Polk County Publishing Company, P.O. Box 1267, Livingston, TX. 77351 - (936) 327-4357











Trinity Standard - Local News

Copyright 2013 - Polk County Publishing Company

 

Trinity's April sales tax income dips 19%
Trinity Standard -

TRINITY – After posting increases throughout the first quarter of 2013, Trinity's city sales tax revenue sustained its first drop, falling by 19.3 percent in April compared to April 2012. According to figures released by Texas Comptroller Susan Combs, Trinity's April sales tax rebate totaled $46,003.78, which was down by $11,025.68 from the $57,029.46 received one year earlier. During all of 2012, Trinity's 2 percent sales tax generated more than $1.1 million, the most in the city's history. The annual total was up by $100,644 from the previous high of $1 million recorded in 2009. While down substantially from April 2013, the latest payment was still the third largest recorded for April. The highest April payment was the $57,029.46 received last year and the second largest was the $48,142.39 collected in 2009. So far this calendar year, a total of $307,945,70 in sales tax has been collected in Trinity, a figure that is up by $9,225.28 or about 3.1 percent from the first four months of 2012. 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 April check represents taxes collected by local merchants in February and reported to the Comptroller in March by monthly filers. Under state law, one quarter of the Trinity's sales tax revenue -- $11,500.94 in April -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $34,502.84 -- goes into the City of Trinity's general fund to support the operation of city services. Since the city's current budget or fiscal year (FY) began on Oct. 1, the tax has generated a total of $578,023.76, which was up by $19,842.50 or 3.6 percent from the $558,181.26 received during the first seven months of FY2012. Thus far during FY2013, the tax has generated $433,517.82 for the city's general fund, which is up by $14,881.88 from the same period last year. It also has produced $144,505.94 for TEIDC during the current budget year, a total that is up by $4,960.63 from the same period of FY2012. In her report, Combs said the state received $1.98 billion in sales tax revenue during the month, which represented a 5.5 percent increase from one year ago. "Sales tax revenue growth was seen in both the business and consumer sectors of the economy," Combs said. "Collections grew in sectors such as manufacturing and retail trade. Sales tax revenue has now increased for 36 consecutive months." Combs sent April sales tax allocations of $343 million to Texas cities, which was up by 6.6 percent from April 2012. Texas counties received $35.2 million in April rebate checks, up by 7.5 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 an April check for $11,541.86. This total is down by $4,170.21 -- or 26.5 percent -- from the $15,712.07 received in April 2012. Since Jan. 1, Groveton has collection $49,162.59 from the tax, a total that is down by 7.5 percent from the $53,130.99 received during the same period last year. In the latest report, Houston received the state's largest check for more than $44.4 million, which was up by 11.7 percent from the $39.8 million delivered one year ago. San Antonio's sales tax allocation was more than $18.4 million, which was up by 5.1 percent from the $17.5 million received one year ago. The $16.8 million issued to Dallas in April reflects a 4.1 percent increase from the $16.1 million received one year earlier. The Austin sales tax allocation for April was $12.2 million, which was up by 7.3 percent from the $11.4 million received one year earlier. Other East Texas cities that received April rebates: • Huntsville received a payment of $527,538.60, which was up by 9.1 percent from one year ago. So far this year, the city has collected almost $2.2 million from the tax, which is up by 3.1 percent from the same period in 2012. • Riverside received a payment of $8,564.14, which was down by 0.5 percent from April 2012. So far this year, the city has collected $36,728.61 from the tax, which is down by 6.6 percent from the same period of 2012. • Crockett received a payment of $114,464.18, which was up by 9.9 percent from one year ago. So far this year, the city has collected $546,554.97 from the tax, which is up by 19.2 percent from the same period of 2012. • Lovelady received a payment of $4,612.39, which was up by almost 30.1 percent from April 2012. So far this year, the city has collected $21,121.89 from the tax, which is up by 29 percent from the same period of 2012. • Onalaska received a payment of $28,031.70, which was down by 0,03 percent from the total collected one year ago. So far this year, the city has collected $130,707.99 from the tax, which is up by 5.8 percent from the same period of 2012. • Livingston received a payment of $306,231.25, which was up by almost 27 percent from one year ago. So far this year, the city has collected almost $1.2 million from the tax, which is up by 15.8 percent from the same period of 2012. • Coldspring received a payment of $16,807.84, which was down by 2.5 percent from the April 2012 payment. So far this year, the city has collected $74,726.87 from the tax, which is down by almost 4 percent from the same period of 2012.

 

Polk County Publishing Company