Sales tax numbers add up to bad news in Lubbock - KCBD NewsChannel 11 Lubbock

3/13/09

Sales tax numbers add up to bad news in Lubbock

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LUBBOCK, TX (KCBD) - Newschannel 11 has good news and bad news on the Lubbock economy. 

The good news is LEDA and Lubbock National Bank released their report this morning showing that Lubbock is holding steady at a time when many cities suffer from an ongoing recession. 

The bad news is that right after the report was released, the state comptroller released her most recent sales tax figures.  It shows that many communities on the South Plains have lower sales tax payments for March 2009 as compared with March of last year.  Lubbock is down a little less than half a percent.

Abernathy

-9.25%

Brownfield

1.72%

Crosbyton

-5.16%

Floydada

0.58%

Idalou

24.69%

Lamesa

-11.16%

Levelland

-0.16%

Littlefield

-7.31%

Lubbock

-0.44%

New Deal

32.14%

Plainview

2.35%

Post

-3.31%

Ralls

-7.33%

Shallowater

15.31%

Slaton

9.12%

Tahoka

-5.36%

Wolfforth

38.71%

 

3/13/09
National economy hits Lubbock
There is good news and bad news for Lubbock's economy. Numbers released Friday indicate the city's economy is declining, but we're still in better shape than other parts of the state. NewsChannel 11's Ann Wyatt Little has the news on the numbers.