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

Sales tax income hits record high
Trinity Standard - February 2009


TRINITY – After almost doubling in January, the City of Trinity’s January sales tax payment hit an all-time high in February with a payment of $188,239.49.
According to figures posted by Texas Comptroller Susan Combs, the February payment was up by 40.2 percent or $54,001.92 from the $134,237.57 receive one year ago in February 2008.
It also is up by 9.1 percent or $15,740.08 from the previous record monthly high of $172,499.41 received in May 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 February payment represents taxes collected on sales made in December by businesses that file monthly reports with the state. It also includes local sales made in October and November by merchants who file quarterly reports as well as taxes collected by businesses that file annual reports.
Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $47,059.87 for February -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC).
The remaining 75 percent -- or $141,179.62 in February -- goes into the City of Trinity’s general fund to support the operation of city services.
So far this year, the tax has generated  $64,686.27 for TEIDC – which is up by 52.4 percent or $22,249.95 from the total collected during the first two months of 2008.
The city’s share for the first two months of the year was $194,058.82, which is 52.5 percent or $66,749.84 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 $483,991.89, which was up by $92,059.04 or 22.5 percent from the $391,932.85 collected during the same five-month period last year.
During this fiscal year, TEIDC has received $120,997.97 from the tax, which is up by $23,014.76 from the same period last year. The city’s general fund has taken in $362,993.92 from its share of the sale tax, a figure that is up by $69,044.28 from the same period last year.
In her report, Combs said the state received $1.92 billion in sales tax revenue, which represented a 3.9 percent increase from one year ago.
“Growth in state sales tax collections remains modest,” Combs said. “While overall growth has continued for the first five months of fiscal 2009, collections from important sectors such as retail trade and construction have decreased.”
Combs sent February sales tax allocations of $445.2 million to Texas cities, up 2.5 percent from February 2008.
Texas counties received $41.4 million in February rebate checks, up 9.9 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 February check for $18,311.20. This total is down by $283.73 -- or more than 1.5 percent from the $18,594.93 received in February 2008.
In the latest report, Houston received the state’s largest check for $58.7 million, which was up by about 9.1 percent from the $53.8 million delivered one year ago.
The $23.6 million issued to Dallas in February reflects a 6.6 percent decrease from the $25.3 million received one year earlier.
San Antonio’s sales tax allocation was $22.9 million, which was down by 1.2 percent from the $23.2 million received one year ago.
The Austin sales tax allocation for February was $13.8 million, which was down by 14.3 percent from the $16.1 million received one year earlier.
Other East Texas cities that received February rebates:
• Huntsville received a payment of $726,567.37, which was up by 5.1 percent from February 2008. So far this year, the city has received $1.2 million from the tax, which is up by 14.7 from the same period last year.
• Riverside received a payment of $11,251.75, which was down by 11 percent from the February 2008 payment of $12,641.49. So far this year, the city has received $20,195.69, which is up by 6 percent from the $19,052 received during the same period last year.
• Crockett received a payment of $167,095.03, which was down by 0.3 percent from the $167,577.03 received one year ago. So far this year, the city has collected $295,712.98, which is up by more than 5 percent from the same period last year.
• Lovelady received a payment of $3,459.14, which was up by 49.4 percent from the February 2008 payment of $2,315.40. So far this year, the city has received $6,172.86, which is up by 23.9 percent from the same period last year.
• Onalaska received a payment of $48,051.47, which was up by 5.7 percent from the $45,455.55 collected one year ago. Since Jan. 1, the city has received $89,332.17, which is up by 39.4 percent from the same period in 2008.
• Livingston received a payment of $364,599.72, which was up by 14.1 percent from the total collected one year ago. Since Jan. 1, the city has received $667,321.77, which is up by 21.1 percent from the same period last year.
• Coldspring received a payment of $19,846.96, which was up by 7.8 percent from the February 2008 payment of $18,417.52. So far this year, the city has received $39,083.80, which is up by 32.9 percent from the $29,400.18 received one year ago.

 

 



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