City sales tax collection continuing to trend upward

City sales tax collection continuing to trend upward
Wednesday, November 10, 2010 - 4:12pm

From the City of Tyler:

TYLER -- Information from the Texas Comptroller indicates that City of Tyler sales tax revenues deposited for the month of November have increased 3.17 percent as compared to the same period in 2009. Fiscal year-to-date revenue is up 6.59 percent over the same period in the prior year.

The reported revenue of $3,164,191.42 is comprised of $2,109,460.95 general sales tax revenue and $1,054,730.47 half-cent sales tax revenue. The figures represent receipts from September 2010 collections, as there is a two-month period before revenue is reported.

"This is the third consecutive month that we have seen an increase in our sales tax collections over the prior fiscal year," said City Manager Mark McDaniel. "We are remaining very cautious and holding the line on expenditures; however, we are certainly seeing a marked improvement in the local economy."

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