BUSINESS HEADLINES

Bridgeport, Decatur bring in more sales taxes

By Richard Greene | Published Saturday, May 12, 2018
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Sales Tax

Wise County’s two largest cities saw big jumps in sales tax revenue in March.

Bridgeport’s sales tax receipts jumped 21.3 percent over the March 2017 total of $176,520 to $214,181. Decatur brought in $422,992, a 12.28 increase from the $376,712 from the same month in 2017. The figures are from the May report from the Texas Comptroller, which shows sales from March.

The big March number put Bridgeport 4.45 percent ahead in receipts from November to March with $843,611 brought in compared to the $807,645 between November 2015 and March 2017.

“It’s great news,” said Bridgeport City Manager Jesica McEachern. “It’s a tremendous help. We’ve been trending down from what we budgeted.”

McEachern said several new businesses have opened in the city and established stores are also busy.

Decatur’s sales tax collections continued to grow. For the past five months, Decatur’s collections are 20.68 percent ahead of the same period from November 2016 to March 2017, going from $1,668,169 to $2,013,203.

Decatur City Manager Brett Shannon said of the $422,992 in March, approximately $18,000 was from audit collections, future payments and quarterly payments.

“Looking at the detailed report, it’s primarily regular collections,” Shannon said. “It’s a sign that the retail stores in the community are doing well. More and more people are moving into the county and are spending more in the stores. We’re tickled to see it.”

Four other Wise County communities – Aurora, Lake Bridgeport, Paradise and Runaway Bay – saw more than a 10 percent jump in sales tax receipts in March from the same month in 2017. Aurora’s collections more than doubled from $3,105.54 to $7,817.52.

Boyd was the only city to see a decrease, with collections dropping from $49,322 in March 2017 to $35,139 this year.

Between its 1-cent regular sales tax levy and the half-cent dedicated to the municipal development district, Newark brought in $8,832, a little more than $1,200 than in March 2017.

Wise County had an increase of 11.28 percent to $372,856 off its half-cent of sales tax.

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