NEWS HEADLINES

Wise County breaking even in ’13

By Bob Buckel | Published Saturday, November 9, 2013

One hundred dollars.

With 11 months in the books and more than $8 million in the bank, $100 is the difference between this year and last year for sales tax collections in Wise County.

2013 was looking considerably better than that until the November numbers rolled in this week. Four of the county’s top five markets – Decatur, Bridgeport, Rhome and New Fairview – were down substantially for the month, leading the rest of the county to a decline of nearly 10 percent compared to the same month in 2012.

That loss of nearly $72,000 left the county’s 12 cities at $8,085,137 for the first 11 months of the year. That’s a hundred dollar bill better than last year.

The sales tax figures represent September sales reported by monthly tax filers and July, August and September sales reported by quarterly filers.

With the exception of Bridgeport and Chico, all 12 cities are still in the black compared to last year, and both of those cities have begun to narrow the gap in recent months.

Statewide, 1,146 cities collect a sales tax, and their overall gain is 6.3 percent over last year – on total income of more than $4.3 billion.

Sales Tax

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