When the final sales tax numbers came in for 2013, 10 Wise County cities showed a gain – and the two that didn’t showed signs of a turnaround.
Of all the cities that collect a sales tax, only Bridgeport and Chico ended 2013 with a loss compared to 2012. Bridgeport was down $230,391 – just under 7 percent – while Chico fell short by $34,785 or 12.2 percent.
But just two months ago, Bridgeport was in a 9.8-percent hole. The city’s losses moderated over the last few months, and December brought a gain of 23 percent over the same month the previous year.
Bridgeport’s 1.5-cent sales tax brought in $343,303 this month, up from $297,144 last year.
The trend is encouraging.
Up in Chico, the sales tax went from $19,927 last December to $25,850 this December – a gain of nearly 30 percent. Over the past four months, the city’s deficit has narrowed from 19 percent to 12.2 percent.
The county’s other 10 cities collected over $300,000 more in 2013 than they did the previous year. Factor out Bridgeport and Chico, and they gained a respectible 5.7 percent compared to 2012.
Decatur had the biggest gain, dollar-wise, at $91,560 or 2.34 percent. New Fairview picked up $65,000 additional dollars from its sales tax and Boyd saw an additional $56,786 added to its coffers – with both cities’ gains topping 21 percent.
Paradise had a 42.8 percent gain and pocketed $33,155 more than last year, and Aurora, with growth of 97 percent, boosted its sales tax earnings from $23,419 last year to $46,193 this year.
Altogether, Wise County’s 12 cities were up $36,024 from last year – less than one-half of one percent.
The county’s half-cent sales tax yielded nearly $4.9 million, but that was down 4.3 percent compared to last year’s $5.1 million.
Statewide, 1,145 cities collected $4.7 billion in sales taxes, up 6.13 percent – more than $273 million – over 2012.
Texas Comptroller Susan Combs said December was the 44th straight month in which sales tax revenue was up.
“State sales tax revenue continues to grow at a moderate pace as expected,” Combs said. “Revenue from sectors such as wholesale trade, services industries and restaurants contributed to the most recent increase.”
The December sales tax figures represent October sales reported by monthly tax filers.