For most, decline contiues

By Messenger Staff | Published Sunday, May 23, 2010

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Sales tax revenue in Wise County continues to decline, but in many instances, that decline is a little less painful than in previous months.

While New Fairview in the eastern side of the county experienced a 53 percent decline in rebates for April, Lake Bridgeport in the west end, saw a 55 percent increase in sales tax revenue. New Fairview earned $22,427 in April, compared to $47,471 a year ago at this time. Lake Bridgeport’s share at $1,195, is up from the $773 received in April 2009.

Bridgeport’s decline was less than in recent months. At $141,111 for April, Bridgeport is down 42 percent for the month and 51 percent on the year. Decatur’s share, at $239,522, is down 6 percent from this time last year. At $1,043,308, Decatur is down 18 percent for the year.

In addition to Lake Bridgeport, rebates were up in Alvord and Runaway Bay.

The county’s share of the sales tax for April was $240,000, down 28 percent from April 2009. The county is down 39 percent for the year, at $1,021,744.

Statewide, rebates are down almost 8 percent compared to a year ago.

March state sales tax revenue and April payments made to local governments represent sales that occurred in February.

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