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Posted on 01/16/2012 12:39:44 PM PST by Cincinatus' Wife
Austin to get $11.7M in sales tax revenue
Austin will collect $11.7 million in sales tax revenue from the state this month for sales that took place in November, up 6.2 percent from the same period last year, according to data released by Texas Comptroller Susan Combs.
State sales tax revenue was $1.98 billion, up 9.5 percent compared to November 2010 sales.
“Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 21 consecutive months,” Combs said.
Sales taxes from retail trade and restaurant activity continue to improve and tax revenue from the oil and natural gas sector are also helping to lift overall collections, Combs said.
In Central Texas, Bastrop saw the greatest increase in sales tax revenue. The community will receive $390,000 in sales tax revenue, an increase of 24 percent from last year.
Round Rock’s jumped 17 percent to $5.3 million, while Cedar Park and Pflugerville increased 10 percent to $1.1 million and $455,000, respectively.
Both Manor and Georgetown saw a decrease of about 4 percent in sales tax collections.
This is mainly for two reasons: Computer tech companies continue to come to the Austin area...
We have a young and highly educated workforce and Austin has amenities such as good weather, a great natural environment and an outstanding nightlife, all of which attract highly educated young people who are likely not to have kids and are not a drag on the taxpayer.
When I recruit employees to work in Austin, I will show them the hill country, the lakes, Barton Springs, the greenbelt and downtown Austin at night.
In Austin, we can offer prospective employees 25%-33%less than they would in other cities and they take the job because they love Austin.
The quality of life here is one of the best in the country.
On the Democrat ticket!
BUMP!
Stephen Colbert is polling at 5% in S. Carolina. Lee could probably do that well.
All it proves is 5% of polled people are not the brightest of people polled.
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The candidate from PA is a big government big spender...NOT a conservative!
I guess you don't understand that.
....”Rick Perry had the best night of anyone besides Newt. He must enjoy the home cooking in a Southern primary, or in honor of his g-dropping comfort, maybe I should say home cookin’.”....
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