NEWS HEADLINES

July a good month for Wise cities

By Bob Buckel | Published Saturday, July 12, 2014

It’s been a while since all 12 cities in Wise County collected more sales tax in a month than they did in that month the previous year.

That didn’t happen in July, either – but 11 of them did.

With increases ranging from 2 percent in Decatur and Paradise to 35 and 36 percent in Alvord and Chico, everyone except Newark saw sales tax income rise in July.

And Newark’s year-to-date total still more than doubles last year.

Indeed, only three cities remain in negative territory compared to 2013 – but those three are all in the top five in volume and conspire to keep the county just below last year overall.

Decatur, the county’s top sales tax generator, is almost a percent above last year through seven months, with collections of $2,379,189 from its 1.5-cent sales tax.

Bridgeport is 7.6 percent behind last year, while Rhome is down 2.4 percent and New Fairview is off by 5.7 percent. All three, however, narrowed that gap in July:

  • Bridgeport’s July payment was up nearly 28 percent;
  • New Fairview’s July payment was up 22 percent; and
  • Rhome’s July payment was up 4.5 percent over last year.

“Sales tax revenues continue to grow at a moderate pace,” Comptroller Susan Combs said. “The increase was led by remittances from the wholesale trade, services, and restaurant sectors. Fiscal year-to-date collections have now grown by 5.2 percent.”

Cities, counties, transit systems and special purpose taxing districts saw their July local sales tax allocations top $600 million, up 4.2 percent compared to July 2013.

Those sales tax figures represent monthly sales made in May and reported to the state in June.

Sales Tax

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