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

Sales tax income up by 8.3%
Trinity Standard - December 2008


TRINITY – Sales tax income received by the City of Trinity in December was up by almost 8.3 percent compared to one year ago, according to a report issued by Texas Comptroller Susan Combs.

The check for $47,548.98 received by the City of Trinity this month was the second largest December payment every received by the city. The largest December payment – 2006’s $47,643.39 – topped the latest total by only $94.41.

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 December payment represents taxes collected on sales made in October by businesses that file monthly reports with the state.

The largest monthly payment ever received by the city was the $172,499.41 check received in May 2007.

During 2008, the city’s 2 percent sales tax has generated $981,215.17, a figure that is up by almost 7.3 percent or $66,627.67 from the $914,587.50 received during 2007.

The 2008 total is the highest ever recorded by Trinity during a calendar year and marks only the second time that the annual income from the 2 percent tax has topped the $900,000 mark.

Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $11,887.25 in December -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $35,66173 in December -- goes into the City of Trinity’s general fund to support the operation of city services.

Since the city’s current fiscal year began on Oct. 1, the tax has generated $225,246.80, which was up by $3,059.25 or 1.4 percent from the $222,187.55 collected during the same three-month period last year.

So far this fiscal year, TEIDC has received $56,311.7 from the tax, which is up by $764.81 from the same period last year. The city’s general fund has taken in $168,935.1 from its share of the sale tax, a figure that is up by $2,294.44 from the same period last year.

In her report, Combs said the state received $1.98 billion in sales tax revenue, which represented a 4.7 percent increase from one year ago.

“For the first three months of the state’s 2009 fiscal year, state sales collections have continued to grow,” Combs said. “However, the increase is less than in the past three years, and collections from important sectors such as retail trade and construction have declined slightly.”

Combs sent December sales tax allocations of $328.5 million to Texas cities, up 9.5 percent from December 2007. During 2008, allocations to cities totaled $4 billion, which was up 5.6 percent from 2007.

Texas counties received $30.8 million in December rebate checks, up 11.8 percent compared to one year ago. Since Jan. 1, county rebate payments have totaled $365.8 million, up by 7.9 percent from last year.

Trinity County is among the counties which 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 December check for $17,895.35. This total is up by $9,189.79 or about 105.6 percent from the $8,705.56 received in December 2007.

Since Jan. 1, Groveton has collected $203,519.71 in sales tax income, a figure that is up by $68,179.70 or about 50.4 percent from the $135,340.01 collected last year.

In the latest report, Houston received the state’s largest check for $44 million, which was up by about 17.3 percent from the $37.6 million delivered one year ago.

The $15.3 million issued to Dallas in December reflects a 12.4 percent decrease from the $17.5 million received one year earlier.

San Antonio’s sales tax allocation was $17.5 million, which was up by 5.5 percent from the $16.6 million received one year ago.

The Austin sales tax allocation for December was $11.6 million, which was down by 1.6 percent from the $11.7 million received one year earlier.

Other East Texas cities that received December rebates:

• Huntsville received a payment of $521.112/22, which was up by 16.6 percent from December 2007. Since Jan. 1, the city has received over $6.1 million, which is up by 2.7 percent from 2007.

• Riverside received a payment of $10,509.66, which was up by 57.3 percent from the December 2007 payment of $6,681.73. Since Jan. 1, the city has received $120,320.27, which is up by 61.9 percent from last year.

• Crockett received a payment of $115,744.05, which was up by 2.9 percent from the $112,507.82 received one year ago. Since Jan. 1, the city has received almost $1.5 million, which is up by 2.2 percent from last year.

• Lovelady received a payment of $2,591.44, which was up by 13.6 percent from the December 2007 payment of $2,280.50. Since Jan. 1, the city has received $37,144.20, which is up by 51.6 percent from last year.

• Onalaska received a payment of $29,243.13, which was up by 33.7 percent from the $21,866.82 collected one year ago. Since Jan. 1, the city has received $362,279.05, which is up by 13.3 percent from 2007.

• Livingston received a payment of $300,088.74, which was up by 28.9 percent from the total collected one year ago. Since Jan. 1, the city has received almost $3.2 million, which is up by 1.6 percent from 2007.

• Coldspring received a payment of $15,512.95, which was up by 24.6 percent from the December 2007 payment of $12,452.08. Since Jan. 1, the city has received $169,267.30, which is up by almost 2 percent from 2007.

 

 

 



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