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Posted on: July 19, 2018

Business is good; Cities see increase in sales tax collections:

By Richard Greene Wise County Messenger


Sales-Tax


Decatur enjoyed another big month in sales tax collections in May.


The city brought in $365,354, a 10.37 percent growth from May 2017, according to the July report from the Texas Comptroller’s office. The tally was nearly $12,000 more than the $353,990 in sales tax receipts in April.


“The retail community is going really well,” said Decatur City Manager Brett Shannon. “Our merchants are in a good spot. We hope it continues.”


For the past seven month period between November 2017 and May, Decatur has brought in $2.732 million in sales taxes – 18 percent more than the $2.314 million from November 2016 through May 2017.


“The increase will help with the cost of everything going up,” Shannon said.


As city officials work on budgeting for the 2018-19 fiscal year, Shannon said they will be conservative.


“We will project a little increase,” he said.


The good news with the increase in sales tax collections was shared by most of the county. With Rhome as the exception, all cities saw at least a slight increase from May 2017.


Paradise, Boyd, Lake Bridgeport, New Fairview and Runaway Bay all saw double-digit increases. Paradise brought in $15,673 as compared to $10,246 in May 2017. For the past seven months, Paradise’s receipts are up 20.6 percent at $104,836.


Boyd enjoyed its best month of the calendar year, bringing $38,458 – 24.23 percent more than the same month a year ago. The city had a nearly $5,000 increase from April’s sales taxes of $33,539.


Boyd City Administrator Greg Arrington said the city is on pace to bring in $403,000 for the year. Boyd voters approved the creation of the Boyd Municipal Development District in May, which will move 0.5 cents of the tax rate to the district to be used for the capital projects in the city. Arrington said based off sales tax receipts from the past seven months, the MDD would have $11,000 in its account.


Bridgeport brought in $181,704 in May, an 8 percent increase over May 2017. For the past seven months, the city is at $1.174 million – 3.36 percent ahead of the same period from last year.

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