The City of New Braunfels has announced an overall decrease of approximately $1,285 or 0.1% in sales taxes received in April
(for the month of February) compared to the same month last year. When the various adjustments to the monthly payment are removed, net February sales tax collections decreased by approximately 2.3%.
“With the release of the February figures, sales taxes through the first five months of the fiscal year (October-February) are up 6.5%,” said Chief Financial Officer Jared Werner. “Staff had anticipated that our growth trend would be significantly impacted by the winter storm. The winter event impacted all industries, even those such as online sales, which had been growing at a consistent rate since the onset of the pandemic. City staff looks forward to the March collections (which will be received in May), as it may reflect the rebound in sales from various winter storm related factors, such as closures and necessary repairs.”