Permits, sales tax revenue up

In News by Reporter News

The fast-growing city in the Houston area doesn’t show any signs of slowing down in 2015.

Single-family permits issued in the first half of 2015 increased more than 43 percent over the same period last year, according to the Pearland Economic Development Corp.

In March alone, the city issued 147 permits, the highest monthly total in more than five years.

The number of commercial permits issued by the city from January to May nearly doubled, at 88 for 2015. Total valuation for the permits issued over the five month period was $35 million.

This year has also been a good start for sales tax collections, which have continued to increase, reaching more than $12 million for the January through May period, a nearly 13 percent increase over the same period last year. These amounts reflect the total 1.5 percent sales tax collected by the City of Pearland. From this 1.5 percent, the city receives 1 percent, and the PEDC receives .5 percent.

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