Moderate gains highlight monthly sales tax report

Texas State Comptroller Glenn Hegar released the state’s most recent monthly sales tax revenue figures recently, indicating that three out of six county cities had collected more revenues when comparing October 2016 figures with those posted for the same calendar month in 2015.

Canton finished as the county’s biggest gainer for the month, collecting $13,714.08 more than the $257,984.67 collected in October 2015.

The city of Wills Point bounced back from a marginal loss last month, .29 percent, to post the biggest percentage gain of any county city for the month, 12.69 percent. Wills Point received a payment of $93,362.10 for the month, up $10,511.10 from the $82,851 collected last year over the same time period.

Grand Saline, which had been the county’s biggest gainer in dollar figure and percentage change in September, also saw modest gains for the month by seeing an increase in of $1,287.95 for the month.

Edom narrowly finished on the wrong end of the ledger, seeing a drop of just $63.63 (5.01 percent) when comparing October 2016 for the same calendar month in 2015.

To read the full article, subscribe to the Canton Herald or pick up a copy from one of our vendors.