Sales tax statistics soared to 60.98 percent in Laguna Vista in October, while more modest increases were seen in Port Isabel and South Padre Island.
Crediting the new Stripes store for its surge, the Town of Laguna Vista received a payment of $14,480 from the State Comptroller’s office which collects and refunds a portion of the sales tax collected on purchases. Last October, the town received $8,994 as its monthly rebate. Year-to-date, the town has sales tax funds of $114,074, compared to last year’s $93,578, a 21.90 percent increase.
The sales tax figures represent sales that occurred in the month of August.
To see this story in print, pick up a copy of the Nov. 3 edition of the Port Isabel South Padre Press or check out our E-edition by clicking here.