7.a.
TCEDC Agenda
- Meeting Date:
- 04/08/2026
- Title:
- Receive staff report regarding sales tax data from HDL Companies.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Receive staff report regarding sales tax data from HDL Companies.
BACKGROUND
In December 2025, the Texas City Economic Development Corporation (TCEDC) entered into an agreement with HDL Companies, for the purpose of detailed sales tax analysis and recovery. Specifically, HDL provides sales tax reporting illustrating monthly payment details, variance analysis, top employers, industry trends and more. The STAR Summary report – attached as part of the meeting packet – provides a Sales Tax Snapshot summarizing this information.
In the report, data is provided from fiscal year 2021 to present day (March 31, 2026), offering sales tax net payments trends, monthly comparisons, year-over-year (YOY) percentage changes, and other datasets. One highlight from the report shows YOY sales tax payment growth as high as 23 percent – meaning the amount of sales tax paid in February 2026 was 23 percent more than that received in February 2025.
On average, the YOY change reflects a 14.9 percent increase in sales tax collection. The STAR Summary report, as well as other demographic data collected by HDL, will be made available on the TCEDC website in the coming weeks.
In the report, data is provided from fiscal year 2021 to present day (March 31, 2026), offering sales tax net payments trends, monthly comparisons, year-over-year (YOY) percentage changes, and other datasets. One highlight from the report shows YOY sales tax payment growth as high as 23 percent – meaning the amount of sales tax paid in February 2026 was 23 percent more than that received in February 2025.
On average, the YOY change reflects a 14.9 percent increase in sales tax collection. The STAR Summary report, as well as other demographic data collected by HDL, will be made available on the TCEDC website in the coming weeks.
ANALYSIS
Receive staff report regarding sales tax data from HDL Companies.