|San Jacinto News-Times - Local News
Stories Added - April 2010
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Sales tax allocations down for most in SJC
San Jacinto News- Times
AUSTIN – Local sales tax revenues are up for the City of Coldspring but down in the cities of Point Blank and Shepherd as well as for San Jacinto County. According to Texas Comptroller Susan Combs, sales tax revenue to the City of Coldspring is up 19.66 percent ($76,378.64) this March compared to $63,826.29 in March of 2009. The City of Point Blank has a 3.81 percent drop is sales tax revenue this March compared to the same period in 2009. This period the city received $4,828.34 compared to $5,019.60 in March of 2009. The City of Shepherd has a 6.25 percent decline in sales tax revenues this March compared to the same period in 2009. Payments to date in 2010 amount to $60,761.86 compared to $64,815.05 in March of 2009. San Jacinto County saw a 17.29 percent drop in sales tax revenue this March compared to March of 2009. 2010 payments to date for the county amount to $96,839.83 compared to $117,089.67 received in March of 2009. San Jacinto County collects a 0.50 percent sale tax while Coldspring collects a 1.50 per cent sales tax; Point Blank collects 1.0 percent and Shepherd 1.50 percent tax rate. Combs said the state received $1.46 billion in sales tax revenue in March, down 7.8 percent compared to March 2009. “For the second month in a row, the decline in sales tax collections continued to moderate,” Combs said. “Following an eight-month stretch of double- digit declines, the pace of revenue losses is slowing. The oil and gas, construction, manufacturing, and retail industries registered lower sales tax revenue collections than one year earlier. We expect further declines in the near term followed by a return to sales tax revenue growth later this year.” Cities, counties, transit systems and special purpose taxing districts will receive $394.1 million in April sales tax allocations, a 3.9 percent decrease compared to April 2009. So far in 2010, monthly sales tax allocations to local governments lag 7.4 percent behind 2009. On Friday, Comptroller Combs will send April sales tax allocations of $265.7 million to Texas cities, down 3.6 percent compared to April 2009. Calendar year-to-date, city sales tax allocations are running 7 per cent lower than last year. Texas counties will receive sales tax payments of $24.0 million, down 7.7 percent compared to one year ago. Calendar yearto- date, county sales tax allocations are 12.9 percent lower than last year. In addition, 164 special purpose taxing districts are getting $15.7 million in sales tax, down 1.8 percent compared to last April. Ten local transit systems will receive $88.6 million in sales tax rebates, down 3.9 percent compared to a year ago. March state sales tax revenue and April payments made to local governments represent sales that occurred in February. The Comptroller’s May sales tax allocation will be made on Friday, May 14.