City leaders are touting a significant increase in retail sales tax figures over the course of one year, according to the Texas Comptroller of Public Accounts.
Edinburg's retail economy is up 26 percent for June, according to the Comptroller, which released its figures last week. With more than $1.6 million in local sales tax produced in June, the city is looking at its eighth consecutive month of improvement over 2010 numbers.
"We hear about other communities that are having to look at different things, such as raising property taxes because of the drop in their local sales taxes," said mayor Richard Garcia at the official ribbon cutting for MAXIMUS, which is set to hire 400 local residents for its new call center by the end of 2012.
"We are very fortunate to be the one community that is leading the charge in growing a record pace, compared to other cities with economic woes right now," García said.
The city's latest economic barometer also was better than the statewide average of 10.3 percent, and better than the 7.84 percent average of all cities in Hidalgo County.
McAllen, the retail sales leader for the Valley, showed a 1.65 percent improvement in June compared with the same month in 2010, while Brownsville - which has the most population of all Valley cities - reported a 2.67 percent jump in retail sales activities for June 2011 compared with June 2010, according to the Comptroller.
Harlingen, which is ranked fourth in city population in the Valley behind Brownsville, McAllen, and Edinburg, respectively, was up six percent in June 2011 over the same month last year.
Among the other larger communities in Hidalgo County, Pharr showed a 7.68 percent improvement, Mission reported a 9.61 percent increase, while Weslaco was up 11.32 percent in June 2011 compared with June 2010.
"This latest state findings about our growing retail economy allows the EEDC to reinvest our local economic development sales tax revenue into major projects and public policies," said EDC interim executive director Nelda Ramírez. "In conjunction with the Edinburg City Council and other top city leaders...are designed to continue building a prosperous city and improving the quality-of-life for all our citizens."
For details of June sales tax revenue and the rebates from that month sent in August to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller's Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
The Comptroller's next sales tax allocation will be made in September.