|Polk County Enterprise - Local News
Copyright 2013 - Polk County Publishing Company
Local sales tax revenue up over 20%
From Staff Reports
Livingston and Polk County sales tax revenues showed remarkable growth for May, according to the latest reports from Comptroller Susan Combs. In Polk County, May city taxes collected are up $62,551 from May of 2012. The $363,507 is an increase of nearly 21 percent. Livingston has the largest increase in sales tax collected, with a $56,008 (22.5 percent) boost, while Corrigan ($3,908 and 17.4 percent) and Onalaska $2,654 and 9.4 percent) have also seen a significant rise from 2012. All of Polk County's cities have seen an increase in revenue of $279,404, or 14.3 percent, in taxes collected for 2013 through May, when compared to the same time period last year. Seven Oaks had the largest percentage increase with 41.6 percent, while Livingston (16.4 percent), Goodrich (10.6 percent), Onalaska (7.3 percent) and Corrigan (10.6 percent) have also collected more taxes in 2013. Texas Comptroller Susan Combs said state sales tax revenue in May was $2.26 billion, up 7.9 percent compared to May 2012. "Growth in state sales tax revenue was led by collections from the information services and construction sectors," Combs said. "Restaurants also showed notable growth, while oil and natural gas-related activity remains a major source of strength." Combs will send cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $556.8 million, up 8.3 percent compared to June 2012.