Data report: Latest sales tax revenue figures for the Upper RGV cities

2 weeks ago 59

McALLEN, Texas – The latest sales tax revenue reports for Texas cities have been posted by the Texas Comptroller’s Office.

The year-to-date period has reached November 2024.

Sales tax is a consumption tax levied on the sale of goods and services. It is important source of revenue for governments at the state and local levels. Texas imposes a 6.25 percent state sales and use tax on all retail sales, leases and rentals of most goods. Local taxing jurisdictions (cities, counties, special purpose districts and transit authorities) can also impose up to 2 percent sales and use the tax for a maximum combined rate of 8.25 percent.

The Rio Grande Guardian, in collaboration with Allied Consulting Group, has analyzed the latest data, which shows the first nine months of 2024.

Looking at the cities in Hidalgo County, McAllen leads the way with $86.0 million worth of sales tax revenues, followed by Edinburg with $34.8 million, and Pharr with $27.3 million. Mission came in next at $25.4 million, followed by Weslaco at $18.9 million. Mercedes came in at $8.0 million, Donna at $6.9 million, and San Juan at $6.1 million

Looking at the cities in Starr County, Rio Grande City leads the way with $5.5 million, while Roma’s sales tax revenues for the first 11 months of 2024 stood at $1.6 million.

In terms of percentage growth, year-on-year, Penitas’ sales tax revenues have grown by a staggering 15.66 percent. And Hidalgo’s sales tax revenues have grown by an impressive $9.9 percent.

Here are the stats for the the cities in Hidalgo and Starr counties: