Troy residents continue to buyPublished 11:00pm Tuesday, July 17, 2012
Written by Tyler Spivey
The City of Troy’s sales tax revenue has increased for the seventh consecutive month with June numbers up 10 percent from this time last year.
“It’s unbelievably good to have an increase in sales tax revenue,” said Mayor Jimmy Lunsford, explaining that the increase was positive because it means city residents have more disposable income to and that benefits the community.
According to Lunsford, the city has had an easier time with the recession compared to some other places in Alabama.
Sales tax revenue went up $334,500 for the first six months of the year compared to 2011 totaling $4,391,369, Lunsford reported.
“We’re not recession proof,” he said. “But Troy has weathered the recession better than most neighboring cities.”
Kathleen Sauer, president of the Pike County Chamber of Commerce, said the increase in sales tax revenue could be due to having more visitors in Troy who come to shop.
“The business outlook is brighter.” Sauer said. “People are doing more shopping,”
“We’ve had a near 20 percent increase in sales,” said Michael Benca, the general manager of the Santa Fe restaurant in Troy, noting that the increase of customers over the last year has been visibly evident, as well as financially.
Even luxury item sales, such as jewelry, have increased.
“Business has definitely gotten better since last year, said Stephanie Telsair, an employee at Tmarie Jewelry on the square in downtown Troy.