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Post by Minion on May 11, 2017 12:28:37 GMT -6
Looks like the Mexican spending went way down. Hopefully with new industrial and manufacturing coming to Brownsville next year's number will look better. SpaceX construction has begun and waiting for the LNGs and the SATA manufacturing construction to begin within the next year or two. Also, I hope that Tenaska power plant begins construction before the end of the decade. With these new industries coming in, more energy will be needed to power out city. Yeah, way down. Not sure what's affecting Brownsville as much as McAllen but i really think McAllen is down because of a couple of things more so than Mexican shoppers. 1. McAllen is not the only place to shop like they used to be: Mission, Edinburg and Pharr have stepped it up and are keeping their own shoppers in their own cities - RGV Shoppes, Pharr Town Center, Shary Crossing, even Hidalgo and Weslaco have more stores. McAllen doesn't have "destination" shopping anymore with duplicate stores available in area cities. Even teeny Hidalgo has a Walmart Supercenter. 2. Expressway construction from 2nd to almost Ware is keeping people away from McAllen. (It's awful driving through there right now). 3. La Plaza Mall is still under construction... and will be for the foreseeable future... keeping people away. 4. La Plaza Mall's parking lots are insufficient for shoppers who DO want to go there but can't find a spot. Parking garage is not enough.... so rather than try to find a spot, they go elsewhere. 5. Former North 10th shoppers can also go to Alton/Edinburg/Mission now for same shopping experiences. 6. With the proliferation of the Ross/TJMaxx/Marshalls/Burlington stores everywhere you look, people don't need to go to the Outlets for a good deal. (Not that I ever found a good deal there). ETC. lol
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Post by Minion on Jul 21, 2017 12:29:09 GMT -6
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Post by Minion on Jul 21, 2017 12:31:07 GMT -6
Increase in sales tax revenues for some RGV citiesriograndeguardian.com/increase-in-sales-tax-revenues-for-some-rgv-cities/MCALLEN, RGV – After several months of declining sales tax revenues, the Rio Grande Valley had a positive boost in May 2017, according to a new report by the Texas Comptroller’s Office. The report shows Cameron County was able to recover after months of declining sales tax figures. Cities like South Padre Island, Harlingen, San Benito and Port Isabel are driving up the numbers, making the county go positive at 0.18 percent for the year to date. The year to date figure is November 2016, thru May 2017. Sales tax revenues in Cameron County were up 3.49 percent in May, as compared to May 2016. In Hidalgo County, McAllen monthly sales figures were also positive, but Edinburg, Mission, and Alamo continue to be in the negative. Weslaco and Donna have shown consistent positive numbers. Sales tax revenues in Hidalgo County were up 1.65 percent in May, as compared to May 2016. Year to date, the percentage in Hidalgo County is down 2.04 percent. The numbers for Mercedes show the city continue to struggle to bring up their sales tax revenues. Mercedes is one of the Valley cities that rely heavily on Mexican shoppers. The report is a mixed bag with some cities still in the negative and some showing positive growth, but Mercedes has far more lower numbers than any other city in both Cameron and Hidalgo County. Matt Ruszczak, executive director of the Rio South Texas Economic Council, said overall the sales tax figures in the region are improving. “I think we’re starting to see definitely a positive upwards trend,” Ruszczak said. “If you look at the overall numbers here, looking at May, and seeing, hey Cameron County is up as a whole, Hidalgo County is up as a whole. Even though we still see some weakness in the peso during those months, during in the month of May compared to the previous year, I think that’s quite encouraging. Looking from there into the future, the peso continues to strengthen. So, we’ll see as the next months numbers come in if the trend continues. Right now on that outlook its positive.” Ruszczak said that even with a weaker peso than the year before, it hasn’t affected this month’s positive figures. “It’s important to keep in mind as we look at these numbers that in May the peso in May of 2017 was still weaker than it was in May of 2016,” Ruszczak said. “In May of 2016 the currency was between 17.1 and 18.5 and in May of 2017, we’re between 18.4 and 19.2. So not a huge discrepancy between the two, but still weaker for May of 2017 than May of 2016, so positive numbers on the bottom line across the region besides still the slight weakness of the peso compared to the euro every year are positive.” The year to date of the report consists of seven months, from November 2016 to May 2017, with each monthly report two months behind due to the data collection process. “My real take away from this that it looks pretty good,” Ruszczak said. “I’m really curious to see next months report for the June sales because we finally have the parody in the exchange rate and we’ll get to see what it actually looks like. Apples to apples.”
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Post by Minion on Nov 20, 2017 9:13:44 GMT -6
Hidalgo County - November #sDon't know why McAllen city leaders are running around crying THE SKY IS FALLING. With all things considered (highway construction, La Plaza Mall under construction, area competition, the bloodshed in Reynosa, etc.), they're not doing too bad at all down 2.92% for the year.
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Post by Minion on Nov 20, 2017 9:15:52 GMT -6
I see way more red than green there. Matamoros isn't having the bloodshed that Reynosa is having... why is Brownsville DOWN for the year? Is everyone heading to Harlingen in Cameron County now? Cameron County - November #s
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Post by Minion on Dec 20, 2017 10:49:09 GMT -6
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Post by miles on Dec 22, 2017 9:01:33 GMT -6
Are Harlingen shopping centers affecting Brownsville, as well as Mercedes too? They're both down for the year? Or did people finally realize that the stuff you get at the outlets can be found at your local Ross or TJMaxx or Marshalls or Burlington?
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Post by Minion on Dec 22, 2017 10:56:33 GMT -6
From November 2016 through October 2017, based on the amount of sales taxes generated, compared with November 2015 through October 2016, the Valley’s major cities ranked accordingly in the following local sales tax figures:
•McAllen: $58,616,964.88, from November 2016 through October 2017, down 2.48 percent compared with November 2015 through October 2016 ($60,112,579.67);
•Brownsville: $36,383,169.53, from November 2016 through October 2017, down 1.49 percent compared with November 2015 through October 2016 ($36,934,743.53);
•Harlingen: $24,007,367.90, from November 2016 through October 2017, up 6.42 percent compared with November 2015 through October 2016 ($22,558,061.64);
•Edinburg: $20,934,767.43, from November 2016 through October 2017, down 1.11 percent compared with November 2015 through October 2016 ($21,171,250.82);
•Pharr: $17,065,314.64, from November 2016 through October 2017, up 1.25 percent compared with November 2015 through October 2016 ($16,853,720.68);
•Mission: $14,693,032.70, from November 2016 through October 2017, down 2.88 percent compared with November 2015 through October 2016 ($15,128,819.81);
•Weslaco: $11,950,056.95, from November 2016 through October 2017, up 2.31 percent compared with November 2015 through October 2016 ($11,679,765.20).
For details on November 2017 sales tax allocations, which represent sales taxes generated in October 2017 by individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Tax Allocation Comparison Summary Reports.
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Post by Minion on Jan 15, 2018 10:26:00 GMT -6
McAllen sees second-straight monthly sales tax gain
The first sales tax allocation of 2018 shows McAllen with its second straight strong monthly showing. Texas Comptroller Glenn Hegar announced McAllen’s take for November was 4.82 percent above November 2016. The monthly allocations are based on sales made in November by businesses that report tax monthly. While not a complete economic picture of a municipality, the numbers give an indication of the health of a city’s retail sector. Figures show that in October McAllen showed a gain of 3.18 percent. The city was down for the year in 2017 by 2.48 percent. Elsewhere, Pharr was up 14.04 percent for the month, Edinburg was up 8.49 percent and Weslaco was up 0.18 percent. Among the county’s largest cities, only Mercedes (down 10.03 percent) posted negative numbers compared to November 2016. Harlingen posted an increase of 4.80 for the latest period and in 2017 finished up 6.42 percent for the entire year. Analysts say a 2 percent increase year-over-year is a sign of a healthy local economy. Statewide, taxing districts were allocated $709.2 million in local sales tax allocations for sales made last November. This is 9.5 percent higher than a year ago. In Cameron County, much like the state, most cities showed a strong first month in the 2018 allocations, with San Benito up 3.05 percent, Brownsville up 3.64 percent, La Feria up 6.97 percent and Los Fresnos up 4.81 percent. South Padre Island showed a small 0.27 percent gain, while Rio Hondo (down 3.16 percent) and Port Isabel (down 1.18 percent) were the only bigger cities to post negative numbers. In Starr County, Rio Grande City was up 1.98 percent while Roma was down 2.41 percent. www.themonitor.com/news/business/article_d1d0fc94-f8df-11e7-9f61-cbc6d5dbc5c1.html
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Post by btx on Jan 15, 2018 14:14:43 GMT -6
Thanks for the update!
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