Mineral Wells Index, Mineral Wells, TX

Local News

October 30, 2009

Sales tax receipts remain sharply down

From Staff Reports

Back-to-school spending failed to improve local retail sales, based on tax revenue allocations this month.

Sales tax disbursements in October showed that retail spending in August was still down compared to August 2008.

The City of Mineral Wells, with a levy of 1.5 percent on taxable retail sales, saw an October sales tax check nearly 33 percent below its October 2008 check with its total receipts since Jan. 1 down nearly $1 million, compared to the same period a year ago.

The cities of Millsap. Mingus and Strawn as well as Palo Pinto County also saw sharply lower October sales tax revenue checks. However, collections in Gordon and Graford remain above 2008 levels.

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