Texas

City’s sales tax revenue falls by the start of the fiscal year

The City of Greenville has experienced a slight decline in sales tax revenue at the start of the calendar year.

Greenville has seen both hits and misses on the business front in 2022, but is likely to have some highlights as 2023 rolls around.

A report released Wednesday by Texas State Comptroller Glenn Hegar indicated that Greenville will receive $962,766 in tax revenue this month, down about $15,000, or 1.58%, from the $978,270 collected by the city. in January 2021.

Several businesses closed in Greenville in 2022, but others have reopened their doors.

In 2022, Greenville lost the popular Grubb’s Food For The Soul but welcomed several new establishments, including Billito’s Italian at 4805 Moulton St.

In addition, a new McDonald’s opened near the intersection of Wesley Street and Interstate 30 in late 2022. Owner of a new restaurant and existing McDonald’s at 4705 Moulton St.

In addition, construction began on a planned visitor center on the eastern edge of Greenville. The Roadster Travel Center will be located at 3000 Interstate 30 East, next to the Lamar Street overpass.

It is expected to include a convenience store, a new International House of Pancakes (IHOP) and a new Sonic Drive-In at the other end of the same building. Fuel pumps will be located at the front for travelers, while truck pumps will be at the rear, along with cargo scales and a seating area.

There is no information about the planned opening of the center yet.

Hegar said his office will send cities, counties, transportation systems and special purpose areas in Texas $1.07 billion in local sales tax for January, up 7.6% from January 2022. monthly.

The final numbers for the 2022 holiday season will not be known until next month.

Sales taxes are one of the two main sources of revenue that make up the city’s general fund. In Greenville, a portion of sales tax revenue is also redirected to the 4A Economic Development Corporation.



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