|
|
Post by Granola on Dec 5, 2018 8:54:05 GMT -6
Look at McAllen's huge monthly increase. LOoks impressive but it should have an "*" on it. They were down all of last year so this is growth, for sure, but growth over declines the year before. Anyway, i'm nitpicking, Hidalgo County is doing fantastic!
|
|
|
|
Post by Granola on Dec 5, 2018 9:04:06 GMT -6
|
|
|
|
Post by miles on Dec 10, 2018 15:57:30 GMT -6
HIDALGO COUNTY CONTINUES TO GROW YEAR OVER YEAR WITH 5 CITIES OVER $1 MILLION EACH MONTH! GO PHARR WITH BIGGEST INCREASE SO FAR FOR THE YEAR. TOP GOLF SHOULD KEEP THEM ON TOP. Yikes! Poor Mercedes! Down for the year. And that's because they were down most of last year too. So this is down over down over down? How are they ever going to fix that? It's looking like Valle Vista Mall in there with so many empty storefronts. |
|
|
|
Post by Granola on Dec 22, 2018 22:44:05 GMT -6
McAllen’s retail economy generates most sales tax revenue for the year among Valley’s largest cities, reports Texas Comptroller of Public Accounts
By DAVID A. DÍAZ
Legislativemedia@aol.com
McAllen, Brownsville and Harlingen finished first, second and third, respectively, in the amount of local sales taxes generated by their retail economies for the one-year period calculated by the Texas Comptroller of Public Accounts.
Edinburg, Pharr, Mission and Weslaco, in that order, rounded out the list of local retail taxes produced for the same one-year period, according to the state agency.
Under the reporting system maintained online by the Texas Comptroller of Public Accounts, for all public entities which generate local sales taxes, year-to-date totals begin in November of each year.
All figures for Valley communities which collect a local sales tax on qualified retail purchases, along with every other governmental entity in Texas which do the same, are provided by the Texas Comptroller of Public Accounts.
The sales tax, formally known as the State Sales and Use Tax, is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. Texas cities, counties, transit authorities and special purpose districts have the option of imposing an additional local sales tax for a combined total of state and local taxes of 8 1/4% (.0825).
The amount of local sales taxes collected helps reflect the strength of an economy, along with construction activities, per capita income, education, historical performances, and related trends.
In terms of local sales tax revenue for October 2018, McAllen led all major Valley cities with $5,472,359.12, while Brownsville was second ($3,322,887.71), Harlingen was third ($2,022,327.17), and Edinburg was fourth ($2,007,037.14).
The monthly findings for October 2018 are based on sales made by businesses that report tax monthly.
Texas Comptroller Glenn Hegar on Wednesday, December 12, 2018, said he will send cities, counties, transit systems and special purpose taxing districts $761 million in localsales tax allocations from retail activities generated in October 2018 – 9.5 percent more than in October 2017.
The local sales tax data is among the latest economic barometers featured in a detailed summary provided by the state comptroller’s office.
Among its many duties, the Texas Comptroller’s office is the state’s chief tax collector, accountant, revenue estimator and treasurer.
Based on the amount of sales taxes generated, according to the state comptroller’s office, the Valley’s major cities ranked accordingly in the following local sales tax figures:
November 2017 through October 2018, compared with November 2016 through October 2017
Under the reporting system maintained online by the Texas Comptroller of Public Accounts, for all public entities which generate local sales taxes, year-to-date totals begin in November of each year.
From November 2017 through October 2018, based on the amount of sales taxes generated, compared with November 2016 through October 2017, the Valley’s major cities ranked accordingly in the following local sales tax figures:
• McAllen: $64,157,909.36, from November 2017 through October 2018, up 9.45 percent compared with November 2016 through October 2017 ($58,616,964.88);
• Brownsville: $38,851,025.62, up 6.78 percent from November 2017 through October 2018, compared with November 2016 through October 2017 ($36,383,169.53);
• Harlingen: $25,293,869.01, from November 2017 through October 2018, up 5.35 percent compared with November 2016 through October 2017 ($24,007,367.90);
• Edinburg: $22,794,459.19, from November 2017 through October 2018, up 8.88 percent compared with November 2016 through October 2017 ($20,934,767.43);
• Pharr: $18,959,562.49, from November 2017 through October 2018, up 11.09 percent compared with November 2016 through October 2017 ($17,065,314.64);
• Mission: $15,659,980.81, from November 2017 through October 2018, up 6.58 percent compared with November 2016 through October 2017 ($14,693,032.70); and
• Weslaco: $12,802,273.24, from November 2017 through October 2018, up 7.13 percent compared with November 2016 through October 2017 ($11,950,056.95).
October 2018 compared with October 2017
• McAllen: $5,472,359.12 up 24.64 percent compared with October 2017 ($4,390,341.47);
• Brownsville: $3,322,887.71, up 20.14 percent compared with October 2017 ($2,765,731.12);
• Harlingen: $2,022,327.17, up 3.67 percent compared with October 2017 ($1,950,730.56);
• Edinburg: $2,007,037.14, up 23.54 percent compared with October 2017 ($1,624,490.61);
• Pharr: $1,633,687.83, up 19.80 percent compared with October 2017 ($1,363,639.30);
• Mission: $1,375,841.66, up 23.75 percent compared with October 2017 ($1,111,735.70); and
• Weslaco: $1,051,260.22, up 18.60 percent compared with October 2017 ($886,379.30).
For details on local sales taxes generated in October 2018 by individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports.
|
|
|
|
Post by Minion on Dec 26, 2018 8:55:15 GMT -6
October 2018 compared with October 2017 • McAllen: $5,472,359.12 up 24.64 percent compared with October 2017 ($4,390,341.47); • Brownsville: $3,322,887.71, up 20.14 percent compared with October 2017 ($2,765,731.12); • Harlingen: $2,022,327.17, up 3.67 percent compared with October 2017 ($1,950,730.56);
• Edinburg: $2,007,037.14, up 23.54 percent compared with October 2017 ($1,624,490.61);• Pharr: $1,633,687.83, up 19.80 percent compared with October 2017 ($1,363,639.30); • Mission: $1,375,841.66, up 23.75 percent compared with October 2017 ($1,111,735.70); and • Weslaco: $1,051,260.22, up 18.60 percent compared with October 2017 ($886,379.30). For details on local sales taxes generated in October 2018 by individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports. Wow. Look at Harlingen vs. Edinburg in October. Just $15,000 separate the two! |
|
|
|
Post by miles on Dec 27, 2018 9:34:31 GMT -6
October 2018 compared with October 2017 • McAllen: $5,472,359.12 up 24.64 percent compared with October 2017 ($4,390,341.47); • Brownsville: $3,322,887.71, up 20.14 percent compared with October 2017 ($2,765,731.12); • Harlingen: $2,022,327.17, up 3.67 percent compared with October 2017 ($1,950,730.56);
• Edinburg: $2,007,037.14, up 23.54 percent compared with October 2017 ($1,624,490.61);• Pharr: $1,633,687.83, up 19.80 percent compared with October 2017 ($1,363,639.30); • Mission: $1,375,841.66, up 23.75 percent compared with October 2017 ($1,111,735.70); and • Weslaco: $1,051,260.22, up 18.60 percent compared with October 2017 ($886,379.30). For details on local sales taxes generated in October 2018 by individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports. Wow. Look at Harlingen vs. Edinburg in October. Just $15,000 separate the two! Wow. Go Edinburg! |
|
|
|
Post by Minion on Dec 27, 2018 15:20:11 GMT -6
Wow. Look at Harlingen vs. Edinburg in October. Just $15,000 separate the two! Wow. Go Edinburg! Right? What's changed since last year for Edinburg to take such a huge jump? Shopping patterns are changing. People aren't going to McAllen to shop as much anymore (even though they also had an increase)? People are shopping within their own city? I don't think any new places have opened up since last year in Edinburg? |
|
|
|
Post by mrpib on Dec 27, 2018 18:06:33 GMT -6
Right? What's changed since last year for Edinburg to take such a huge jump? Shopping patterns are changing. People aren't going to McAllen to shop as much anymore (even though they also had an increase)? People are shopping within their own city? I don't think any new places have opened up since last year in Edinburg? Well the arena opened up. Had the first event on the last day of august. Just about all of the events happened in October and November. I would expect a big jump in the November numbers too. Last years was only at 1,652,449. |
|
|
|
Post by Minion on Dec 28, 2018 9:17:55 GMT -6
Right? What's changed since last year for Edinburg to take such a huge jump? Shopping patterns are changing. People aren't going to McAllen to shop as much anymore (even though they also had an increase)? People are shopping within their own city? I don't think any new places have opened up since last year in Edinburg? Well the arena opened up. Had the first event on the last day of august. Just about all of the events happened in October and November. I would expect a big jump in the November numbers too. Last years was only at 1,652,449. Do you really think the Arena brought in that much extra sales tax? Almost $400,000? I don't. They only had FOUR acts in October - J Balvin, Alejandro Fernandez, George Lopez & Romeo Santos. And not all were sold out. No way was that $400,000 including concessions. If that was the case, Hidalgo would have been raking in the $$ for years. (They're not). If it was just people shopping, that's a huge jump. And yeah, you'll see a big jump for November too if sales holds up. That'll be interesting to see. |
|
