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Posted on: September 15, 2020

Sales Tax Revenue Update From Judge J.D. Clark

From Judge J.D. Clark
We just received our sales tax revenue information for September, and I decided that it is a good time for all of us to appreciate and reaffirm our commitment to shop local and remember the impact that local businesses have on our community. The County receives a half-cent of sales tax, and from January through September 2020, that half-cent has generated $3,729,529.25 in sales tax revenue to fund County services. 

For comparison, at this same point last year, sales tax revenue was $3,407,563.81. That's an increase of 9.44%. That increase in sales tax revenue means more money is being spent here in Wise County, and that is a great thing, because it helps our local businesses that invest so much in our community. It is also a great thing for those of us who are County citizens, because the better our sales tax is doing, the less reliant we have to be on property taxes. Personally, I always prefer some form of sales or consumption tax over a property tax, because I have more personal control and decision-making over that and how it affects my family's budget. 

Just yesterday, the Wise County Commissioners Court adopted a budget and tax rate that will raise less revenue from property taxes than last year's budget by an amount of $803,971, which is a 3.13 percent decrease in County property tax revenue from last year. However, our many diverse County departments- like law enforcement, EMS, the court system, road and bridge, auto registration, public works, animal control, 911 addressing, watershed management, etc.- will remain providing a high-level of service because of the strong performance of the local economy and increased sales tax revenue. 

Let's all keep it in the forefront of our minds as we make purchasing decisions: when we shop local, we help our local businesses, and we help our community! 


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