Posted on August 12, 2020 at 4:00 PM by TML Staff
|
Updates
What’s the latest from NLC related to city fiscal conditions?
The National League of Cities invites you to the City
Fiscal Conditions report release event! The event will take place tomorrow (August
13) at 9:00 a.m. Texas time.
With virus-related economic consequences expected for years to
come, Mark Zandi (Chief Economist of Moody's Analytics) will join
NLC to reflect on the findings presented in the report and the broader impact
of local fiscal health on national economic recovery.
In its 35th year, the report has become the nation's most
trusted barometer of the financial well-being of cities, towns, and villages
across the country.
What’s the latest update on sales tax collections?
According to the Texas comptroller, his office distributed
$909 million in monthly sales tax revenue to local governments today (August
12). His press release is as follows:
“Texas Comptroller Glenn Hegar announced today he will send
cities, counties, transit systems and special purpose taxing districts $908.7
million in local sales tax allocations for August, 3.6 percent more than in
August 2019. These allocations are based on sales made in June by businesses
that report tax monthly and on sales made in April, May and June by quarterly
filers.
Widespread social distancing requirements were more relaxed
across the state in June than in previous months.
|