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Ennis Daily News

Building for a better tomorrow

Growth in the regional economy has been hard to come by in recent years, and any inkling of that kind of positive news is eagerly devoured by residents in Ennis, especially.
There’s a good reason. For the past few years, we’ve watched sales tax revenues decline and property values have begun to catch up with that drop-off in retail activity. The Texas Comptroller’s office has released good news in that regard, however. Ennis saw significant growth in the 10-percent range year-over-year for the November allocation of September sales tax revenue.

Growth is good, but it’s often misleading. Those allocations represent payments generated from collected revenue, so they hinge on whether local businesses are making their sales tax payments to the state and a host of other economic, seasonal and environmental factors. However, those payments are a positive sign, as well.
Better than any year-over-year gain in a specific month is the picture that we’re less than 1 percent off of last year’s sales tax revenues so far this year.

What that means is that a strong holiday season could very well push us into an overall gain for the year. A picture of growing revenue is also key to building further growth — psychologically speaking, having success breeds more such success, and making the economic activity grow here in Ennis could prove positive for the retail landscape.

That has been a sore spot for some members of the community who would like to see more local options for shopping, and turning ourselves around after a harsh downturn is the first step in realizing that desire.

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Posted by on Nov 19 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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