Collection of sales taxes by the City or Rio Grande City in the just-completed fiscal year reached almost$6 million surpassing the previous year’s revenue deposits by more than 11%.
Totals reported by the Texas Comptroller of Public Accounts represented receipts by the state during the period from October 1, 2022, to September 30, 2023.
The city took in $596,911.01 more in tax revenue than in the prior fiscal year. The City's latest total sales tax earnings were $5,759,733.70.
The City's sales tax revenue hit an all-time high in August of this year at $643,666.12 marking a 35% increase from last August.
"We would like to thank our community for doing their part and shopping locally to help boost the economy of our great City" declared Rio Grande City Mayor Joel Villarreal.
Generally, the City of Rio Grande City utilizes sales tax revenue to fund a variety of services and projects depending on the city’s current needs and priorities such as:
Public safety: Sales tax revenue can be used to fund police and fire departments, and other public safety initiatives.
Infrastructure: Cities can use sales tax revenue to fund infrastructure projects such as road repairs, bridge maintenance, and public transportation.
Parks and recreation: Sales tax revenue can be used to fund parks, playgrounds, sports fields, and other recreational facilities.
Education: Some cities use sales tax revenue to fund public schools or other educational initiatives.
Economic development: Sales tax revenue can be used to attract new businesses to the area or support existing businesses.