RAYMONDVILLE — Officials project Walmart’s closing will cost the city about $50,000 a year in lost sales tax revenue.
But officials will not make budget cuts to offset those losses, City Manager Eleazar Garcia said yesterday.
“We’re just tightening up our belt, being conservative with our spending,” Garcia said.
Walmart, one of the city’s biggest retailers, closed Jan. 29, laying off 149 employees.
The city’s sales tax collection dropped from $139,458 in January to $103,695 in February, state figures show.
Big clearance sales might have boosted Walmart’s sales tax revenues in January, Mayor Gilbert Gonzales said.
“I know we’re down but that loss isn’t as much as we thought,” Gonzales said.
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