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City sales taxes hits record

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The City of Elgin received $3.6M in sales and use tax revenue for calendar year 2022, a 17% increase over 2021 collections.The $3.6M is an all-time record for city sales tax revenue over a twelve-month period.“This is further confirmation of the positive growth occurring in Elgin at this time” said Mayor Theresa McShan. “Steadily increasing sales tax revenue is a clear indicator that our retail business community is continuing to succeed.”The State of Texas imposes a 6.25% sales and use tax on “all retail sales, leases and rentals of most goods, as well as taxable services.” Elgin and most Texas cities impose an additional 2% sales tax to ...

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