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Why buying at home is good for Ennis

Ennis got some good news recently with the Texas Comptroller’s report that our city received a $337,509 sales tax allocation from the state in July.
This was a 21.25 percent increase over the allocation of $278,349 received at this time last year.
Besides the obvious benefit of bringing sales tax dollars into our city’s coffers, higher sales tax allocations are good news for another reason. Sales tax collections are an important measure of the local economy’s health, though certainly not the only one. The numbers give a good indication of how many dollars are being spent in our City. These dollars pay local salaries, are invested in local businesses and filter back into the community in many other ways.
It’s important to point out that Ennis’ sales tax rate of 7.75 percent is lower than that of many neighboring communities such as Waxahachie and Corsicana which are both at the state’s maximum of 8.25 percent.
Although gross sales in Ennis fell last year from the year before, the overall record remains one of growth and progress over the past decade. The July sales tax allocation of $337,509 comes from taxes collected in June of this year and we hope it indicates a continuing trend of growth and signals good things on the horizon.
It’s important for local residents to shop at home whenever possible, and the recent sales tax allocation is a good example of why that’s the case. When Ennis residents buy products in Ennis, a portion of that money comes back to us in the form of sales tax revenue. Add to that the fact that our sales tax rate is lower than many surrounding communities and shopping at home makes that much more sense.
We were glad to get this good news from the state and hope to see similar reports in the future. Let’s all remember that we have some control over these numbers. Spending our local dollars with local businesses helps the community as a whole.

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Posted by on Jul 31 2007. Filed under Sports. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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