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Jul 21 2011

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LV sales tax sees ups and downs

By MARTHA McCLAIN
Special to the PRESS

Laguna Vista is seeing a 43.08 percent increase in its sales tax figures this month, thanks to the new Stripes convenience store on High­way 100 that opened its doors here earlier this year.

However, neighboring Port Isabel’s sales tax dipped by 8.12 percent, and South Padre’s was off by 1.66 per­cent in the month of July.

Since having the new busi­ness open this Spring, the Town of Laguna Vista has enjoyed increasingly higher revenues from the sales tax collected by the Texas Comptroller’s Office. In July, the town netted $10,591.47, up from last year, when rev­enues were $7,402.29.

The total allocations for July reflect sales activity that occurred in May and which were reported to the state comptroller‘s office in June.

To see this story in print, pick up a copy of the July 21 edition of the Port Isabel South Padre Press or check out our E-edition by clicking here.

 

Permanent link to this article: http://portisabelsouthpadre.com/2011/07/21/lv-sales-tax-sees-ups-and-downs/

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