Three months into 2013, Wise County’s sales tax receipts are up about half as much as the state’s.
But they’re up.
Of the 12 cities that collect a sales tax, several are showing impressive gains, and two are down only slightly compared to last year.
Only Chico is showing a precipitous drop in sales tax revenue, falling from $78,417 in the first quarter last year to $64,699 this year. That decline of $13,718 represents a 17.5 percent dropoff in sales tax collections.
Alvord is down 2.2 percent – just $732 – while Boyd is off just $436, a fraction of a percent.
On the positive side, Lake Bridgeport’s collections are up 64 percent, Rhome is up nearly 33 percent, Aurora is up 32 percent and Paradise is up 27.5 percent. New Fairview is almost 10 percent ahead of last year, and Runaway Bay is running almost 5 percent ahead.
The reason the county isn’t doing better, percentage-wise, lies in the performance of its two big markets – Decatur and Bridgeport.
Decatur’s collections are up 3.7 percent, while Bridgeport is holding its own with collections about a half-percent ahead of last year.
Decatur has crossed the million-dollar mark already with $1,028,577 in the coffers, and Bridgeport’s $816,296 is up from $812,533 in 2012.
Altogether, the county has pulled $2,274,784 from city sales taxes – $1,844,873 of that are from Decatur and Bridgeport.
The county itself gets a half-cent sales tax and has taken in $1,192,120 so far in 2013. That’s down $43,099 – nearly 3.5 percent – compared to last year’s first-quarter collections of $1,235,219.
The sales tax figures represent January sales reported in February by monthly tax filers as well as sales by businesses that report tax on a quarterly or annual basis.
Texas Comptroller Susan Combs said last Wednesday that overall state sales tax revenue in February was $2.08 billion, up 3.7 percent compared to February 2012.
“Sales tax revenues continue to grow but at a more moderate pace compared to recent months,” Combs said. “The latest increase was led by receipts from the construction and restaurant sectors. Collections from other major sectors such as oil and natural gas-related businesses and manufacturing remain at high levels.”