Sugar Land continues to further assert itself as a premier regional entertainment, cultural and tourist destination – and an economic powerhouse within the Houston region. A large part of our success has been the strategic leveraging of restricted funding sources – such as the portion of sales tax restricted by state law for economic development purposes – to fund celebrated amenities like the Smart Financial Centre at Sugar Land and Constellation Field. As an example, the Smart Financial Centre smashed all projections in its first year – exceeding attendance projections by more than 35% and providing more than $500,000 in direct new sales tax revenue to the City.
This strategy helps to ensure we maintain the second lowest tax rate in the State of Texas among cities our size. The City’s commercial properties contribute approximately 30% of property tax revenues in Sugar Land, and our general sales tax per capita is significantly higher than the average of a survey of peer cities. This is particularly impressive when you consider that a 2016 study showed that almost 75% of our sales tax revenue comes from non-residents and commercial business transactions. Planned commercial development is what allows many residents to live, work, and play in Sugar Land.