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Trinity Standard - Local News
Stories Added - July 2010
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Sales tax dips by 7.4%

Trinity Standard -

TRINITY – After rebounding somewhat in May, the City of Trinity’s June sales tax income once again fell below amounts collected in 2009. While the June decline of 7.4 percent was less that previous month, it still represented the fifth month this year to list a drop in sales tax income. The $41,944.81 sent to the city this month as its share of the sales tax was down by $3,334.94 from the $45,279.75 received one year ago for June 2009. According to reports issued by Texas Comptroller Susan Combs, the local sales tax fell by 47.3 percent in January, 22.5 percent in February, 11.8 percent in March and 17.9 percent in April before gaining 6.3 percent in May. Combs’ office collects the local sales tax along with the state sales tax and sends the city a check for its share each month. The June check represents taxes collected by local merchants in April. Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $10,486.20 in June -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $31,458.61 in June -- goes into the City of Trinity’s general fund to support the operation of city services. So far this year, the tax has generated $419,944.60, which is down by $86,017.51 or 17.0 percent from the first six months of 2009. The city’s share was $314,958.45, which is down by $64,513.13 or 17.0 percent from the same period of 2009. Since Jan. 1, the tax has generated $104,986.15 for TEIDC, which is down by $21,504.38 from the same period last year. Since the city’s current fiscal year began on Oct. 1, the tax has generated a total of $615,617.21 of which $461,712.91 went to the city’s general fund. This represents a decline of $86,693.78 ort 15.8 percent from the same nine-month period last year. During this fiscal year, TEIDC has received $153,904.30 from the tax, which is down by $28,897.93 from the same period last year. In her report, Combs said the state received $1.78 billion in sales tax revenue, which represented a 0.1 percent increase from one year ago. “Total sales tax collections have met or exceeded year ago levels for the a second month in a row, following 14 months of decline,” Combs said. “This may indicate that a bottom has been reached. “May sales tax collections from retail trade, oil and gas, and restaurant activity outpaced those of May 2009. Remittances from other sectors, however, such as construction and manufacturing, fell below last year,” she added. “While overall economic conditions and sales tax revenues appear to be stabilizing, there remains a risk of further deterioration before a sustained recovery is underway.” Combs sent June sales tax allocations of $292.6 million to Texas cities, which was down by 1.5 percent from June 2009. Texas counties received $26.7 million in June rebate checks, up by 1 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 June check for $9,503.74. This total is down by $1,716.69 -- or almost 15.3 percent -- from the $11,220.43 received in June 2009. Since Jan. 1, Groveton has received $70,713.93 from the tax, a total that is down by $12,833.74 or 15.4 percent from last year. In the latest report, Houston received the state’s largest check for $36.2 million, which was down by 2.3 percent from the $37.1 million delivered one year ago. San Antonio’s sales tax allocation was $15.8 million, which was down by 2.7 percent from the $16.3 million received one year ago. The $15.3 million issued to Dallas in June reflects a 3.8 percent decrease from the $15.9 million received one year earlier. The Austin sales tax allocation for June was $11 million, which was up by 3.1 percent from the $10.7 million received one year earlier. Other East Texas cities that received June rebates: • Huntsville received a payment of $427,362.97, which was down by 12.7 percent from June 2009. Since Jan. 1, the city has received almost $3.1 million from the tax, which is down by 8.1 percent from the same period last year. • Riverside received a payment of $11,321.12, which was up by 15.5 percent from the June 2009 payment of $9,801.72. Since Jan. 1, the city has received $61,738.13, which is down by almost 12.5 percent from the $70,523.83 received during the same period last year. • Crockett received a payment of $94,166.90, which was down by 11.2 percent from the $105,994.13 received one year ago. Since Jan. 1, the city has collected $663,650.33, which is down by 9.6 percent from the $734,112.46 collected during the same period last year. • Lovelady received a payment of $2,187.58, which was down by 72.9 percent from the June 2009 payment of $8,068,51. Since Jan. 1, the city has received $12,921.80, which is down 40.5 percent from the $21,731.47 collected during the same period last year. • Onalaska received a payment of $24,915.39, which was down by 14 percent from the $28,955.49 collected one year ago. Since Jan. 1, the city has received $189,833.99, which is down by 8.2 percent from the $206,786.75 received during the first six months of 2009. • Livingston received a payment of $242,907.59, which was down by 1.1 percent from the $245,598.28 collected one year ago. Since Jan. 1, the city has received almost $1.5 million, which is down by 14 percent from the almost $1.7 million collected during the same period last year. • Coldspring received a payment of $17,941.99, which was up by 34.4 percent from the June 2009 payment of $13,345.38. Since Jan. 1, the city has received $123,461.07, which is up by 27.2 percent from the $97,062.17 received during the same period last year.

 

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