Eagle Ford Shale continues to pump new sales tax revenue into Texas counties

January 6, 2013

Eagle Ford Shale continues to pump new sales tax revenue into Texas counties

San Antonio Business Journal by Donna J. Tuttle, Projects Editor

Date: Monday, December 31, 2012, 11:47am CST – Last Modified: Monday, December 31, 2012, 4:42pm CST

A majority of the Texas counties with the most significant sales tax revenue increases in 2012 occurred in the Eagle Ford Shale oil-and-gas play region.

Kinney County leads the state — in a comparison of counties only — with a 185 percent increase in sales tax revenues between 2011 and 2012. Kinney County is part of the Maverick Basin, the northwestern part of the Eagle Ford shale area.

Closer to San Antonio, though, Karnes County came in at number four. That county’s sales tax rebate payments for 2012 are up by 134.8 percent, according to Texas Comptroller Susan Combs’ recent report.

Last year, Karnes County received $3.4 million. This year, during the same January to December time frame, it racked up nearly $8 million in sales tax revenue payments from the state.

Atascosa County, which geographically touches Bexar County, is number six on the top 10 counties with significant sales tax revenue with an increase of 104 percent. That county’s sales tax revenue rose from $3 million in 2011 to $6.1 million in 2012.

The counties with the largest percent increase in sales tax payments between 2011 and 2012, year to date, are as follows.

1. Kinney County — 185.1 percent increase
2. Terrell County — 180.4
3. Dickens County — 171
4. Karnes County — 134.8
5. Reagan County — 108.8
6. Atascosa County — 104.3
7. Gonzales County — 99.75
8. Dimmit County — 87.35
9. Bee County — 73.47
10. Oldham — 72.64

Local sales tax allocations from the Comptroller’s office are broken down by city, county, transit systems, and special purpose taxing districts.

From http://www.bizjournals.com/sanantonio/news/2012/12/31/eagle-ford-shale-continues-to-pump-new.html?ana=e_du_wknd&s=article_du&ed=2013-01-05

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