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Polk County Enterprise - Local News

Copyright 2011 - Polk County Publishing Company

 

Sales tax income droops 1% in Polk County

 

BY THOMAS TAYLOR
Enterprise staff
polknews@gmail.com

AUSTIN — Sales tax revenue to cities in Polk County bucked the statewide trend, according to a report released by Texas Comptroller Susan Combs on Thursday. The August distribution in sales tax revenues saw an 11.9 percent increase statewide for the year to $1.98 billion. “Monthly sales tax revenue has now increased for 17 consecutive months,” Combs said. In addition to this increase revenues grew in the oil and gas industry and manufacturing industry as businesses spent more to expand production capital. Retail and restaurant sectors also saw increases this month, branches generally considered outlets for disposable income. Payments to Polk County cities had mixed results with totals down by 1.06 percent this month after subsequent growth in previous months. Corrigan recorded the largest increase for August at 9.23 percent with Seven Oaks a close second at 8.45 percent. In the year-to-date numbers, Goodrich showed an impressive 117.57 percent increase from last year’s total of $16,580.99 to this year’s $36,075.98, but recorded a 25.76 percent decrease for this month’s distribution Although Onalaska’s allocation grew considerably over the summer, it fell this month by 9.63 percent, lowering its year-todate gain to 5.15 percent. Livingston’s sales tax revenue fell by $863.81 — 0.38 percent — this month, leaving the city 5.88 percent ahead for the year. Despite the mixed numbers Polk County’s year-to-date revenue is up 6.76 percent, still a strong indication that the local and state economies are growing since similar numbers have been recorded across Texas. Combs also announced a 9.4 percent increase in overall sales tax revenue from the state’s previous fiscal year.

 

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