EDINBURG – Figures for Edinburg’s retail economy in April makes it the sixth straight month for positive growth in the city, according to the State Comptroller of Public Accounts.
Edinburg’s retail economy in April 2011, as measured by the amount of local and state sales taxes, was up 5.08 percent over the same month last year, according to the Office of the Comptroller, which released the latest numbers last week.
Edinburg’s retail economy generated $1. 2 million in local sales taxes, compared with $1.12 million in local sales taxes reported in April 2010.
For the first four months of 2011, Edinburg’s retail economy is performing 12.39 percent better than the same period in 2010, according to city figures.
Local and state sales taxes generated on retail sales in April 2011 were reported to the state comptroller’s office in May. The Comptroller’s office sent back the local sales tax portion – called a rebate – to the cities in which the retail sales were made on Friday, June 10. The Comptroller’s July sales tax report – which will represent sales taxes generated in May – will be made on Monday, July 11.
“Spending in sectors such as the oil and gas industry and manufacturing helped increase state sales tax revenue,” said Combs, speaking on a statewide level. “Retail spending also grew. Texas has now had 14 straight months of sales tax revenue increases.”
On Friday, Combs will send cities, counties, transit systems and special purpose taxing districts $468.7 million in local sales tax allocations, up 7.2 percent compared to the revenue generated last April.
In June, Combs will be delivering April 2011 sales tax allocations of $311.8 million to Texas cities, up 6.6 percent compared to April 2010. So far this calendar year, city sales tax allocations are up 6.3 percent compared to the same time period last year.
Texas counties will receive sales tax payments of $30.3 million, up 13.6 percent compared to the revenue generated through April 2010. So far this year, sales tax allocations to counties are up 12.8 percent compared to 2010.
In addition, $21 million goes out to 179 special purpose taxing districts around the state, up 13.1 percent compared to a year ago. Ten local transit systems will receive $105.3 million in sales tax allocations, up 6.2 percent compared to the previous year.
Retail activity in Edinburg since November:
The April 2011 sales tax activities report for Edinburg also represents the sixth consecutive month that the city’s retail sector reported sales higher than the same month the previous year, said Pedro Salazar, the executive director for the Edinburg Economic Development Corporation.
In March 2011, Edinburg’s retail economy generated $1.7 million in local sales taxes, compared with $1.4 million in local sales taxes reported in March 2010 – an improvement of 17.28 percent.
In February 2011, Edinburg’s retail economy generated $1.1 million in local sales taxes, compared with $ 1 million in local sales taxes reported in February 2010, reflecting a 5.46 percent improvement.
In January 2011, Edinburg’s retail economy generated $1,313,889.30 in local sales taxes, compared with $1,079,226.86 in local sales taxes reported in January 2010 – a 21.74 percent improvement.
In December 2010 – the crucial holiday shopping period – Edinburg set a record for the amount of local monthly sales taxes collected – $1.7 million – which was an 11.2 percent improvement over the same month in 2009, when $1.5 in local sales taxes were collected, according to the state comptroller’s office.
In November 2010, Edinburg’s retail economy generated $1,137,280.35 in local sales taxes, compared with $1,035,902.80 in local sales taxes reported in November 2000 – for about a 10 percent improvement.