Valley Central
HARLINGEN, Texas — The Texas Comptroller’s Office on Wednesday released sales tax allocation numbers for the month of May.
The numbers show a snapshot of where consumer spending was the strongest across the Rio Grande Valley last month.
The allocations are based on sales taxes collected by businesses and may help indicate present and future economic trends.
May leadersAccording to the data, McAllen led sales in the Valley, getting more than $8.5 million back from the state for May. That represents a 12.93% increase compared to May of last year.
Rounding out the top five cities for May are Brownsville, Edinburg, Harlingen, and Pharr. However, three of the top five earners also appeared on the list of cities that earned less than the same time last year. McAllen and Pharr are the only two cities that saw growth in the same time period.
HARLINGEN, Texas — The Texas Comptroller’s Office on Wednesday released sales tax allocation numbers for the month of May.
The numbers show a snapshot of where consumer spending was the strongest across the Rio Grande Valley last month.
The allocations are based on sales taxes collected by businesses and may help indicate present and future economic trends.
Rounding out the top five cities for May are Brownsville, Edinburg, Harlingen, and Pharr. However, three of the top five earners also appeared on the list of cities that earned less than the same time last year. McAllen and Pharr are the only two cities that saw growth in the same time period.
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2 comments:
At this point it’s a population equation. More people in Hidalgo county, more purchases. Brownsville only feeds Brownsville, we are not relying on people from other places to support our local economy. Don’t forget McAllen is a feeder city who heavily relies on their surrounding areas and Mexico as well. Apples to apples, oranges to oranges.
This correlates with the high debt to income ratio that Hidalgo county has. One of the highest in the state. People seem to prioritize shopping there and trading in their vehicles over anything.
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