News Flash

Media Releases

Posted on: July 8, 2020

Sales Tax Received for May

The City of New Braunfels has announced an overall increase of approximately $80,000, or 2.9%, in sales taxes received in July (for the month of May) compared to the same month last year.

 In 2019, the May payment included a positive audit adjustment of approximately $100,000. When the audit adjustment is removed, the May collections increase by 7.2%.

"With the release of the May figures, we are able to report that gross sales tax collections for the first eight months of fiscal year 2020 have increased by 5.0%. Needless to say, the May figures were a pleasant surprise. Given that we don’t have the comprehensive data for the May activity, unfortunately we cannot pinpoint which sectors of our economy led to the net increase over last fiscal year. However, we can presume that this is driven, in part, by the partial reopening of businesses toward the end of the month as well as the reinvestment of stimulus dollars into the local economy,” said Jared Werner, Chief Financial Officer.  “Projecting sales tax revenues, which is the largest single source of revenue for the City’s General Fund, remains incredibly speculative during the pandemic, therefore we must continue to be as conservative as possible as we work through the development of the FY 2021 Proposed Budget and Plan of Municipal Services."

Facebook Twitter Email

Other News in Media Releases

Downtown New Braunfels Parking Map

Downtown Parking Availability

Posted on: September 17, 2020

Sales Tax Received for July

Posted on: September 10, 2020

New Braunfels River Parks Reopen

Posted on: September 8, 2020
LaborDay-01

Labor Day Holiday Closures

Posted on: August 31, 2020

Playground Surface Repairs

Posted on: August 17, 2020

Sales Tax Received for June

Posted on: August 12, 2020

Arson Arrest

Posted on: August 10, 2020
Virtual District 3 - 71520-01

District 3 Citizen Forum

Posted on: July 7, 2020