Texas Could Be Missing Out On Sales Tax Revenue From Mexican Shoppers

Style Magazine Newswire | 12/1/2017, 7:43 a.m.
What would you do for a good bargain this holiday season? One Mexican family drove 160 miles to the United …
Texas border towns could be missing out on sales/Photo- KENS)

Source: Wfaa.com

What would you do for a good bargain this holiday season? One Mexican family drove 160 miles to the United States just for Black Friday deals. These trips, however, are becoming less common. The Texas economy could be losing out on millions of dollars. According to the latest numbers by the Texas comptroller, McAllen, the 25th largest city in the state, ranks 16th in sales tax revenue. The city took a three percent hit compared to last year, despite population growth. One of the city’s main sales tax contributors is Simon’s ‘La Plaza’ mall, where some retail companies claim to have their flagship store. The mall recently expanded to offer more products not found in Mexico. With more name-brand stores popping up in Mexico, and the adoption of the Mexican Black Friday known as ‘Buen Fin,' businesses and local governments along the Texas border are making larger investments to compete.