Quoting a report by the HdL Companies, the city press release notes that a previously published report that sales tax had decreased was inaccurate. A delay in reporting from one of the city's retailers cause the anomaly in the public report.
According to City Manager Bill Rawlings, the city's focus on economic development and attracting new restaurants is a major factor in the 7.8 percent increase. The arrival of Texas Roadhouse and Miguel's Jr. and the upcoming openings of BJ's Restaurant and Brewery and Panera Bread should continue to increase the sales tax revenue, he said.
"The realization of a 7.8 percent increase in sales tax revenue is yet another indication of the city's strong and improving financial position," Rawlings said.
For the calendar year 2010, the city saw an 11.3 percent increase over the previous year. The increase in 2011 was 12.7 percent.