The Valley sales tax receipts rebound in May

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.