Economy

Local monthly sales tax revenue exceeds 2023

Texas Comptroller Glenn Hegar announced last week he will send cities, counties, transit systems and special purpose districts $1.1 billion in local sales tax allocations for July, 0.2 percent less than in July 2023. These allocations are based on sales made in May by businesses that report tax monthly. Lindale saw positive movement – 0.04%

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The Economist | Reality Check

Climate change is very real and must be dealt with, yet energy demand is soaring. Let’s briefly explore the underlying dynamics. The sources of energy usage in the United States are changing rapidly. Renewables have now surpassed both coal and nuclear to become the third-largest source. Each of these three components comprises less than 9%

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The Economist | Who pays…

In fiscal year 2023, the US government collected about $4.7 trillion in total revenue, with roughly half ($2.35 trillion) derived from the much-maligned personal income tax. We don’t have a detailed breakout yet, but the Tax Foundation recently released an analysis of individual income return statistics from the Internal Revenue Service (IRS) for 2021. Given

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