Canyon sales tax revenue rises 14% since last March
Canyon has seen this spike throughout the pandemic.
VIDEO: Sales tax revenue increase in Canyon since March 2020 By Taylor Mitchell | January 21, 2021 at 6:00 PM CST - Updated January 21 at 6:33 PM
AMARILLO, Texas (KFDA) - Sales tax revenue has been up 14 percent since the pandemic hit.
With the growing Canyon population and more people shopping local and online, Canyon sale taxes have been steadily increasing throughout the pandemic.
Canyon EDC and Canyon City Hall leaders say when the pandemic hit, they originally prepared for a 30 to 40 percent decrease in sales tax revenues.
âThereâs the effects of the 2018 supreme court decision, Wayfair decision, which impacts how the sales tax are collected, where the sale takes place, which mostly involves internet sales. And then also the impacts of the COVID, upon people probably buying online more than they have in the past,â said Joel Wright, director of finan