Roanoke reports $2.1 million in sales tax revenue for May 2021, part of upward trend

three members of Roanoke City Council sit at the dais
Roanoke has seen its sales tax revenue increase despite the pandemic. (Sandra Sadek/Community Impact Newspaper)

Roanoke has seen its sales tax revenue increase despite the pandemic. (Sandra Sadek/Community Impact Newspaper)

Despite a slight decline in sales tax revenue in 2020, the city of Roanoke is on track to meet or exceed expectations for the 2020-21 fiscal year.

For May 2021, Roanoke reported $2.1 million in sales tax revenue compared to $1.4 million in 2020. This latest number also surpasses revenue from 2018 and 2019—$1.3 million was collected in 2018 and $1.8 million in 2019.

“We are actually currently ahead of where we were at the same point last year,” said Vicki Rodriquez, director of fiscal and administrative services. “We're still seeing an upward trend in our sales tax where we're not really losing any ground. Even during the pandemic, we haven't really lost any ground.”

Rodriquez attributes Roanoke’s success to the city’s diverse tax base, which allowed the city to not rely on a sole source of revenue.

“You've got your Walmarts and your Home Depots and places like that that were able to continue their business as usual,” she said.

According to the office of the Texas Comptroller of Public Accounts, this growth trend has been seen across the state. On May 12, Comptroller Glenn Hegar announced nearly $1.1 billion in monthly sales tax revenue was distributed to local governments.


This is a 28.4% increase from May 2020 and a 21.9% increase from May 2019.

While the increasing trend seen in Roanoke is positive for the city, Rodriquez said it is still too early to determine how this increased revenue will affect the budget.

“The thing about sales tax is, although we've been exceeding our budget and staying on track with sales taxes, because of the pandemic, we saw declines in other revenue sources—particularly in our parks and recreation and municipal court, and in some of those other areas, (such as) building permits,” Rodriquez said. “The sales tax kind of just helped to offset those losses.”
By Sandra Sadek
Sandra Sadek covers the cities of Grapevine, Southlake and Roanoke as well as Carroll ISD for Community Impact. She graduated from Texas State University where she majored in journalism and international relations. She has experience working for several local papers including the University Star, the Katy Times, and the Fort Stockton Pioneer. When she's not on the ground reporting, she enjoys a good book and a hot drink. Follow her on social media @ssadek19.


MOST RECENT

The Peabody Roanoke has been delayed due to the COVID-19 pandemic. (Rendering courtesy Peabody Hotels & Resorts)
The Peabody Hotel in Roanoke back on track after yearlong halt

The Peabody Roanoke project is starting back up and is estimated to be completed in about two years.

Cars parked in a parking lot
Take 5 Oil Change coming soon to Northeast Fort Worth

The company specializes in drive-thru oil changes.

A woman having her forehead massaged
The Knot salon in Keller plans to add medspa services

The salon plans to begin body sculpting and laser hair removal, among other services.

Construction has been ramping up in neighborhoods throughout Texas to meet the demand for housing. (Brian Rash/Community Impact Newspaper)
Experts discuss Texas' housing shortage during digital summit

Douglas Elliman Texas CEO Jacob Sudhoff said one trend from 2020 that has continued this year is tenants wanting to migrate from urban apartment developments to suburban homes.

COVID-19 had more real estate property owners consider how to bring the inside to the outside, experts said during the June 23 digital summit. (Courtesy Hub Streat)
Experts discuss COVID-19's effects on Texas real estate trends during digital summit

“The new normal is closer to the old normal than we thought it would be,” said Frank Mihalopoulos, the founder of Corinth Properties. “We lost a lot of businesses, and ... some restaurants are not even open all the hours that they had. We noticed some folks don’t even open in the evenings or on certain days for the longest time.”

Real estate investors and experts discuss the draw of Texas during the June 23 Bisnow Digital Summit. (Screenshot by Miranda Jaimes/Community Impact Newspaper)
Real estate experts discuss the draw to Texas in digital summit

Craig Hall, founder of the Hall Group, said his projects have him working with out-of-state city leaders, and it’s “refreshing” to work with Texas attitudes.

The restaurant offers signature fried chicken meals, tenders, sandwiches, sides and family meals, according to its website. (Courtesy Popeyes)
Popeyes plans for late 2021 opening in Northeast Fort Worth

The restaurant, which specializes in fried chicken, will feature a drive-thru.

Gov. Greg Abbott announced a special legislative session will begin July 8. (Trent Thompson/Community Impact Newspaper)
Gov. Greg Abbott announces special legislative session to start July 8

Agenda items will be announced before the session begins, according to a release from the governor's office.

Sharen Wilson was first elected in 2014. She is Tarrant County's first female district attorney. (Courtesy Sharen Wilson Campaign Team)
Tarrant County District Attorney Sharen Wilson seeking re-election

Wilson announced her intent to run for another term June 22.

The job fair, which will be held in Irving, will feature more than 100 potential employers. (Courtesy Pixabay)
North Texas Congresswoman Beth Van Duyne to host job fair in partnership with local businesses

With federal unemployment benefits ending on June 26 in Texas, Congresswoman Beth Van Duyne has partnered with local chambers of commerce, officials and businesses to host a job fair in Irving.

A to-go box with Huli Huli Chicken, rice, and macaroni and cheese
Hawaiian Bros now serving up island specialties in Fort Worth

The menu features a variety of proteins, such as teriyaki chicken or seasoned vegetables.

Cajun restaurant Storming Crab is now open in McKinney. (Courtesy Adobe Stock)
Storming Crab restaurant open in McKinney; Romeo's Pizza comes to Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.