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Posted on: June 21, 2021

Sales Tax Received for April

The City of New Braunfels has announced an overall increase of approximately $1,086,000 or 43.3% in sales taxes received in June (for the month of April) compared to the same month last year.

When the various adjustments to the monthly payment are removed, net April sales tax collections increased by approximately 48.0%.  

“With the release of the April figures, sales taxes through the first six months of the fiscal year (October-April) are up 16.4%, said Chief Financial Officer Jared Werner. “The elevated growth trend from March has continued into the month of April. When reviewing the activity by industry, it is obvious that the continued high level of growth is driven by multiple factors. Industries that were most impacted by the closures last fiscal year, such as full-service restaurants and department stores, continue to experience high levels of growth. The April collections also suggest that commodities and services associated with winter storm repairs remained in high demand. Other areas of retail also continue to show high growth such as non-store retailers (online sales), building materials stores, and motor vehicle and parts sales.” 

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