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December 11, 2017
Shopping locally takes on dual meaning this season
LITTLE ELM (December 11, 2017) Retail spending undergoes its annual hike during the Christmas season, when shoppers traditionally make purchases intended as gifts for family and friends.
The increase in sales helps the communities in which the stores are located, bringing in additional sales tax receipts for towns like Little Elm. These funds are then added to the General Fund, providing money for parks, streets, public safety, library, special events and other programs, relieving the need to depend solely on property taxes for these items.
“Shopping locally is an important message for us,” says Town Manager Matt Mueller. “Benefitting from higher sales tax revenue helps us keep our tax base diversified, easing the tax burden on homeowners.”
Shopping locally also means shopping online, says Economic Development Executive Director Jennette Killingsworth-Espinosa.
“Shopping online in the comfort of home is another way for residents to obtain their merchandise while still adding to our sales tax receipts,” she said. “As long as the merchandise is delivered to a Little Elm address, the applied sales tax is credited to the Town.”
This is the case when the delivery is made to a residence or business within the geographic confines of Little Elm’s town limits.
Mueller says that shopping using either method is a win for Little Elm residents.
“Shopping either at a Little Elm store or online with delivery to a Little Elm address helps keep our budget balanced and varied, mixing property taxes with increased sales taxes, fees and other income,” he said. “That kind of diversity in our budget keeps Little Elm revenue from being largely dependent on property taxes.”