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Argyle MDD reports sales-tax uptick; staff flags online sales and ETJ effects
Summary
Staff presented a July sales-tax report showing an 8.4% increase year-over-year, rising fiscal-year totals and larger-than-expected online sales; staff said an audit and data clean-up of ZagTech reporting are underway to clarify ETJ contributions.
Harrison, a staff member for the Argyle Municipal Development District, told the board that sales-tax collections for July totaled $42,578, an 8.4% increase from the same month last year.
The uptick contributes to a positive fiscal-year trend: staff reported year-to-date MDD collections above the budgeted $450,000 with two months remaining in the fiscal year. "We're already above that with 2 months left," Harrison said during the meeting.
Board members and staff singled out online sales and activity in the extraterritorial jurisdiction (ETJ) as drivers of recent fluctuations. Harrison said ZagTech, the proprietary vendor the district uses for sales-tax reporting, attributes a large February spike…
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