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Monday, August 28, 2023

County sales and tax allocations down for August

Total dollars returned to a local sales taxing city by the Texas Comptroller's office for their local sales tax collections are used as an economic indicator. 

Roby receives 1% back of the 8.25% it remits to the state for local sales tax, while Rotan receives 2%. 

Rotan received $25,586.60 from the comptroller's office this August, down from the August 2022 amount of $27,007.75. The city's year-to-date amount is also down from last year, $174,768.89, compared to $182,822.13 for 2022. 

Roby's monthly amount is also down at $4,932.58, compared to last year's $6,689.01. That city's year-to-date is higher, at $46,803.70, compared to $39,197.15 at this time in 2022.

Rotan's decrease could be due to the loss of two major businesses, White's Hardware and Family Dollar Store. Both were shut down after suffering excessive roof and building damages from a June storm. 

Rumors have White's not reopening and the Dollar Store being rebuilt at a different site within Rotan.

More figures and facts about sales tax allocations can be found on the Texas Comptroller's website.

Thursday, August 3, 2023

Rotan Development Corp sells Boll Weevil

The old Texas Boll Weevil Eradication Foundation site on State Highway 70, south of Rotan, recently changed hands.

The Rotan Economic Development Corporation sold the 4 acre property to the Rincon Property Group on June 28. Half the mineral rights were conveyed in the transaction.

The current market appraisal on this lot, including land and improvements, is $111,180.00.

Information gleaned from Texas File and the Fisher County Appraisal District.