Alcohol sales could be reason behind boost in sales tax revenue - KYTX CBS 19 Tyler Longview News Weather Sports

Alcohol sales could be reason behind boost in sales tax revenue

Posted: Updated:

Tyler, TX (KYTX) -- Beer and wine just started hitting Smith county store shelves in December, and January numbers from the Texas Comptroller's office are out and show some cities are enjoying higher sales tax figures. 

"The latest figures show we are up 8% compared to the same period last year, and year-to- date we're up 3% for the year," Keidric Tremble, Chief Financial Officer for the City of Tyler, said.

But while the jump is expected to be in the retail sector, they won't know details for another 3 weeks.

"This month did exceed our expectations, however we aren't sure if it's related to beer and wine sales," Tremble said.

Noonday is also seeing a pretty substantial jump between this year and last. "Considering a high month of sales tax for us is $7500, and this past month it was $10,000," Mike Turman, Mayor of Noonday, said.

Turman doesn't mind saying beer and wine sales now at two businesses, have made the difference. 

"It has helped us quite a bit. $2500 to us is quite a bit of money," Turman said.

That result for the City of Winona is a decrease of 30 percent in sales tax revenue. When we interviewed Mayor Rusty Smith in November of 2012, he was bracing for the impact.

"As disappointed as I am in losing the revenue, I also see it as a good thing for Tyler," Smith had said.

Powered by WorldNow

2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.