Pharr continues demonstrating strong economic vitality
Tue, 2016-07-26 21:07
News Staff
Pharr, TX – City of Pharr officials and the Pharr Economic Development Corporation (PEDC) have been actively leading the charge to spur economic opportunities in the community. The City of Pharr continues to experience positive economic growth, as evidenced by a continued increase in sales tax revenues and a number of new businesses in the area. The Texas State Comptroller’s Office released its monthly sales tax report, and Pharr continues to experience a steady increase in sales tax revenues. The report showed that Pharr experienced an 8.35 percent increase in sales tax collected during June 2016 with $1,336,426 collected compared to the same period last year; the total amount of tax collected in June 2015 was $1,314,960.