You have GROWTH and your tax revenue GROWS.
Using the PayScale Index, which tracks how private-sector wages have changed, the report shows that between Q4 of 2010 and Q4 of 2011 18 U.S. metro areas saw some wage growth, the most growth was in energy and technology jobs. The report says that construction and manufacturing jobs are starting to see improvement as well.
The 10 cities with the biggest increase in pay for private-sector workers are: San Diego at #10, Atlanta at #9, Philadelphia at #8, St. Louis comes in seventh, #6 is San Francisco.
The top five include Seattle, Washington DC, Chicago and # 2 Miami.
It is Houston that sits atop the list at #1 with a 2.2% increase in the 12 month period measured.
“Austin will collect $11.7 million in sales tax revenue from the state this month for sales that took place in November, up 6.2 percent from the same period last year, according to data released by Texas Comptroller Susan Combs.”
Wow, that’s amazing!
Perhaps, Austin Mayor Lee Leffingwell should be running for president!
And if he were to run for president, I’m sure he would be polling above 5%.
This is mainly for two reasons: Computer tech companies continue to come to the Austin area, and we have an oil boom in lower south Texas. These two industries, especially the oil one, explode jobs from industries that support oil drilling, many of them located in Houston, and computer tech. companies need employees in the larger Austin area.
Austin is preparing for Rick Perry’s return in 5 days. I heard ear plug sales are off the charts.
BUMP!
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