Sales tax revenue in Tyler down - KLTV.com - Tyler, Longview, Jacksonville |ETX News

Sales tax revenue in Tyler down

By Molly Reuter - bio | email

TYLER, TX (KLTV) - Sales tax revenue in the City of Tyler is down from last year.  Information from the Texas Comptroller indicates that the cities current period sales tax revenues have decreased 2.25 percent as compared to this period in 2008.  

Year-to-date sales tax revenues have declined 1.16 percent for the current fiscal year.  This compares to a statewide average of 3.04 percent decrease in revenue collections.  The reported revenue of $ 2,838,846.17 is comprised of $1,892,564.11 general sales tax revenue and $946,282.06 half-cent sales tax revenue.  The figures represent receipts from April collections, as there is a two month period before revenue is reported.

"The City is very fortunate that Tyler's economy is continuing to hold relatively steady, as compared to other communities around the country," said City Manager Mark McDaniel.  "However, we are monitoring our expenditures very closely and making appropriate adjustments to ensure the City is able to meet our budget."

©2009 KLTV. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Powered by Frankly