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Pasadena sales tax revenue continues to show growth over 2020
20 Jul 2021
While the monthly sales tax receipts report was good news for many cities in the area, Pasadena was a huge winner.
When the Texas state comptroller’s office released the figures for May recently, it showed Pasadena enjoyed a 47.9 percent year-on-year increase in sales tax revenue.
This May, the city garnered some $3.82 million in sales tax revenue compared to the same month in 2020, when $2.6 million came in.
Sales tax revenue reports are issued two months after the fact.
Sales Tax revenue total up 10% compared to 2020
Pasadena’s year-to-date total is also running ahead of last year. Receipts in 2021 have totaled $23.22 million or 10.2 percent more than the $21.1 million pulled in up to this point in 2020.
Year-on-year totals can be skewed because the economy shrank in 2020 due to the pandemic shutdowns. But Pasadena still comes out ahead when comparing this year’s receipts to that of pre-pandemic 2019.
In May 2019, the city generated $2.83 million in sales tax revenue, some $981,917 less than it did in the same month this year.
Comparing the 2019 to 2021 year-to-date sales tax figures also shows Pasadena’s economy is on the rise. At this point in 2019, the city had generated $20.75 million, $2.5 million less than the 2021 total of $23.2 million.
For this April, Pasadena saw a 31.7 percent jump compared with the revenue total for that month the year before. This year in April, Pasadena took in almost $3.44 million as compared with last April’s showing of $2.61 million.
Deer Park was another big winner in sales tax revenue trends, as the city saw its revenue jump 13.5 percent over last year’s May total.
This year, Deer Park pulled in $864,442.68 in sales tax receipts, while a year ago that figure was $102,757 lower at $761,685.
Deer Park’s year-to-date sales tax revenue still lags behind the levels seen to this point in 2020, but it is closing the gap. The year-to-date revenue is running 2 percent behind 2020, but in June sales tax revenue was 4.1 percent lower year on year.
For the year, Deer Park is hewing close to the 2020 numbers but on the wrong side of the ledger. The tax payment to date stands at $6.13 million, or 2 percent behind the $6.5 million seen at this point one year ago.