Brownwood continued its slow growth in sales tax receipts in May, while Early’s dropped for the second consecutive month compared with May 2007’s numbers.
“It was actually a little bit of a relief,” Brownwood Finance Director Walter Middleton said. “This payment is a quarterly payment for the first quarter of this year. The fact that it showed some growth, in line with the growth we’ve had for several months, indicates that our local economy is not shrinking.
“Also, compared to the statewide growth of 1.4 percent, it appears that we are in better shape.”
Brownwood’s allocation for May was $556,447, a 2.5 percent increase over May 2007’s allocation of $542,786, according to State Comptroller Susan Combs’ office.
Year-to-date, Brownwood has received allocations of $2.5 million, a 1.37 percent increase over last year’s $2.46 million.
May’s allocation reflects March sales.
Early’s allocation of $106,422 reflected a 5.3 percent drop from May 2007’s allocation of $112, 408.
“It’s just one of those things,” Early City Administrator Ken Thomas said. “I guess you just stick it out and see what happens. We went for three years and it was up all the time.
“I don’t guess I consider it an area of alarm right now because it’s done so well for so long. We’re not running scared by any means.”
He said he anticipates that new businesses that have opened recently will be make an impact in Early’s sales tax receipts.
Year-to-date, Early’s allocations are $455,660, a .07 percent decrease from last year’s $456,015.
Bangs’ May allocation was $15,324, a 67 percent increase over May 2007’s allocation of $9,160. Year-to-date, Bangs’ allocation was $52,751, a 79 percent increase over last year’s $29,492.
The May allocation for Blanket was $1,844, compared with $2,010 in May 2007, an 8.2 percent decrease. Year-to-date was $5,964, a 2.9 percent increase over last year’s $5,794.
The total allocation for all four municipalities in May was $680,059, a 2 percent increase over last May’s $666,365. Year-to-date, the allocation was just over $3 million, a 1.9 percent increase over last year’s $2.95 million.