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Trinity Standard - Local News
Stories Added - August 2009
Copyright 2008 - Polk County Publishing Company

Sales tax income climbs by 30.9%
Trinity Standard - August 2009

TRINITY – Following  two months of significant declines, city sales tax income grew by 30.9 percent in July.
According to figures released by Texas Comptroller Susan Combs, the City of Trinity’s July payment of $70,148.71 was up by $16,568.03 or just over 30.9 percent from the $53,580.68 received one year earlier.
July’s increase followed of a 35.1 percent ($59,416.95) drop posted in May and a 21.4 percent ($12,317.69) decline recorded in June.
Despite the declines posted in May and June, the city’s sales tax income is running well ahead of 2008 levels.
Since Jan. 1, the city has collected a total of $576,110.82 from the 2 percent sales tax – a total that is up by $45,449.20 or about 8.6 percent from the first seven months of 2008.
The latest payment also is the largest July sales tax check the city has ever received. The previous high for the month was the $53,580.68 received last year.
The monthly checks from Combs’ office represent the city’s share of the sales tax collected by the state on purchases made within the city.
The July payment represents taxes collected on sales made in May by businesses that file monthly reports with the state.
Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $17,537.18 in July -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC).
The remaining 75 percent -- or $52,611.53 in July -- goes into the City of Trinity’s general fund to support the operation of city services.
So far this year, the tax has generated  $144,027.71 for TEIDC – which is up by almost 8.6 percent or $11,362.30 from the total collected during the first seven months of 2008.
The city’s share for the first seven months of the year was $432,083.12, which is 8.6 percent or $34,086.90 more than the same period of 2008.
Since the city’s current fiscal year began on Oct. 1, the tax has generated a total of $801,357.62, which was up by $48,508.45 or 6.4 percent from the $752,849.17 collected during the same 10-month period last year.
During this fiscal year, TEIDC has received $200,339.41 from the tax, which is up by $12,127.11 from the same period last year. The city’s general fund has taken in $601,018.22 from its share of the sale tax, a figure that is up by $36,381.34 from the same period last year.
In her report, Combs said the state received $1.57 billion in sales tax revenue, which represented aan 11.2 percent decrease from one year ago.
“The oil and gas, construction and retail trade sectors showed continued weakness, resulting in a sharp decrease in sales tax collections in June,” Combs said. “Contributing to the decrease was not only the weakness in these three sectors, but also the strong level of collections received from them in June 2008.”
Combs sent July sales tax allocations of $284.3 million to Texas cities, which was down by 8.8 percent from July 2008.
Texas counties received $26 million in July rebate checks, down 10 percent compared to one year ago. Trinity County is among the counties that do not currently collect a sales tax.
In addition to Trinity, one other Trinity County city collects a sales tax.
Groveton, which also assesses a 2 percent tax, received a July check for $10,482.14. This total is up by $1,513.70 -- or almost 16.9 percent  -- from the $8,968,44 received in July 2008.
Since Jan. 1, Groveton has received $94,029.81 from the tax, a total that is up by $11,662.12 or 14.2 percent from the same seven month period last year.
In the latest report, Houston received the state’s largest check for $37.1 million, which was down by 4.7 percent from the $38.9 million delivered one year ago.
The $14.9 million issued to Dallas in July reflects a 21.5 percent decrease from the $19 million received one year earlier.
San Antonio’s sales tax allocation was $14.8 million, which was down by almost 15 percent from the $17.3 million received one year ago.
The Austin sales tax allocation for July was $10.2 million, which was down by 12 percent from the $11.6 million received one year earlier.
Other East Texas cities that received July rebates:
• Huntsville received a payment of $429,277.02, which was down by 2.5 percent from July 2008. So far this year, the city has received almost $3.8 million from the tax, which is up by 10.1 percent from the same period last year.
• Riverside received a payment of $10,322.26, which was up by 7.2 percent from the July 2008 payment of $9,628.97. So far this year, the city has received $80,846.09, which is up by 18.9 percent from the $67,970.97 received during the same period last year.
• Crockett received a payment of $105,135.66, which was down by 12.1 percent from the $119,671.17 received one year ago. So far this year, the city has collected $839,248.12, which is down by more than 5.6 percent from the same period last year.
• Lovelady received a payment of $3,582.80, which was up by 19.3 percent from the July 2008 payment of $3,001.94. So far this year, the city has received $25,314.27, which is up by 44.8 percent from the same period last year.
• Onalaska received a payment of $28,665.73, which was up by 14.5 percent from the $25,029.70 collected one year ago. Since Jan. 1, the city has received $235,452.48, which is up by 16.5 percent from the same period in 2008.
• Livingston received a payment of $251,904.52, which was down by 2.6 percent from the total collected one year ago. Since Jan. 1, the city has received more than $1.9 million, which is up by 9 percent from the same period last year.
• Coldspring received a payment of $11,875.90, which was down by 8.5 percent from the July 2008 payment of $12,975.30. So far this year, the city has received $108,938.07, which is up by 11.7 percent from the $97,520.01 received during the same period last year.

 

 

 

 



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