According to the State Comptroller’s September, 2014 report, Texas had a great close to its fiscal year with a total of $27.27 billion in sales tax collections. This was a 5.5 % increase over last year’s $25.82 billion in collections.
The cities of Atascosa County did their state proud by following suit and each increasing sales and tax revenue for 2014. Charlotte had the largest annual gain of 41.80% increasing its paycheck from $272,937 to $387,036. Jourdanton saw a 17.87% increase bringing in $918,850 over last year’s $779,491. Overall Pleasanton collected the most annual income with a total of $5,165,807 for a 12.37% increase over 2013’s.
Sales tax collections are considered an important barometer of economic health because they show how much activity there is in local businesses. Comptroller Combs said that Texas’ latest numbers were a reflection of economic activity in July. She gave credit to producers of oil and natural gas as well as retail and wholesale businesses for the increase.