{{titleBar.title}}

{{titleBar.tagline}}

 

 

Valley's cities see rise in sales tax receiptsValley's cities see rise in sales tax receiptshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=96272012-09-13T16:28:00Z2012-09-13T00:00:00Z

RIO GRANDE VALLEY - Cities across the Rio Grande Valley will receive a sales tax windfall, reflecting strong consumer and business spending during July.

The blockbuster payments include a $5 million allocation for McAllen thanks to strong consumer spending and a construction boom, according to the Texas Comptroller of Public Accounts. McAllen’s allocation grew nearly 25 percent compared to September 2011.

The eye-popping increase, though, comes with several caveats. It includes a $278,000 audit payment and more than $227,000 in past- and future-period collections.

Across Texas, the September payment to cities was 13.2 percent higher than 2011, according to the Comptroller. The Valley’s largest cities fared better than most:

  • Edinburg will receive $1.3 million, nearly 16 percent more than September 2011.
  • Pharr will receive $1.1 million, nearly 18 percent more than September 2011.
  • Mission will receive $1.2 million, about 19 percent more than September 2011.
  • Mercedes, home to Rio Grande Valley Premium Outlets, will receive $624,000, about 21 percent more than September 2011.
  • Harlingen will receive nearly $1.6 million, 16 percent more than September 2011. The new Bass Pro Shops has pushed the city’s sales tax receipts higher this year.
  • Brownsville will receive about $2.9 million, nearly 17 percent more than September 2011.

For cities and counties, see the Texas Comptroller of Public Accounts.

The Monitor
McAllen-Edinburg-Mission
Economy
http://www.themonitor.com/news/tax-63805-grande-valley.htmlRead more at {Source}

 Search NewsTalk Texas