It’s good news for local shopkeepers that collections have gone up. It means people are spending more money in local stores.
LUBBOCK, TX -- Last week the Texas Comptroller released sales tax allocations for Lubbock and other cities. The numbers show Lubbock a 1.99 percent increase comparing April 2014 with April of last year. The City of Lubbock received $4,463,735.13 for the month and $20,256,010.50 for the year to date.
Sales tax collections are considered an important indicator of economic health. So, it’s good news for local shopkeepers that collections have gone up. It means people are spending more money in local stores.
According to the Comptroller’s office Lubbock County’s monthly collection was $1,543,334.68 – an increase of 1.2 percent compared to this same time last year.
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