Local merchants had a busy July, reporting boosts in sales tax revenue they received.
However, it was not enough to overcome a deficit in the amount of sales so far this year, when compared through the same point in 2018, according to a report issued Wednesday by the Texas Comptroller’s Office.
The City of Greenville was to receive a September sales tax payment of $682,976.74 representing an increase of 4.6 percent from the $652,901.99 collected in September of last year.
Greenville received a little more than $510,00 in sales tax rebate revenue during July 2016.
The September payments represent the city’s portion of sales taxes collected at Greenville businesses in July and reported to the Comptroller’s office in August.
Sales taxes are one of the two main sources of revenue, along with property taxes, which feed the city’s general fund. A rededication of a percentage of the sales tax revenue goes toward the 4A economic development corporation.
So far this fiscal year, the City of Greenville has received almost $6,062.007.04 in sales tax rebate revenue, down 1.2 percent from the $6,135,923.86 received through the same point one year ago.