Two months into 2013, and things are looking good for most of Wise County’s 12 cities that levy a sales tax.
The county’s two largest markets show modest gains – Decatur up 4.4 percent and Bridgeport up 2.7 percent – while the other 10 cities range from Newark’s 46.1 percent increase to Chico’s 20.8 percent decline.
Chico, Alvord, Runaway Bay, Boyd and New Fairview all had declines in February compared to the same month last year. Chico, Alvord, Paradise and Runaway Bay trail last year overall.
Decatur’s 1.5-cent sales tax has brought in $742,305 through two months, up from $711,004 last year. Bridgeport’s tax has yielded $593,203 – 2.7 percent better than last year’s two-month total of $577,466.
Rhome has a strong gain of nearly 25 percent, and moves into third with $64,722. New Fairview is up less than 1.5 percent and Boyd’s gain is less than 3 percent.
After a break-even January, Chico’s February total was down more than $12,000 from last February, leaving the city nearly 21 percent behind last year after two months.
Newark had a big gain in February to put the city 46 percent ahead of last year. Aurora is up just over 30 percent.
The February payment represents December sales reported by monthly filers, as well as year-end sales reported by businesses that file on a quarterly or annual basis.
Texas Comptroller Susan Combs announced Feb. 6 that state sales tax revenue in January was $2.12 billion, up 6.1 percent compared to January 2012.
“Growth in sales tax receipts was led by the construction, retail trade and restaurant sectors,” said Combs. “Receipts from oil and natural gas-related activity also continue to be strong. State sales tax revenue has now increased for 34 consecutive months.”
Combs sent cities, counties, transit systems and special purpose taxing districts February allocations totaling $741 million, up 4.6 percent compared to February 2012.