BUSINESS HEADLINES

Decatur nears $3 million in sales tax collections

By Richard Greene | Published Saturday, August 18, 2018
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With one month left in the fiscal year, the city of Decatur is nearing $3 million in sales tax collections.

Decatur reached $2.7 million in collections for the fiscal year with the $410,073.83 shown on the August report from the Texas Comptroller’s office. The August report represents sales in June.

The city had budgeted $2.6 million for the fiscal year, which runs through September.

“We’re $170,000 over what we budgeted,” said Decatur City Manager Brett Shannon. “We have a chance to hit $3 million.”

The $410,073.83 was a 12.86 percent increase from the $363,338.60 sales tax receipts in June 2017. The receipts were up $44,719 from May’s collections.

“I believe it was just another big month for our retail businesses. There were no big audit collections,” Shannon said.

“We’re ecstatic, but we’re taking a conservative approach.”

As Decatur closes out a big year in sales tax collections, the city could see an additional boost next year with the opening of the QuickTrip and other commercial businesses.

Bridgeport enjoyed a 12.38 percent increase from June 2017 collections, bringing in $171,312. The city has collected $1.345 million in the past eight months.

Eight cities in the county saw double-digit increases in sales tax collections in June from the same month in 2017. Aurora, Boyd and New Fairview had an increase of more than 30 percent.

Boyd’s collections jumped from $35,000 in June 2017 to $45,704 in June.

Wise County brought in $355,824 off its half-cent of sales tax in June. Since November 2017, the county has brought in $2.675 million, an 8.97 increase for the same period in the previous year.

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