New Gunter MDD posts strong first-month receipts, mayor says
City officials reported first-month results for the recently formed Municipal Development District (MDD): the city recorded roughly $60,809 in sales-tax receipts while the MDD’s ETJ portion produced approximately $47,750 in month one; officials said if sustained the revenue could annualize to roughly $500,000.
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Mayor provided an update on the newly formed Municipal Development District (MDD), telling council members the first month of collections exceeded early expectations. According to the mayor’s slides, the city’s sales-tax share for the reporting period was $60,809 while the MDD’s ETJ‑based receipts were reported at roughly $47,750 in month one.
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