Tyler Sales Tax Revenues Continue Upward

TYLER — Tyler sales tax revenues deposited for the month of November have increased 3.17% as compared to the same period in 2009. According to the Texas Comptroller fiscal year-to-date revenue is up 6.59% over the same period in the prior year.

The reported revenue of $3,164,191.42 is comprised of $2,109,460.95 general sales tax revenue and $1,054,730.47 half-cent sales tax revenue. The figures represent receipts from September 2010 collections, as there is a two-month period before revenue is reported.

“This is the third consecutive month that we have seen an increase in our sales tax collections over the prior fiscal year,” said City Manager Mark McDaniel. “We are remaining very cautious and holding the line on expenditures; however, we are certainly seeing a marked improvement in the local economy.”