Multiple restaurants are opening or are planned across downtown Greenville, even as the city is still falling behind the amount of revenue it collected last year from the sales generated by local merchants.
The Los Quates Mexican Restaurant recently opened at 2929 Lee Street, at the corner of King Street, while Mac’s American Grille at 2501 Johnson Street, inside the former Killian’s Home Furnishings building at the corner of Johnson and Lee streets, is scheduled to open this month.
The DayStar Coffee & Bakery is preparing to open soon at 2518 Lee Street, while there is talk the Empty Glass Saloon and Steakhouse is being planned for 2808 Lee Street.
All this is in the works, while the City of Greenville enjoyed a hefty increase in sales tax rebate revenue this month, according to a report issued Wednesday by the Texas Comptroller’s Office.
The city’s collections for the current fiscal year remain just below the totals seen during the same point in 2018.
The comptroller’s office announced Wednesday the City of Greenville would receive $658,188.43 in sales tax rebate revenue this month, up 7 percent from the $615,125.02 received during October of last year. The city collected a monthly record of $679,533.54 during October, 2017.
That previous monthly record was a 17.55 percent increase from the $527,555.79 collected in Oct. 2015.
The figures represent sales taxes collected at Greenville retailers in August and reported to the Comptroller’s office in September.
So far this fiscal year, the city has taken in a little more than $6.72 million in sales tax rebate revenue, about the same as in 20176, but 45-hundredths of a percent blow the record of $6.75 million received through October, 2018.
Sales taxes are one of two main sources of revenue which feed the city’s general fund, with the other being property taxes.
A portion of the sales tax revenue collected by the City of Greenville is rededicated toward the 4A economic development corporation.