Upward trend in Lubbock sales tax revenue - FOX34 Lubbock

Upward trend in Lubbock sales tax revenue

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There was a 2.38 percent increase in sales tax revenue generated in Lubbock in May compared to the same time last year.

The comptroller's latest report shows the allocation for July at $6,040,834.41. The payment sent to Lubbock in July 2019 was $5,900,078.55.

The payment to Lubbock County of $2,195,098.97 is 5.58 percent higher than the payment a year ago.

This latest report is for sales made in May at businesses that report taxes monthly. Statewide Comptroller Hegar's office will send $744.2 million to local cities, counties, transit systems and special purpose taxing districts. This is 2.6 percent lower than the payment sent in July 2019.

Most social distancing requirements were relaxed across the state in May, leading to an increase in business.

Click here - for a look at the 20 largest cities in Texas. Arlington, El Paso, Irving, McKinney and Grand Prairie were the others on this list reporting increases this month. The steepest decline of the top 20 is Odessa, with 35.93 percent lower sales tax revenue received this month than July 2019's payment.

In May the comptroller's office reported a 9.3 percent drop in statewide sales tax revenue compared to the year prior, the largest drop since 2010. This was for March sales. That was followed by an even greater year-to-year drop of 11.7 percent in June, for April sales.

Lubbock is also pacing ahead of 2019 for its year-to-date allocation. So far this year the city has received $43,970,766.27 in sales tax revenue, 1.85 percent higher than 2019's revenue of $43,171,465.32 through this part of the year. Lubbock County's year-to-date revenue is up 3.05 percent compared to 2019. 

Click here - to search data by county
Click here - to for the comptroller's website with much more data

 

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