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MUNICIPAL SALES TAX TABLE 6
<br />The issuer has adopted the provisions of Chapter 321, as amended, Texas Tax Code. In addition, some issuers are subject to
<br />a property tax relief and/or an economic and industrial development tax.
<br />The voters of the City approved the imposition of a 1/4
<br />cent additional sales tax to be used for property tax reduction and a 1/4 cent sales tax for economic developmen
<br />t purposes.
<br />Levy of the additional sales taxes began
<br />on October 1,
<br />1993, and the City received its fi
<br />rst payment in December 1993.
<br />Collections on a fiscal year basis are as foll
<br />ows:
<br />City Collections as
<br />Equivalent of
<br />Fiscal Total
<br />1.00%
<br />0.25%
<br />% of Ad Valorem
<br />Ad Valorem
<br />0.25%
<br />Year Collected
<br />CCU Prop Tax Red
<br />Tax Levy
<br />Tax Rate
<br />EDC
<br />2002-03 $ 5,619,187 $
<br />3,746,125 $
<br />936,531
<br />64.12%
<br />$ 0.45
<br />$ 936,531
<br />2003-04 5,782,790
<br />3,855,193
<br />963,798
<br />64.51%
<br />0.45
<br />963,798
<br />2004-05 6,005,911
<br />4,003,941
<br />1,000,985
<br />64.48%
<br />0.45
<br />1,000,985
<br />2005-06 6,440,845
<br />4,293,897
<br />1,073,474
<br />69.99%
<br />0.48
<br />1,073,474
<br />2006-07 6,727,939
<br />4,485,293
<br />1,121,323
<br />70.65%
<br />0.42
<br />1,121,323
<br />2007-08 6,900,209
<br />4,600,139
<br />1,150,035
<br />72.31%
<br />0.40
<br />1,150,035
<br />2008-09 7,645,512
<br />5,097,008
<br />1,274,252
<br />81.29%
<br />0.42
<br />1,274,252
<br />2009-10 7,012,193
<br />4,674,795
<br />1,168,699
<br />74.94%
<br />0.39
<br />1,168,699
<br />2010-11 7,214,963
<br />4,809,975
<br />1,202,494
<br />78.55%
<br />0.41
<br />1,202,494
<br />2011-12(a) 3,075,024
<br />2,050,016
<br />512,504
<br />33.93%
<br />0.18
<br />512,504
<br />Colleclions.for Fiscal Year 2011-2012 are through February 29, 2012 (five months only).
<br />Source: State Comptroller of the Slate of Texas Website.
<br />Note: Fiscal Year sales tax revenue totals represent monthly revenues received from the State by the City from October
<br />through September of each fiscal year.
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