The city of Cedar Park collected almost $10.2 million in sales tax revenue in fiscal year 2013–14, Mayor Matt Powell announced Dec. 9 at a Cedar Park Chamber of Commerce luncheon.
The city's FY 2013–14 budget approved by City Council last fall projected about $10.2 million in sales tax revenue, and the FY 2014–15 budget projects $10.5 million of sales tax revenue. Powell said he hopes for more.
"[My] new goal is $12 [million]," he said. "A million a month."
The $10.2 million figure is the highest revenue total the city has gained from sales taxes. In FY 2012–13 the city collected about $8.7 million in total sales tax revenue.
Higher revenue from sales taxes means the city can keep property taxes low, Powell said.
Powell said Cedar Park has gained dozens of new restaurants, which gives residents a new challenge of deciding where they can dine out. That marks an improvement from 2005 when Powell joined City Council, he said, and had difficulty finding any restaurant options.
Powell also reviewed some other businesses who in 2014 announced their move to Cedar Park, including
Dana Limited Corp.,
Voltabox and
Firefly Space Systems.
"We are a spacefaring community now," Powell said.
The mayor also referred to his
December 2013 address at a Cedar Park chamber luncheon when he proposed residents brainstorm unique ideas to help show community spirit. In 2014 the city hosted new events, such as the city's first Fourth of July parade, a Taste of Cedar Park event, and a ceremony to honor local veterans of World War II, Powell said.
This story has been modified from its original version.
Powell suggested residents in 2015 ask themselves why the city wants to grow and what the city wants to be, rather than focusing on what the city can do or how the city can grow.
"We want to make this the best place in the U.S. to raise a family," he said. "To me that's the 'why.'"