What information does TML have for cities as
they start to prepare for the upcoming budget year?
TML has developed a special-edition, mid-year
fiscal conditions survey to help cities navigate the upcoming budget planning
process. With an unexpected public health crisis and an economic recession,
most cities will have to make difficult decisions over the next coming months.
Survey questions center on current budget shortfalls, as well as the
anticipated impact on next year budgets.
The full text of the survey is available here, but we prefer that you complete it online.
We ask that one official from
each city complete the survey no later than June 19, 2020. Please
contact JJ Rocha with questions at email@example.com or
What’s the latest with regard to sales tax collections in the
wake of the COVID-19 restrictions?
The Texas comptroller issued the following press release today
“Texas Comptroller Glenn Hegar announced today he will send
cities, counties, transit systems and special purpose taxing districts $690.4
million in local sales tax allocations for June, 11.7 percent less than in June
2019. These allocations are based on sales made in April by businesses that
report tax monthly.
Because of the COVID-19 pandemic, widespread social distancing
requirements were in place across much of the state in April, leading to the
steepest year-over-year decline in allocations since September 2009.
For details on June sales tax allocations to individual cities,
counties, transit systems and special purpose districts, visit the
Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports.”
Where can I find archived issues of the TML Coronavirus Updates?
TML Coronavirus Updates are archived by date here and by subject here.