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The Valley sales tax receipts rebound in May The Valley sales tax receipts rebound in May https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3742015-07-15T08:45:00Z2015-07-15T00:00:00Z

WESLACO - The sales tax revenue is on the rebound a month after posting its first losses of the year, according to the Texas Comptroller’s July report, which calculated receipts generated two months prior.

Collections increased by more than 3 percent in Weslaco with $881,861reported this May compared to $852,092 in May 2014.

It’s an indication that the City on the Grow, which prior to a sales tax decline of nearly 4 percent in April — year over year — had enjoyed gains of more than 4 percent in March, 1 percent in February, 0.3 percent in January, 18 percent in December, 2 percent in November and 0.5 percent in September.

In Donna, an increase in May’s sales tax receipts of 18 percent has been reported, with $215,313 collected compared to the $182,458 brought in during May 2014.

Other Mid-Valley cities experiencing a surge in sales tax receipts include Edcouch, where an increase of more than 2 percent was reported after it brought in $15,486 this May compared to $15,086 in May 2014.

Elsa’s receipts skyrocketed to 70 percent after collecting $95,205, which is up from the $55,813 posted during the same time last year; and La Villa, where a jump of more than 2 percent was reported.

See the Texas Comptroller of Public Accounts for more cities.

The Monitor
McAllen-Edinburg-Mission
Economy
http://www.themonitor.com/mvtc/news/weslaco-sales-tax-receipts-rebound-in-may/article_6e0ea812-2a49-11e5-9f66-e38248fc76f7.htmlRead more at {Source}

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