City sales tax collections decline

Posted by Ellen Krafve - email

Released by Susan Guthrie with the City of Tyler Communications Office:

TYLER, TX (KLTV) - Information from the Texas Comptroller indicates that the City of Tyler current period sales tax revenues have decreased 10 percent as compared to this period in 2008. Year-to-date sales tax revenues have declined 1 percent for the current fiscal year.

The reported revenue of $ 3,294,692.31 is comprised of $2,196,461.54 general sales tax revenue and $1,098,230.77 half-cent sales tax revenue. The figures represent receipts from March collections, as there is a two month period before revenue is reported.

"We are continuing to watch sales tax revenues closely and are adjusting expenditures as needed," said City Manager Mark McDaniel. "To ensure the City is able to meet our budget, we have taken several steps to cut costs."