BUSINESS HEADLINES

County sales tax receipts continue to grow

By Richard Greene | Published Saturday, April 13, 2019
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Sales tax

In preparing the 2019 fiscal year budget, Wise County officials projected to bring in $3.8 million in sales tax.

As of this week’s $328,054 April disbursement, the county is on pace to easily surpass that estimate. Through the first seven months of the fiscal year, Wise County has received $2.497 million – a monthly average of $356,714 – off its half-cent of sales tax.

“It’s fantastic. The economy is generally doing well,” said Wise County Judge J.D. Clark. “We’re pleased that sales tax is picking up.

“We have more moving here, and the businesses generally follow rooftops. Hopefully we can snag some industrial opportunities to bring a good amount of jobs here.”

The April disbursement is based off sales in February – the shortest month of the year. Wise County’s sales taxes receipts of $328,054 were up 19.48 percent from April 2018’s disbursement of $274,562.

Sales taxes were up more than 10 percent in 10 Wise County cities in April.

Chico and Aurora both had triple-digit gains for the same month in 2018. Chico’s sales tax collections jumped from $15,354 to $45,288. Aurora more than doubled its disbursement from $3,014 to $7,619.

Decatur showed a healthy gain of 8.26 percent from $294,166 in April 2018 to $318,486 this month. The city has brought in $1.412 million off its 1.5-cent sales tax levy since the start of the calendar year.

Bridgeport’s collections dipped 23.84 percent from $140,168 in April 2018 to $106,748 this month. Bridgeport’s collections are slightly ahead of last year, bringing in $650,658 this calendar year.

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