Economy Progress Affected by Gas Cost?

4-25-06 - Sales tax revenue in Sherman is about 15% higher than last year and that is keeping up with the rest of the state. It is all good news, but there is a quick turn around because some of the money will go right back into the pump.

The city of Sherman budgeted $600,000 to fill up its fleet of vehicles for this year, and that is 45% more than last year. And Sherman is looking at another increase in the future, off-setting some of those extra sales tax dollars. Other cities in the county are also seeing tax revenue increases, but Sherman’s numbers are higher than they have been in years thanks to new retail, industry growth, and even alcohol sales.

In the city of Sherman, solid waste trucks use the most gas followed by police and fire vehicles.