|Trinity Standard - Local News
Stories Added - June 2010
Copyright 2010 - Polk County Publishing Company
Sales tax income rebounds in May
Trinity Standard -
TRINITY – After falling between 11 to 47 percent over the past several months, sales tax income received by the City of Trinity grew in May for the first time since October 2009. According to report issued by Texas Comptroller Susan Combs, the May total of $116,947.72 grew by $6,964.93 or 6.3 percent compared with the $109,982.78 received one year earlier in May 2009. While the May payment was up from the previous year, it still was down from the $172,499.41 received by the city in May 2007. The largest sales tax check ever received by the city came in February 2009 for $188,239.49. 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 May check represents taxes collected by local merchants in March. It also includes taxes collected in January, February and March by merchants who file only quarterly statements with the Comptroller. The rise in sales tax income in May ended the six-month slide recorded in local sales tax income and marks the first time in 2010 that a gain has been posted. Since the start of the year, the drop in income included a 47.3% dip in January, a 22.5% drop in February, an 11.8% percent loss in March and a 17.9% fall in April. Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $29,236.93 in May -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $87,710.78 in May -- goes into the City of Trinity’s general fund to support the operation of city services. So far this year, the tax has generated $377,999.79, which is down by $82,682.57 or 17.9 percent from the first five months of 2009. The city’s share was $283.499.84, which is down by $62,011.93 or 17.9 percent from the same period of 2009. Since the city’s current fiscal year began on Oct. 1, the tax has generated a total of $430,254.30 for the city’s general fund, a total that is down by $84,192.57 or 16.4 percent from the $514,446.87 collected during the same eight-month period last year. During this fiscal year, TEIDC has received $143,418.10 from the tax, which is down by $28,064.19 from the same period last year. In her report, Combs said the state received $1.7 billion in sales tax revenue, which represented a 1.4 percent increase from one year ago. “This modest increase is welcome after 14 consecutive months of year-over-year declines,” Combs said. “Retail trade saw a nearly 5 percent increase in collections, and gains also occurred in the manufacturing sector. “Offsetting this were remittances from the oil and natural gas production sector and construction, which continued to decline, but at rates moderating substantially from those seen earlier this fiscal year,” she added. “April may signal the beginning of a recovery in sales tax collections, although further declines may occur as the sales tax gradually returns to growth.” Combs sent May sales tax allocations of $385.2 million to Texas cities, which was up by 5 percent from May 2009. Texas counties received $33.7 million in May rebate checks, up by 3.8 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 May check for $15,883.92. This total is down by $5,463.73 -- or almost 25.6 percent -- from the $21,347.65 received in May 2009. Since Jan. 1, Groveton has received $61,210.19 from the tax, a total that is down by $11,117.05 or 15.4 percent from last year. In the latest report, Houston received the state’s largest check for $47.4 million, which was up by 3.8 percent from the $45.7 million delivered one year ago. The $21.1 million issued to Dallas in May reflects a 4.2 percent increase from the $20.2 million received one year earlier. San Antonio’s sales tax allocation was $21 million, which was up by 6.3 percent from the $19.8 million received one year ago. The Austin sales tax allocation for May was $13.6 million, which was up by 12.2 percent from the $12.1 million received one year earlier. Other East Texas cities that received May rebates: • Huntsville received a payment of $636,978.76, which was up by 0.5 percent from May 2009. Since Jan. 1, the city has received almost $2.7 million from the tax, which is down by 8.5 percent from the same period last year. • Riverside received a payment of $11,868,45, which was down by 4.5 percent from the May 2009 payment of $12,426.97. Since Jan. 1, the city has received $50,417.01, which is down by almost 17 percent from the $60,722.11 received during the same period last year. • Crockett received a payment of $141,958.30, which was up by 6.1 percent from the $133,762.77 received one year ago. Since Jan. 1, the city has collected $569,483.43, which is down by 9.3 percent from the $628,118.33 collected during the same period last year. • Lovelady received a payment of $2,179.84, which was down by 23.2 percent from the May 2009 payment of $2,836.93. Since Jan. 1, the city has received $10,734.22, which is down 21.4 percent from the $13,662.96 collected during the same period last year. • Onalaska received a payment of $45,481.45, which was up by 3 percent from the $44,158.58 collected one year ago. Since Jan. 1, the city has received $164,918.60, which is down by 7.3 percent from the $177,831.26 received during the first five months of 2009. • Livingston received a payment of $270,735.15, which was down by 10.1 percent from the $301,057.44 collected one year ago. Since Jan. 1, the city has received over $1.2 million, which is down by 16.2 percent from the more than $1.4 million collected during the same period last year. • Coldspring received a payment of $29,140.44, which was up by 46.5 percent from the May 2009 payment of $19,890.50. Since Jan. 1, the city has received $105,519.08, which is up by 26 percent from the $83,716.79 received during the same period last year.