Sales taxes indicate local stores enjoying higher sales - KCBD NewsChannel 11 Lubbock

Sales taxes indicate local stores enjoying higher sales

LUBBOCK, TX (KCBD) -

Lubbock sales tax receipts are up 6.2% for the January allocations, according to the Texas Comptroller.  In a statement released Wednesday morning, the Comptroller says Lubbock will be paid $4.1 million in sales taxes, as compared with just under $3.9 million at this same time last year.   The Comptroller says Lubbock County will be paid just under $1.4 million, which is up 4.4% from last year.

Sales tax collections are an important indicator of economic health because it shows whether or not consumers are spending in local businesses.

Looking around the region, Brownfield is up 11.4%; Floydada is up 4.2%; Levelland is 3.4%; Littlefield is up 31.2%; Plainview is down 5.7%; Post is up 27.1%; Ralls is down 5.9%; and Tahoka is up 5.4%.

On the whole, statewide sales tax collections are up 9.1%, and collections by Texas cities are up by an average 8.3%. 

Copyright 2012 KCBD NewsChannel 11

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