NEWS HEADLINES

Sales tax up in most cities

By Bob Buckel | Published Saturday, June 14, 2014

Summer is off to a pretty good start for most Wise County cities – at least when it comes to sales tax.

The June payment from the State Comptroller’s office, representing April sales reported to the state in May, was better than last year’s in 10 of the county’s 12 cities.

Boyd was the only city that saw a big drop in June, collecting $32,054 with its 1.5-cent sales tax compared to $50,638 in the same month last year – a 36.7 percent drop. Paradise’s June payment was off just $36.

Everyone else got a boost in June, from 1.26 percent in Lake Bridgeport to 56 percent in Aurora.

The bigger cities of Decatur and Bridgeport saw modest increases, 4.6 percent in Decatur and 1.49 percent in Bridgeport. For the year, Decatur is three-quarters of a percent, or $15,578, ahead of 2013, while Bridgeport remains 13 percent behind.

Despite healthy increases in June, both Rhome and New Fairview also remain behind last year by 3.4 and 9.3 percent, respectively.

The rest of the county’s smaller cities are ahead of 2013, with increases ranging from Boyd’s 1.8 percent to Newark’s lofty 130.8 percent.

As a whole, Wise County’s 12 cities are down $101,675 – 2.26 percent – from last year. Factoring out Bridgeport’s $203,547 deficit, the other 11 cities are up $101,872 – a respectable 3.4 percent.

Statewide, 1,148 cities have picked up just under $2.5 billion from the sales tax so far this year, running 7 percent ahead of last year.

Wise County, which collects a half-cent, saw their payment drop 15.2 percent in June, from last year’s $446,280 to $378,274. That brings the county’s year-to-date total to $2,577,551, up 2.77 percent over last year’s.

Comptroller Susan Combs said sales tax growth statewide was evident across all major sectors of the economy.

“The growth was led by the retail and wholesale trade sectors, the oil and natural gas mining sector, and the services sector,” she said. “This marks the 50th consecutive month of increased state sales tax revenues, and brings the fiscal year-to-date growth to 5.4 percent.”

Sales Tax

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