|Trinity Standard - Local News
Stories Added - January 2009
Copyright 2008 - Polk County Publishing Company
January sales tax payment up by 98%
Trinity Standard - January 2009
TRINITY – The City of Trinity’s January sales tax check climbed by over 98.5 percent over last year, rising to $70,505.60, according to Texas Comptroller Susan Combs.
The check was up from the $35,507.73 total received in January 2008 and represented the second largest January payment ever received by Trinity.
The largest January total was the $81,829.74 received in 2007.
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 January payment represents taxes collected on sales made in November by businesses that file monthly reports with the state.
Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $17,626.40 in January -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC).
The remaining 75 percent -- or $52,879.20 in January -- 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 $295,752.40, which was up by $38,057.12 or 14.8 percent from the $257,695.28 collected during the same four-month period last year.
So far this fiscal year, TEIDC has received $73,938.10 from the tax, which is up by $9,514.28 from the same period last year. The city’s general fund has taken in $221,814.30 from its share of the sale tax, a figure that is up by $28,542.84 from the same period last year.
In her report, Combs said the state received $1.86 billion in sales tax revenue, which represented a 2 percent increase from one year ago.
“State sales tax collections have grown 3.9 percent from the first four months of state fiscal year 2009,” Combs said. “Growth in overall collections has slowed compared to recent years, while remittances from key sectors such as construction and retail trade have declined.”
Combs sent January sales tax allocations of $309.0 million to Texas cities, up 2.2 percent from January 2008.
Texas counties received $29 million in January rebate checks, up 8.2 percent compared to one year ago. 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 January check for $11,198.81. This total is up by $1,907.79 or more than 20.5 percent from the $9,291.02 received in January 2008.
In the latest report, Houston received the state’s largest check for $41.6 million, which was up by about 5.9 percent from the $39.3 million delivered one year ago.
The $18.3 million issued to Dallas in January reflects an 8.6 percent increase from the $16.8 million received one year earlier.
San Antonio’s sales tax allocation was $15.7 million, which was down by 2.2 percent from the $16 million received one year ago.
The Austin sales tax allocation for January was $10.4 million, which was down by 7.2 percent from the $11.2 million received one year earlier.
Other East Texas cities that received January rebates:
• Huntsville received a payment of $488,932,34, which was up by 32.7 percent from January 2008.
• Riverside received a payment of $8,943.93, which was up by 39,5 percent from the January 2008 payment of $6,410.60.
• Crockett received a payment of $128,617.95, which was up by 12.9 percent from the $113,935.08 received one year ago.
• Lovelady received a payment of $1,713.72, which was up by 1.8 percent from the January 2008 payment of $2,665.63.
• Onalaska received a payment of $41,280.70, which was up by 121.6 percent from the $18,629.09 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 $302.722.05, which was up by 30.9 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 $19,236.84, which was up by 75.2 percent from the January 2008 payment of $10,982.66.