Sales Tax Revenues

Sales Tax Revenue is the income received by a company from its sales of goods or the provision of services to the consumer. There is a Maximum Combined Sales Tax Rate allowed of 8.25 percent.

  • THE STATE OF TEXAS imposes a 6.25 percent state sales and use tax.
  • LOCAL ENTITIES can impose up to 2 percent sales and use tax.
    • .125 cent (1/8) Street Maintenance Sales Tax
    • .375 cent (3/8) Crime Control and Prevention District
    • 1.5 cents of our "state allowed" 2 cent total goes to General Fund Operations

Fiscal Year Sales Tax Revenues

SALES TAX REVENUES:  The City of Saginaw municipal year is based on October through the following September. Below are Fiscal Year Sales Tax Revenues as reported by the Texas State Comptroller's Office: 

  • Click here for a Fiscal Year Sales Tax Revenue Report
  • FISCAL YEAR SALES TAX – “Revenues”:
    • Fiscal Year 2023-24 Total Revenues = $2,269,050.90 (10.15 increase AND $209,110.00 more revenue than the same 3 months last fiscal year)
    • Fiscal Year 2022-23 Total Revenues = $8,553,611.56 (10.19% increase)
    • Fiscal Year 2021-22 Total Revenues = $7,762,572.97 (7.27% increase)
    • Fiscal Year 2020-21 Total Revenues = $7,236,582.55 (21.46% increase)
    • Fiscal Year 2019-20 Total Revenues = $5,957,804.98 (6.72% increase)
    • Fiscal Year 2018-19 Total Revenues = $5,582,848.90 (6.73% increase)
    • Fiscal Year 2017-18 Total Revenues = $5,257,738.16 (3.19% increase)
    • Fiscal Year 2016-17 Total Revenues = $5,091,389.00 (6.91% increase)
  • IMPORTANT FACTS and NOTES OF INTEREST:
    1. In non-technical language, what this means is that the Saginaw economy and businesses are doing well. Our Saginaw residents (and non-residents) are shopping at our local Saginaw businesses...and that is a good thing.
    2. December 2023 was the second largest sales tax revenues received for a month in Saginaw’s history (with the exception of State Comptroller corrections/adjustments).

Monthly Sales Tax Revenues

Earlier this month, we received the sales tax revenue report from the Texas State Comptroller’s Office. Below are Monthly Sales Tax Revenues as reported by the Texas State Comptroller's Office: 
STR 2024