Posted by Michael Hetrick
Released by Susan Guthrie with City of Tyler:
Information from the Texas Comptroller indicates that the City of Tyler sales tax revenues have decreased 3.36 percent year-to-date as compared to 2008. Current period sales tax revenues have declined 13.12 percent, which is the largest drop in recent history.
"The latest figure now puts Tyler at $1.7 million short of our budget in the current year before year-end accruals," said City Manager Mark McDaniel. "The cost control measures we put in place months ago and conservative budgeting for next year are now clearly paying off."
The average statewide sales tax revenues declined 12.16 percent. Other east Texas cities reported mixed results for the current period with Lufkin decreasing 3.42 percent; Lindale decreasing 13.84 percent and Longview's reported revenues declining 17.33 percent.
The reported revenue of $2,538,535.47 is comprised of $1,692,356.98 general sales tax revenue and $846,178.49 half-cent sales tax revenue. The figures represent receipts from July collections, as there is a two month period before revenue is reported.