Well, it appears the previous month wasn’t just an aberration. Things are rapidly unraveling in the local economy.
While the state of Texas saw sales tax receipts UP 4.51% year-over-year, the City of Lampasas got dinged hard: DOWN 5.43%!!
Last year receipts were $250,851 and THIS year, they are $237,216
OUCH. We are now barely up on the YTD number (+1.78%)
Luckily, City council just gave every swinging dick who works for the City ANOTHER raise for this fiscal year. Between that and the fact that nobody is ever fired, you can sleep easy knowing that nobody in government will miss a single paycheck during the coming economic train wreck. Kind of like during the “pandemic.”
As you can see, Lampasas did FAR worse than the surrounding cities. Economic development, baby!!!
Burnet: UP 8.32% (!)
Cove: FLAT
Hamilton: DOWN 3.03%
Marble Falls: UP 4.57%
Round Rock: FLAT
Austin: FLAT
Dallas: UP 5.56%