Despite city’s slowing economy, Southwest Austin business owners report steady growth

Sales tax revenue is starting to indicate slowing economic trends in Austin, according to city-hired analysts, creating anxiety for some elected officials. “When the economy grows, more jobs [become available], more income, in theory, [is brought in] and more money is available to spend locally,” said Jon Hockeynos, TXP Economic Strategies president, during a financial forecast and economic outlook presentation at the April 19 City Council budget work session. Hockeynos said sales tax collections in Austin are trending downward but are leveling off to some degree. He attributes that to slower growth nationally in sales tax and job growth.

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