As an economic indicator, the sales tax provides a snapshot of the retail industry in Abilene. Changes in the sales tax may be used to determine the current condition of the local economy in Abilene; better economic conditions tend to correlate with stronger retail sales while weaker economic conditions tend to correlate with weaker sales.
Beginning in 1983, the City of Abilene started collecting a 0.5% retailers' sales tax as a funding source for general government operations. Since then, voters have approved several special sales tax initiatives, including a 0.35% sales tax to fund improvements to the library and pool that will sunset in 2018. In 2012, voters approved a 0.25% increase to the retailers' sales tax to fund a 10-year Local Street Improvement Program that will become effective April 1, 2013.
Note: Hovering your mouse over the charts will display actual figures. The red line indicates the average for the data set.