Comptroller announces monthly sales tax revenues
Van Zandt County cities enjoyed a solid month of sales tax revenue collections for the month of November with four out of six cities, Edgewood, Edom, Grand Saline and Van, all showing growth according to the office of Texas State Comptroller Glenn Hegar
Number for Canton and Wills Point were less positive with each seeing collection figures dip when comparing November 2018 with the same calendar month of the previous year.
The city of Van enjoyed another stellar month, extending its streak of leading county cities in positive dollar growth to three consecutive months by collecting $78,736.49. That total was $13,779.10 higher than the city’s November 2017 payment.
Edgewood, which has also seen the best yearly growth of any county city in terms of percentage change, collected a payment of $34,331.93 for the month. That total was an improvement of $8,913.75 or 35.07 percent overall.
Grand Saline finished third overall locally in largest positive dollar change for the month by receiving a payment that was $1,972.88 more than the $57,004.67 in took in from the comptroller’s office at the same time last year.
The city of Edom also had reason to celebrate in November seeing sales tax collections climb a county-best 60.16 percent from a payment of $1,912.44 last year at this time to $3,062.95.
The city of Wills Point saw the biggest drop of any county city in terms of percentage change, watching collections drop 7.12 percent from $92,358.41 to $84,781.04.
Canton also saw collection figures drop during the month, receiving a payment of $316,758.95. That total was $6,848.48 less than the $323,607.43 received during the same calendar month in 2017.
Van Zandt County cities finished the month of November up a combined $12,390.39in sales tax revenue collections.
Van, up $59,970.59, Edgewood, up $52,185.67, Canton, up $33,473.65, Grand Saline, up $14,209.63, and Edom, up $3,631.18, are all ahead of their 2017 pace through 11 months.
Wills Point remains the only county city behind its 2017 pace currently seeing a negative dollar change of $16,863.69 for the year.
In his press release, Hegar stated that his office would send, “send cities, counties, transit systems and special purpose taxing districts $817 million in local sales tax allocations for November, 5.4 percent more than in November 2017. These allocations are based on sales made in September by businesses that report tax monthly, and sales made in July, August and September by quarterly filers.”