Sales taxes keep trending up

By Richard Greene | Published Wednesday, June 13, 2018

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Sales Tax

Decatur has brought in more than $2.3 million in sales tax receipts in the past six months.

The sales taxes collections from November to April are running 19.33 percent above the same six-month period between November 2016 and April 2017, when the city brought in $1.983 million off its 1.5 cent levy. The city collected $353,990 in April, according to the June report from the Texas Comptroller’s office.

Decatur City Manager Brett Shannon said more than $200,000 in audit collections in the past four months has added to the totals. But even without them the city is ahead of 2017.

“If we back out [the audit collections], we would still be about 9 percent ahead,” Shannon said. “Just driving around, every commercial enterprise in town has cars parked outside. It’s a good time to be a retailer in Decatur.”

Decatur has three months left in the fiscal year. Shannon is hopeful to see recent trends continue. The city was up 12.28 percent in March with $422,992.

“It’ll add a little more to the rainy day fund,” Shannon said. “If nothing else, it’ll help with the rating agencies when we have to go out and borrow money.”

Rhome’s sales taxes for the past six months are 20.22 percent above the same period in 2017 at $296,385. Rhome collected $42,583 in April.

“We’ve seen an increase in traffic through town with more people stopping at Love’s and other businesses,” said Rhome Mayor Michelle Pittman di Credico. “[The sales tax] helps tremendously.”

Wise County has collected $1.964 million on its half-cent in the past six months – 11.67 percent above 2017. The county’s receipts were up 18.95 percent in April at $333,944 from April 2017.

“Sales taxes are trending way above what we budgeted, which helps a great deal,” said Wise County Judge J.D. Clark. “Being up 11 percent gives us a little cushion on the budget. We forecast on the low end. This gives us a better outlook as we budget for next year.”

Aurora, Lake Bridgeport, New Fairview, Paradise and Runaway Bay all have seen double-digit increases in collections in the past six months as compared to 2017.

Alvord, Boyd, Chico and Newark are the only cities to see decreases in the time frame.

Bridgeport is 2.55 percent ahead with $992,746 collected from November to April.

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