BUSINESS HEADLINES

Sales tax gift to Christmas Capitol

By Richard Greene | Published Saturday, February 9, 2019
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Sales Tax

The City of Bridgeport proclaimed itself as the “Christmas Capitol of Wise County” this past season.

Based on sales tax collections for December reported on the Texas Comptroller’s February report, it lived up to the billing. The city saw sales tax receipts jump 27.29 percent to $213,263 in December from the $167,538 brought in during December 2017.

Along with sales in December, the February allocations included collections by quarterly and annual filers.

For the months of November and December, Bridgeport collected $389,612 off its 1.5 rate – a 20.7 percent or $66,836 increase for the same two months in 2017.

“Everyone told me they did very well and business keeps getting better and better,” said Mary Beth Holder, executive director of the Bridgeport Chamber of Commerce.

Holder said recent renovations along Halsell Street and the addition of new, vibrant businesses continue to add energy to downtown.

“Downtown parking spaces are full every day now. There’s a constant flow of traffic,” Holder said.

All but two cities in Wise County – Newark and Runaway Bay – showed an increase in sales taxes in December compared to the previous year. .

Decatur’s collections reached $419,708 – an increase of $9,591 (2.33 percent) from the $410,117 in December 2017. City Manager Brett Shannon said the month is historically the city’s largest month.

Decatur, which received a big audit collection of $207,000 in January 2017, is 17.56 percent behind disbursements for the first two months of last year with $786,395. Last year, it brought in $954,009 in January and February.

Rhome received a disbursement of $67,180, an $11,000 increase from the previous February.

Wise County collected $409,787 off its half-cent of sales tax in December. The amount was 21.26 percent above the $337,933 from the same month in 2017. The county has brought $763,317 in its first two disbursements of the year.

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