City and Metro sales tax revenue up four percent again
It is sales tax-reporting time:
As part of the July disbursement of sales tax allocations, Houston received $36.3 million, up from $34.85 million a year ago -- a 4.1 percent increase. But Sugar Land saw its allocation fall by 1.67 percent to $2.8 million from $2.84 million last time.
Very disappointing, folks! I thought last month's four percent increase was an aberration. After all, we've seen much more robust performances; for example, April was a fine month, with a thirteen percent increase for the City of Houston.
And what's up with you Sugar Landers (Landians?), anyway? No wonder your city is having to install red light cameras to drum up some revenue.
According to this handy link HBJ provided, we can see that Metro's allocation was also a paltry four percent. Shoot. These days Metro really needs to stockpile funds for new rail lines. Thankfully, back-to-school spending is right around the corner, except that some people will insist on taking advantage of the sales tax holiday weekend (which this year includes backpacks -- woo!).
Posted by Anne Linehan @ 07/17/07 02:56 PM | Print |
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