Longview, TX — Sales tax revenues going into Longview’s city coffers got the new fiscal year off to an upbeat start this week with the city posting nearly an 8 percent jump compared to a year ago.
Longview’s share of sales tax revenue collected in August, reported to the state in September with the city’s portion disbursed in October, is $2.381 million, up 7.97 percent from the $2.205 million the city received a year ago.
The sales tax revenue figure represents the first month of the city’s new fiscal year beginning Oct. 1.
“It is encouraging to start a new fiscal year on a positive note with an increase in sales tax collections,” said city spokesman Shawn Hara. “It's also good news that the sales tax collections for this month exceed the original forecasts within the budget.”
Hara said the city conservatively budgeted a 2 percent increase in sales tax collections for the year.
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