Brownwood sales tax up compared to this time last year
Updated On: Jan 10 2014 12:39:01 PM CST
Data recently released reveals that sales tax allocations for Brownwood was up about 2.66% compared to January of last year.
Brownwood Director of Finance Walter Middleton said there was not much change between 2012-2013, so this is a sign of a positive growth in the city's economy.
"The three months of the current fiscal year--that represents about a $70,000 growth to the city budget," Middleton said. "New establishments and restaurants always help."
He said the expansion of Commerce Square is proof the Brownwood economy is growing. One of the newest establishments in that center is Buffalo Wild Wings.
"We wouldn't have a business without our customers," the restaurant's assistant general manager Kyle Miller said. "Being in Brownwood has been great. We've had a good turnout."
"For our community, it's positive because that means more people are out spending money. They're perhaps buying more into retail establishments and going out to the restaurants a little more," Middleton said.
Middleton said having a surplus will come in handy to continue providing city services. It can help buffer shortfalls in other revenue sources, such as water usage charges.
The city of Early was up 7.44%. The city of Bangs was up 4.33%, and the city of Blanket was up 16.99%.
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