Laserfiche WebLink
<br /> I $(;t:.M <br /> Municipal Sales Ta..x History <br /> The City has adopted the Municipal Sales and Use Tax Act, Chapter 321, Texas Tax Code, which grants the City the power <br /> to impose and levy a 1 % Local Sales and Use Tax within the City, the proceeds are credited to the General Fund and are not <br /> pledged to the payment of the Bonds. Collections and enforcements are effected through the offices of the Comptroller of <br /> Public Accounts of the State who remits the proceeds of the tax, after deduction of a 2 % service fee, to the City montWy <br /> Revenue from this source, for the years shown, has been: <br /> Fiscal <br /> Year % of Equivalent of <br /> Ended Total Ad Valorem Ad Valorem Per <br /> 9-30 Collected Tax Levy Tax Rate Capita(l) <br /> 1981 $ 878,369 51.24% $0.728 $ 38.52 <br /> 1982 1,123,309 56.54% 0.582 45.85 <br /> 1983 1,305,517 54.59 % 0.355 49.87 <br /> 1984 1,535,273 57.00% 0.388 46.04 <br /> 1985 1,759,830 50.88 % 0.386 52.53 <br /> 1986 1,848,274 48.58% 0.369 52.81 <br /> 1987 1,629,912 42.60% 0.209 47.04 <br /> 1988 2,330,252 60.62 % 0.297 67.25 <br /> 1989 2,907,649 76.26 % 0.444 78.80 <br /> 1990 2,965,002 72.55 % 0.433 80.43 <br /> 1991 3,770,324 106.13% 0.622 109.74 <br /> 1992 4,656,171 126.56% 0.756 132.87 <br /> 1993 2,417,162C1J 66.52 % 0.397 69.83 <br /> (1) Based on estimated population for all years. <br /> (2) Collected through March 3 I, 1993. <br /> .. <br /> , <br /> A - 12 <br />