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Polk County Enterprise - Local News

Copyright 2012 - Polk County Publishing Company

 

Livingston, Polk County get bump in sales tax

 

AUSTIN — Polk County’s share of sales tax collected in August jumped up nearly 30 percent compared to the same period in 2011, according to a report issued by Texas Comptroller Susan Combs on Sept. 13. Polk County will receive an allocation of $162,664.09, compared to $125,202.81 in August 2011, the report showed. So far in 2012, Polk County has collected $1,369,907.18 in sales tax revenue, down 1.31 percent from $1,388,176.39 collected for the same period in 2011. Meanwhile, cities that lie within Polk County saw mixed results in their August sales tax reports. Livingston saw the largest increase of 15.38 percent with an allocation of $259,256.62, up from $224,693.05 — a gain of 15.38 percent over August 2011. That puts Livingston’s year-to-date sales tax collections ahead by 2.86 percent with $2,409,081.40 received so far in 2012, compared to $2,342,018.74 for the same period in 2011. Corrigan sales tax receipts were up 4.65 percent in August with $21,653.87 to be disbursed to the city, compared to $20,691.60 for the same period in 2011. Yearto- date sale tax revenues are up 18.15 percent over 2011 with $242,555.70 collected so far this year, compared to $205,292.89, for the same period in 2011. Onalaska sales tax revenues are up 2.3 percent for the month with $32,023.80, up from $31,303.36 in August 2011. Year-to-date revenues are up 1.11 percent in Corrigan with $316,013.68 brought in, compared to $312,521.64 for the first eight months of 2011. Goodrich revenues dropped 18.76 percent with this month’s allocation of $1,283.97, down from $1,283.97 in August 2011. Year-to-date revenues are less than half of what they were for 2011. So far in 2012, Goodrich has received $15,245.99, compared to $36,075.98 for the first eight months of 2011. Seven Oaks collected $141.93 in August, compared to $170.43 in August 2011; so far this year, Seven Oaks’ sales tax collections are down 5.42 percent with $1,174.71, compared to $1,241.09. State sales tax revenue in August was $2.34 billion, up 18.5 percent compared to August 2011, Combs said. “The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” Combs said. “The state’s sales tax revenue for fiscal 2012 was $24.1 billion, about 12.6 percent higher than the previous fiscal year. Collections from business sectors such as the oil and natural gas industry and consumer sectors including retail trade increased sales tax revenue for the fiscal year.” Combs will send local sales tax allocations totaling $559.2 million to cities, counties, transit systems and special purpose taxing districts. September sales tax allocations are up 15.5 percent compared to September 2011. The sales tax figures represent monthly sales made in July as well as money remitted at the close of the tax amnesty period. For details of local sales tax allocations in September to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.

 

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