In an era of usually bad economic news, Arlington’s story is surprisingly upbeat. The city’s sales tax revenues were up nearly five percent from last year setting a new record for revenue. Some business owners say the city is evolving as a destination for consumers.
J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.
Southwest Airlines Co. says traffic fell in October but a key revenue measure still rose, indicating higher fares and many full planes.
The state’s chief revenue estimator says Texas tax revenues have bounced back to levels nearly equal to pre-recession levels.
The proposed state budget passed out of the House days ago in Austin leaves Dallas with a potential $24 million hole to fill, causing city leaders to dredge up the sort of tax talks no resident likes hearing.
Dallas residents will be paying more in property taxes, but the city says the extra revenue will save hundreds of jobs.
Arlington city council chambers were packed last night as residents on both sides of the natural gas drilling controversy hoped to be heard.
Some North Texas cities have seen double-digit growth in sales tax revenues.