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Trinity Standard - Local News
Stories Added - November 2010
Copyright 2010 - Polk County Publishing Company

Sales tax income climbs by 8.5%
Trinity Standard -

TRINITY – After falling sharply during the first half of the year, local sales tax income continued to rebound in November, climbing by 8.5 percent over last year. The increase recorded earlier this month marked the third consecutive month that the sales tax rebates sent by State Comptroller Susan Combs has climber above 2009 levels. It also was the largest increase recorded since a 15 percent jump posted in August 2009. The $125,582.61 sent to the city this month as its share of the sales tax was down up $9,811.15 from the $115,771.46 received one year ago for November 2009. According to reports issued by Combs, the local sales tax income fell by almost $171,000 during eight months of 2010 when compared to the year before. However, in September, the total started to climb back up slightly. The September payment from Combs was up by 1.7 percent or $683.30 while the October figure was up by 7.4 percent or $2,850.09. 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 November check represents taxes collected by local merchants in September and reported to the Comptroller in October by monthly fillies. It also includes July, August and September sales reported in October by those who file only quarterly reports.. Under state law, one quarter of the Trinity’s 2 percent sales tax revenue -- $31,395.65 in November -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $94,186.96 in November -- goes into the City of Trinity’s general fund to support the operation of city services. So far this year, the tax has generated $801,278.40, which is down by $157,621.68 or 16.4 percent from the first 11 months of 2009. The city’s share was $600,958.80, which is down by $118,216.26 or 16.4 percent from the same period of 2009. Since Jan. 1, the tax has generated $200,319.60 for TEIDC, which is down by $39,405.42 from the same period last year. Since the city’s current fiscal year began on Oct. 1, the tax has generated a total of $166,694.52 of which $125,020.89 went to the city’s general fund. This represents an increase of $9,495.93 or 8.2 percent from the same two-month period last year. During this fiscal year, TEIDC has received $41,673.63 from the tax, which is up by $3,165.31 from the same period last year. In her report, Combs said the state received $1.62 billion in sales tax revenue, which represented a 6.6 percent increase from one year ago. “Total sales tax collections have now exceeded year ago amounts for a seventh consecutive month,” Combs said. “Once again growth was posted in major sectors like the oil and gas industry, retail trade and construction. We will need to keep monitoring revenue from these and other sectors to see if tax collections maintain an upward trend,” the comptroller added. Combs sent November sales tax allocations of $367.2 million to Texas cities, which was down by 7.2 percent from November 2009. Texas counties received $32.2 million in November rebate checks, up by 14.2 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 November check for $19,321.92. This total is up by $787.42 -- or 4.2 percent -- from the $18,534.50 received in November 2009. Since Jan. 1, Groveton has received $137,872.02 from the tax, a total that is down by $12,047.46 or 8 percent from last year. In the latest report, Houston received the state’s largest check for $44.1 million, which was up by 5.4 percent from the $41.8 million delivered one year ago. The $19.9 million issued to Dallas in November reflects a 7 percent increase from the $18.6 million received one year earlier. San Antonio’s sales tax allocation was $19.1 million, which was up by 5.9 percent from the $18.1 million received one year ago. The Austin sales tax allocation for November was $12.5 million, which was up by 7.7 percent from the $11.6 million received one year earlier. Other East Texas cities that received November rebates: • Huntsville received a payment of $673,177, which was up by 11.7 percent from November 2009. Since Jan. 1, the city has received $5.7 million from the tax, which is down by 3.9 percent from the same period last year. • Riverside received a payment of $11,815.51, which was down by 0.8 percent from the November 2009 payment of $11,905.98. Since Jan. 1, the city has received $116,326.66, which is down by almost 19.1 percent from the $143,788.46 received during the same period last year. • Crockett received a payment of $139,834.64, which was up by 1.1 percent from the $138,309 received one year ago. Since Jan. 1, the city has collected over $1.2 million, which is down by 4.2 percent from the almost $1.3 million collected during the same period last year. • Lovelady received a payment of $3,489.73, which was up by 8.3 percent from the November 2009 payment of $3,221.33. Since Jan. 1, the city has received $26,658.02, which is down 29.4 percent from the $37,759.22 collected during the same period last year. • Onalaska received a payment of $47,855.64, which was down by 7.7 percent from the $51,875.79 collected one year ago. Since Jan. 1, the city has received $374,637.57, which is down by 4.1 percent from the $390,838.66 received during the first 11 months of 2009. • Livingston received a payment of $257,292.71, which was up by 7.2 percent from the $239,968.94 collected one year ago. Since Jan. 1, the city has received almost $2.7 million, which is down by 7.7 percent from the $2.9 million collected during the same period last year. • Coldspring received a payment of $27,665.56, which was up by 67.6 percent from the November 2009 payment of $16,503.32. Since Jan. 1, the city has received $232,324.62, which is up by 35.8 percent from the $171,047.60 received during the same period last year.

 

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