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Trinity Standard - Local News

Copyright 2011 - Polk County Publishing Company

 

Sales tax income up by 29.9%
Trinity Standard -

TRINITY – A $163,100.27 sales tax payment received by the City of Trinity this month reflected a 29.9 percent increase over the payment received one year ago. The November increase – the second largest of 2011 – marked the eighth consecutive month of sales tax gains recorded by the city, according to a report issued by State Comptroller Susan Combs. The payment was also the largest ever received by the city in November and the sixth largest monthly sales tax rebate ever collected by the city. The largest was the $188,239.49 check received in February 2009. The $163,100.27 sent to the city this month as its share of the sales tax was up by $37,517.66 from the $125,582.61 received one year ago for November 2010. According to reports issued by Combs, the local sales tax income increased by $102,776.81 during the first 11 months of 2011 when compared to the year before. The only months this year in which the total declined from the previous year were February, with a 7.3 percent drop, and March, with a 5.7 percent dip. April was an almost break-even month, recording only a 0.4 percent increase over the total received one year before. However, since then, each month posted at least a 5 percent gain. The largest payment and increase posted so far in 2011 came in August with a payment totaling $175,275.85, representing a 34.4 percent gain over the previous August. Combs’ office collects the local sales tax along with the state sales tax and sends the city a rebate 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 filers. 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 -- $40,775.07 in November -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $122,325.20 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 $904,055.21, which is up by $102,776.81 or 12.8 percent from the first 11 months of 2010. The city’s share was $678,041.41, which is up by $77,082.61 or 12.8 percent from the same period of 2010. Since Jan. 1, the tax has generated $226,013.80 for TEIDC, which is up by $25,694.20 from the same period last year. Since the city’s current fiscal year began on Oct. 1, the tax has generated a total of $210,374.85 of which $157,781.14 went to the city’s general fund. This represents an increase of $32,760.25 or 26.2 percent from the same two-month period last year. During this fiscal year, TEIDC has received $52,593.71 from the tax, which is up by $10,920.08 from the same period last year. In her report, Combs said the state received $1.87 billion in sales tax revenue, which represented a 15.9 percent increase from one year ago. "Strong growth in business sectors such as the oil and natural gas industry boosted sales tax revenue for yet another month," Combs said. "State sales tax revenue has now increased for 19 consecutive months. Sales tax also grew in the manufacturing industry, as well as consumer sectors such as the restaurant industry and retail trade." Combs sent November sales tax allocations of $388.4 million to Texas cities, which was up by 5.7 percent from November 2010. Texas counties received $35.5 million in November rebate checks, up by 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 November check for $21,227.85. This total is up by $1,905.93 -- or 9.9 percent -- from the $19,321.92 received in November 2010. Since Jan. 1, Groveton has received $145,922.88 from the tax, a total that is up by $8,050.86 or 5.8 percent from last year. In the latest report, Houston received the state’s largest check for $48.5 million, which was up by almost 10 percent from the $44.1 million delivered one year ago. The $21.2 million issued to Dallas in November reflects a 6.6 percent increase from the $19.9 million received one year earlier. San Antonio’s sales tax allocation was $19.8 million, which was up by 3.5 percent from the $19.2 million received one year ago. The Austin sales tax allocation for November was $13 million, which was up by 4 percent from the $12.5 million received one year earlier. Other East Texas cities that received November rebates: • Huntsville received a payment of $682,008.98, which was up by 1.3 percent from November 2010. Since Jan. 1, the city has received $6.1 million from the tax, which is up by 6.6 percent from the same period last year. • Riverside received a payment of $12,320.36, which was up by 4.3 percent from the November 2010 payment of $11,815.51. Since Jan. 1, the city has received $106,982.66, which is down by over 8 percent from the $116,326.66 received during the same period last year. • Crockett received a payment of $131,459.85, which was down by almost 6 percent from the $139,834.64 received one year ago. Since Jan. 1, the city has collected over $1.3 million, which is up by 3.5 percent from the $1.2 million collected during the same period last year. • Lovelady received a payment of $3,624.79, which was up by 3.9 percent from the November 2010 payment of $3,489.73. Since Jan. 1, the city has received $38,016.90, which is up 42.6 percent from the $26,658.02 collected during the same period last year. • Onalaska received a payment of $45,726.40, which was down by 4.4 percent from the $47,855.64 collected one year ago. Since Jan. 1, the city has received $384,510.84, which is up by 2.6 percent from the $374,637.57 received during the first 11 months of 2010. • Livingston received a payment of $262,782.36, which was up by 2.1 percent from the $257,292.71 collected one year ago. Since Jan. 1, the city has received almost $2.9 million, which is up by 5.7 percent from the $2.7 million collected during the same period last year. • Coldspring received a payment of $28,463.63, which was up by 2.9 percent from the November 2010 payment of $27,665.56. Since Jan. 1, the city has received $232,378.11, which is up by 0.2 percent from the $232,324.62 received during the same period last year.

 

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