Impact to Economy Watch Texas Sales Tax

Submitted by Chris Ducret on Mon, 03/30/2020 - 18:53
Chris Ducret

Texas' wonderful financial transparency and reporting site.  It will provide a quick indication on how bad the shut down is in real dollars. The previous month's sales tax is due by the 25th of the month.  February 2020 numbers were published. Waiting on the update to get the immediate indicator of the first of many drops.  With April being cancelled, expect depression level problem worldwide. 

More numbers coming soon. If you are in Ft. Worth and Dallas Counties, expect major local government problems. Remember these locations were spending over 40% of their budgets to cover pension obligations.  FUBAR is coming.

Chris Ducret