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Sales tax allocations for City show positive retail gains

The city of Post’s July sales tax rebate is 26 percent above the same period last year according to figures released by the Texas Comptroller office.

July’s allocation represents May retail sales of $76,084.

June’s rebate showed similarly favorable trend that might be tied to stimulus checks. As the economy recovers from COVID, it is hard to predict what will happen in the next few months.  Hopefully, the increase of travelers through the city will help with the June and July retail sales.

To date the city has received $562,918 in tax allocations for 2021 a 6 percent gain over the same period last year.

Statewide figures also saw gains with net payments of $575.2 million for July, an increase of 19% over the prior year.  Year-to-date payments for municipalities are up 12 percent statewide.

For more on this story, read The Post Dispatch this week, or subscribe to the pdf version online.  ©Copyright 2021 The Post Dispatch 

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