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Posted on: September 10, 2020

Sales Tax Received for July

The City of New Braunfels has announced an overall decrease of approximately $205,000 or 6.2% in sales taxes received

in September (for the month of July) compared to the same month last year. When the various adjustments to the monthly payment are removed, net July sales tax collections decreased by approximately 5.6%.

"With the release of the July figures, we are able to report that gross sales tax collections for the first ten months of fiscal year 2020 have increased by 4.2%. July is typically the largest month as it relates to sales tax collections. Given that our tourism industry has been impacted by the pandemic, we were prepared for a much larger impact,” said Jared Werner, Chief Financial Officer.  “However, anecdotally, it seems as though the July activity continued to reflect a shift in discretionary and consumer spending that continue to help mitigate the impact from those industries that have been most impacted by the pandemic."

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