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Trinity Standard - Local News

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Trinity sales tax income up by 5.5%
Trinity Standard -

TRINITY – After posting declines in both April and May, Trinity's city sales tax income once again was climbing in June. According to a report posted by Texas Comptroller Susan Comb, Trinity's June sales tax rebate totaled $51,667.65, which was up by $2,705.96 or 5.5 percent from the $48,961.68 received one year earlier. The June gain followed a 19.3 percent drop in April and a 8.1 percent decline in May. The latest rebate total is the second largest June sales tax payment ever issued to Trinity. The largest was $57,597.44 collected in June 2008. So far this calendar year, a total of $523,163.50 in sales tax has been collected in Trinity, a figure that is down by $2,554.01 or about 0.5 percent from the first six 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 June check represents taxes collected by local merchants in April and reported to the Comptroller in May by monthly filers. Under state law, one quarter of the Trinity's sales tax revenue -- $12,916.91 in June -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $38,750.74 -- 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, 2012, the tax has generated a total of $793,241.56, which was up by $8,063.21 or 1.0 percent from the $785,178.35 received during the first nine months of FY2012. Thus far during FY2013, the tax has generated $594,931.17 for the city's general fund, which is up by $6,047.41 from the same period last year. It also has produced $198,310.39 for TEIDC during the current budget year, a total that is up by $2,015.80 from the same period of FY2012. In her report, Combs said the state received $2,26 billion in sales tax revenue during the month, which represented a 7.9 percent increase from one year ago. "Growth in state sales tax revenue was led by collections from the information services and construction sectors," Combs said. "Restaurants also showed notable growth, while oil and natural gas-related activity remains a major source of strength." Combs sent June sales tax allocations of $365.3 million to Texas cities, which was up by 8.3 percent from June 2012. Texas counties received $37.1 million in June rebate checks, up by 8.3 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 June check for $10,899.69. This total is up by $2,374.54 -- or 27.9 percent -- from the $8,525.15 received in June 2012. Since Jan. 1, Groveton has collection $77,116.10 from the tax, a total that is down by 2.1 percent from the $78,804.86 received during the same period last year. In the latest report, Houston received the state's largest check for more than $47,7 million, which was up by 11.1 percent from the $42.9 million delivered one year ago. San Antonio's sales tax allocation was more than $21.4 million, which was up by 14.1 percent from the $18.8 million received one year ago. The $18.9 million issued to Dallas in June reflects an 8.6 percent increase from the $17.4 million received one year earlier. The Austin sales tax allocation for June was $12.36 million, which was down by 0.1 percent from the $12.37 million received one year earlier. Other East Texas cities that received June rebates: • Huntsville received a payment of $485,445.41, which was up by 2.4 percent from one year ago. So far this year, the city has collected over $3.3 million from the tax, which is up by 2.5 percent from the same period in 2012. • Riverside received a payment of $9,316.30, which was down by 10.8 percent from June 2012. So far this year, the city has collected $57,763.37 from the tax, which is down by 7.4 percent from the same period of 2012. • Crockett received a payment of $120,516.91, which was up by 8.9 percent from one year ago. So far this year, the city has collected $834,265.57from the tax, which is up by 15.2 percent from the same period of 2012. • Lovelady received a payment of $4,716.54, which was up by almost 27.1 percent from June 2012. So far this year, the city has collected $30,982.96 from the tax, which is up by 25 percent from the same period of 2012. • Onalaska received a payment of $30,890.78, which was up by 9,4 percent from the total collected one year ago. So far this year, the city has collected $210,657.34 from the tax, which is up by 7.3 percent from the same period of 2012. • Livingston received a payment of $304,541.36, which was up by 22.5 percent from one year ago. So far this year, the city has collected almost $1.8 million from the tax, which is up by 16.4 percent from the same period of 2012. • Coldspring received a payment of $16,996.37, which was down by 6.4 percent from the June 2012 payment. So far this year, the city has collected $119,252.15 from the tax, which is down by almost 4.2 percent from the same period of 2012.

 

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