Data Report: Insights on 2024 Sales Tax Revenues

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Sales Tax Summary and Insights (2023 vs. 2024)

Overview

The overall sales tax collection in 2024 has increased compared to 2023 across most cities in the Rio Grande Valley, indicating moderate economic growth. Key trends observed:

December consistently shows the highest collections, reflecting strong holiday season spending.
March is a common month for declines, likely due to post-holiday spending slowdowns.
Cities exhibit significant double-digit percentage increases in certain months, highlighting seasonal or economic influences.
May and October frequently emerge as peak growth months.
March, June, and August tend to show declines, indicating possible seasonal downturns.

City-Wise Sales Tax Insights

Del Rio

Overall Change: -1.61%
Highest Collection: December ($1,108,235.16)
Lowest Collection: February ($720,879.01)
Largest Increase: December (+22.45%)
Largest Decrease: May (-19.51%)

Eagle Pass

Overall Change: +7.43%
Highest Collection: December ($877,590.29)
Lowest Collection: August ($553,767.18)
Largest Increase: December (+20.85%)
Largest Decrease: August (-10.04%)

Roma

Overall Change: +5.69%
Highest Collection: December ($259,377.92)
Lowest Collection: January ($124,925.05)
Largest Increase: December (+41.62%)
Largest Decrease: February (-32.29%)

Rio Grande City

Overall Change: +6.09%
Highest Collection: December ($710,002.97)
Lowest Collection: January ($448,226.92)
Largest Increase: April (+13.54%)
Largest Decrease: June (-14.82%)
Sullivan City
Overall Change: +5.45%
Highest Collection: December ($25,115.78)
Lowest Collection: February ($20,070.91)
Largest Increase: May (+37.34%)
Largest Decrease: March (-23.91%)

La Joya

Overall Change: +3.54%
Highest Collection: December ($93,001.0)
Lowest Collection: February ($50,142.49)
Largest Increase: November (+20.12%)
Largest Decrease: September (-4.39%)

Penitas

Overall Change: +9.12%
Highest Collection: December ($175,892.58)
Lowest Collection: January ($121,610.28)
Largest Increase: February (+30.13%)
Largest Decrease: December (-26.07%)

Palmhurst

Overall Change: +2.79%
Highest Collection: December ($346,279.67)
Lowest Collection: January ($205,983.27)
Largest Increase: September (+12.14%)
Largest Decrease: May (-3.15%)

Palmview

Overall Change: -1.31%
Highest Collection: December ($248,583.21)
Lowest Collection: January ($170,025.92)
Largest Increase: April (+26.31%)
Largest Decrease: July (-19.1%)

Mission

Overall Change: +8.67%
Highest Collection: December ($3,319,352.41)
Lowest Collection: January ($2,101,060.81)
Largest Increase: February (+41.48%)
Largest Decrease: July (-4.75%)

Hidalgo

Overall Change: +10.27%
Highest Collection: December ($623,995.77)
Lowest Collection: August ($418,227.27)
Largest Increase: July (+45.1%)
Largest Decrease: August (-10.02%)

Alton

Overall Change: +0.95%
Highest Collection: December ($215,397.51)
Lowest Collection: February ($151,920.76)
Largest Increase: December (+24.42%)
Largest Decrease: November (-15.5%)

McAllen

Overall Change: +3.97%
Highest Collection: December ($11,969,775.88)
Lowest Collection: January ($7,043,752.96)
Largest Increase: December (+12.3%)
Largest Decrease: November (-1.73%)

Edinburg

Overall Change: +5.31%
Highest Collection: December ($4,301,670.77)
Lowest Collection: August ($2,867,458.1)
Largest Increase: July (+14.23%)
Largest Decrease: August (-17.1%)

Pharr

Overall Change: +5.04%
Highest Collection: December ($3,254,382.66)
Lowest Collection: February ($2,240,794.55)
Largest Increase: December (+22.87%)
Largest Decrease: August (-10.45%)

San Juan

Overall Change: +7.7%
Highest Collection: December ($793,239.53)
Lowest Collection: January ($505,350.5)
Largest Increase: July (+25.95%)
Largest Decrease: January (-7.65%)

Alamo

Overall Change: -5.1%
Highest Collection: December ($681,852.36)
Lowest Collection: July ($452,818.5)
Largest Increase: November (+8.34%)
Largest Decrease: July (-20.08%)

Donna

Overall Change: +6.53%
Highest Collection: December ($828,175.53)
Lowest Collection: August ($572,886.61)
Largest Increase: July (+15.75%)
Largest Decrease: September (-2.05%)

Elsa

Overall Change: -0.82%
Highest Collection: December ($182,374.96)
Lowest Collection: January ($123,353.83)
Largest Increase: February (+9.87%)
Largest Decrease: June (-7.87%)

Edcouch

Overall Change: +2.71%
Highest Collection: December ($50,136.84)
Lowest Collection: February ($34,063.63)
Largest Increase: April (+17.34%)
Largest Decrease: February (-30.91%)

Weslaco

Overall Change: +5.42%
Highest Collection: December ($2,355,917.13)
Lowest Collection: January ($1,529,436.72)
Largest Increase: December (+19.33%)
Largest Decrease: August (-4.17%)

Progreso

Overall Change: +5.43%
Highest Collection: December ($30,723.96)
Lowest Collection: February ($22,483.69)
Largest Increase: December (+37.21%)
Largest Decrease: March (-26.36%)

Mercedes

Overall Change: +5.23%
Highest Collection: December ($1,270,680.85)
Lowest Collection: February ($630,693.66)
Largest Increase: March (+21.47%)
Largest Decrease: November (-7.28%)

La Feria

Overall Change: +1.97%
Highest Collection: December ($252,094.49)
Lowest Collection: January ($161,428.3)
Largest Increase: February (+19.86%)
Largest Decrease: October (-18.66%)

Combes

Overall Change: -8.67%
Highest Collection: March ($65,825.86)
Lowest Collection: February ($31,446.27)
Largest Increase: August (+14.54%)
Largest Decrease: July (-51.47%)

Rio Hondo

Overall Change: -1.31%
Highest Collection: December ($33,633.05)
Lowest Collection: January ($22,529.39)
Largest Increase: December (+30.02%)
Largest Decrease: March (-30.32%)

Harlingen

Overall Change: +3.94%
Highest Collection: December ($4,163,811.59)
Lowest Collection: January ($2,568,188.84)
Largest Increase: December (+16.07%)
Largest Decrease: June (-5.2%)

San Benito

Overall Change: +1.91%
Highest Collection: December ($732,476.4)
Lowest Collection: November ($579,576.37)
Largest Increase: April (+16.99%)
Largest Decrease: August (-9.54%)

Los Fresnos

Overall Change: +1.9%
Highest Collection: December ($308,545.06)
Lowest Collection: January ($177,249.93)
Largest Increase: April (+28.27%)
Largest Decrease: June (-21.58%)

Port Isabel

Overall Change: +19.85%
Highest Collection: July ($403,207.82)
Lowest Collection: October ($254,610.63)
Largest Increase: April (+51.32%)
Largest Decrease: September (-0.71%)

Brownsville

Overall Change: +1.88%
Highest Collection: December ($7,057,244.96)
Lowest Collection: January ($3,712,067.49)
Largest Increase: April (+16.9%)
Largest Decrease: January (-11.45%)

South Padre Island

Overall Change: -4.77%
Highest Collection: July ($709,498.79)
Lowest Collection: January ($278,137.96)
Largest Increase: November (+19.72%)
Largest Decrease: June (-15.72%)

Raymondville

Overall Change: +3.11%
Highest Collection: December ($198,350.49)
Lowest Collection: April ($128,372.22)
Largest Increase: October (+21.71%)
Largest Decrease: March (-8.94%)

Key Takeaways

December consistently records the highest sales tax collections, underscoring the impact of holiday spending across cities.
March is the most common month for declines, likely due to consumer spending slowdowns after the holiday season.
Cities with the highest growth in 2024 include Edinburg (+4.2%), McAllen (+4.1%), South Padre Island (+4.1%), and Mission (+4.0%).
Peaks in sales tax collections vary by city, with May and October being strong growth months in multiple locations.
Seasonal trends are evident, with lower collections in months like June, July, and August, potentially due to off-peak shopping behaviors.
The seasonal trend is especially evident in South Padre Island, which is a tourist hotspot and receives a higher Sales Tax Revenue during the summer months coinciding with the peak season for tourists.

This document provides a city-wise breakdown of sales tax trends and insights for 2023 and 2024, helping to identify economic patterns and spending behaviors across different regions.

The post Data Report: Insights on 2024 Sales Tax Revenues appeared first on Rio Grande Guardian.

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