MCALLEN, Texas – In percentage terms, the Rio Grande Valley outperformed the state of Texas as a whole for sales tax revenue collections over the past year.
The numbers are put out by the Texas Comptroller’s Office and analyzed for the Rio Grande Guardian by Matt Ruszczak, executive director of Rio South Texas Economic Council.
The end of year reporting period covers November 1, 2019, to October 31, 2020.
The Valley was up 1.23 percent during this period while the state of Texas as a whole was down 0.36 percent. Webb County was down 4.07 percent and Nueces County was down 3.27 percent.
“A strong result, all things considered,” Ruszczak said.
For the month of October, 2020, the state of Texas as a whole was down 2.51 percent, Webb County was down 5.38 percent, and Nueces County was down 2.39 percent. However, the Valley was up 2.07 percent.
In the Zoom conversation below, Ruszczak does a deep-dive analysis of the numbers, including how individual cities and counties in the Valley fared.
He also discusses in-depth the impact of online shopping and what he calls the COVID shift, whereby shoppers buy local rather go to destination cities.
Editor’s Note: The main image accompanying the above news story shows the La Michoacana Meat Market in Weslaco, Texas.
Editor’s Note: The Rio Grande Guardian will post two other stories in the coming days about Matt Ruszczak’s analysis of the sales tax revenue numbers.
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