Rusk County sales tax revenue for the start of 2021 shows a sustained increase from last year’s growth throughout most of the county.
Overton registered the highest increase in sales tax payments for the start of 2021 with $25,912 over last year’s $24,744, for a 4.71% increase. With city officials working diligently to make their way out of the city’s ongoing financial struggle, the upswing in sales tax revenue could be a sign of positive things to come.
Mt. Enterprise kicked off the new year with sales tax increases 2.34% higher than comparable totals from 2020. This period’s net payment came in at $17,245 over last year’s $16,850. Upgrades and additions within the city’s retail sector appear to have set a precedent as more new businesses are cropping up within the city limits.
From a net payment of $443,373 reported last year at this time, Henderson climbed to $450,952 for a 1.70% increase.
Reklaw, the smallest municipality within the county, showed a mild decrease in sales tax as January’s payments stood at $948 compared to last year’s $952, presenting a .51% drop.
Tatum sales tax payments took a step back from their exceptional growth at the end of 2020. This year’s early totals came in at $27,658, a 24.47% decrease in revenue. The city’s year to date payment dropped to $20,887.
Rusk County as a whole is recording a small but notable increase, with January’s year to date totals at $515,945 over last year’s $513,578.
Some surrounding cities are struggling to rebound from 2020. Longview continues to report another decrease with another nearly 4.72% drop in the year to date sales tax payments coming in at $2,616,476 compared to last year’s $2,746,134. Kilgore’s new year total was drastically lower, with a total of $464,201 compared to the previous year’s $619,186, a more than 25% loss. Tyler’s tax revenues continue to grow with a 7.42% increase with a year to date payment total of $3,670,114.