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Edinburg Economy Produced $20.9+M In Local Sales

During the last 12 months, Edinburg’s retail economy continued its strong performance, generating more than $20.9 million in local sales taxes from November 2016 through October 2017. This compares with the $21,171,250.82 collected during the previous 12 month period, a decrease of 1.11 percent.

The amount of local sales taxes collected helps reflect the strength of an economy, along with construction activities, per capita income, education, historical performances, and related trends.

The sales tax, formally known as the State Sales and Use Tax, is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. The local sales tax is also used in Edinburg to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city.

In terms of local sales tax revenue for the month of October 2017, McAllen led all major Valley cities with$4,390,341.47, while Brownsville was second, ($2,765,731.12), Harlingen was third ($1,950,730.56), and Edinburg was fourth ($1,624,490.61).

All figures are based on sales made in October 2017 by businesses that report tax monthly, according to the Texas Comptroller of Public Accounts.

The local sales tax data is among the latest economic barometers featured in a detailed summary provided by the state comptroller’s office.

Based on the amount of sales taxes generated, according to the state comptroller’s office, the Valley’s major cities ranked accordingly in the following local sales tax figures:

October 2017 compared with October 2016

• McAllen: $4,390,341.47, up 3.18 percent compared with October 2016 ($4,254,734.05);

• Brownsville: $2,765,731.12, up 1.73 percent compared with October 2016 ($2,718,614.17);

• Harlingen: $1,950,730.56, up 14.57 percent compared with October 2016 ($1,702,513.47);

• Edinburg: $1,624,490.61, down 1.22 percent compared with October 2016 ($1,644,571.30);

• Pharr: $1,363,639.30, down 1.17 percent compared with October 2016 ($1,379,834.21);

• Mission: $1,111,735.70, down 5.45 percent compared with October 2016 ($1,175,858.75); and

• Weslaco: $886,379.30, up 0.51 percent compared with October 2016 ($881,823.37).

From November 2016 through October 2017, based on the amount of sales taxes generated, compared with November 2015 through October 2016, the Valley’s major cities ranked accordingly in the following local sales tax figures:

• McAllen: $58,616,964.88, from November 2016 through October 2017, down 2.48 percent compared with November 2015 through October 2016 ($60,112,579.67);

• Brownsville: $36,383,169.53, from November 2016 through October 2017, down 1.49 percent compared with November 2015 through October 2016 ($36,934,743.53);

• Harlingen: $24,007,367.90, from November 2016 through October 2017, up 6.42 percent compared with November 2015 through October 2016 ($22,558,061.64);

• Edinburg: $20,934,767.43, from November 2016 through October 2017, down 1.11 percent compared with November 2015 through October 2016 ($21,171,250.82);

• Pharr: $17,065,314.64, from November 2016 through October 2017, up 1.25 percent compared with November 2015 through October 2016 ($16,853,720.68);

• Mission: $14,693,032.70, from November 2016 through October 2017, down 2.88 percent compared with November 2015 through October 2016 ($15,128,819.81); and

• Weslaco: $11,950,056.95, from November 2016 through October 2017, up 2.31 percent compared with November 2015 through October 2016 ($11,679,765.20).

The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda, Ph.D. as Members.

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