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City of Colleyville Sales Tax Revenue Continues to Grow

Post Date:12/27/2018 2:05 PM
storefronts town centerColleyville sales tax continues to make gains, despite the City’s main commercial corridor, SH26, still being under construction.

The Texas Comptroller’s Office recently posted the latest sales tax allocation information which reflects purchases made in September. This is the twelfth and final month of sales tax reported for Fiscal Year 2018. At $3.9 million, the latest receipts represent a 4% increase over last year’s amount.

While sales continue to grow in town, City of Colleyville employees realize construction on SH26 remains a challenge for some of the local businesses.

The City recently launched its fourth in a series of quarterly programs aimed at promoting businesses during the construction project and encouraging area residents to shop, eat, and spend in town. The current program underway called Colleyville Gives provides $1,000 grants to businesses along SH26 for advertising during the busy holiday months. The City will double the amount when a business donates $500 to an area nonprofit.

Over the year, Colleyville has issued grants for advertising, given gift cards to residents, and rewarded the top three area schools that collected the most Colleyville business receipts with a $5,000, $3,000, and $1,000 donation for their PTA.

Some businesses such as McAlister’s Deli, Starbucks, Costa Vida, and Lilium Florals are reinvesting in Colleyville and taking time during construction to make some enhancements and improvements to their store or restaurant.

The City of Colleyville continues to take proactive measures to assist businesses during the SH26 road construction project. The intention is that these programs help area businesses and continue to increase sales tax revenue to pay for services that contribute to residents’ quality of life.
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