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Trinity Standard - Local News

Copyright 2013 - Polk County Publishing Company

 

Sales tax income climbs by 19.2%
Trinity Standard -

TRINITY – Trinity city sales tax income continued to climb in July, growing by more than 19.2 percent over the amount collected one year earlier. According to a report posted by Texas Comptroller Susan Comb, Trinity's July sales tax rebate totaled $58,661.75, which was up by $9,467.48 from the $49,194.27 received in July 2012. The July gain followed a 5.5 percent increase in June. The latest rebate total is the second largest July sales tax payment ever issued to Trinity. The largest was $70,148.71 collected in July 2009. So far this calendar year, a total of $581,825.25 in sales tax has been collected in Trinity, a figure that is up by $6,913.47 or about 1.2 percent from the first seven 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 July check represents taxes collected by local merchants in May and reported to the Comptroller in June by monthly filers. Under state law, one quarter of the Trinity's sales tax revenue -- $14,665.44 in July -- is earmarked for economic development and is paid to the Trinity Economic and Industrial Development Corporation (TEIDC). The remaining 75 percent -- or $43,996.31 -- 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 $851,903.31, which was up by $17,530.69 or 2.1 percent from the $834,372.62 received during the first 10 months of FY2012. Thus far during FY2013, the tax has generated $638,927.48 for the city's general fund, which is up by $13,148.02 from the same period last year. It also has produced $212,975,83 for TEIDC during the current budget year, a total that is up by $4,382.67 from the same period of FY2012. In her report, Combs said the state received $2.17 billion in sales tax revenue during the month, which represented a 9,1 percent increase from one year ago. "Growth in sales tax receipts was led by business sectors such as manufacturing and construction," Combs said. "Remittances from the oil and natural gas industry remain strong, while sales tax revenue was also notable for restaurants -- a consumer sector." Combs sent July sales tax allocations of $377.4 million to Texas cities, which was up by 7.7 percent from July 2012. Texas counties received $38.6 million in July 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 July check for $10,317.55. This total is up by $1,556.22 -- or 17.8 percent -- from the $8,761.33 received in July 2012. Since Jan. 1, Groveton has collected $87,433.65 from the tax, a total that is down by 0.2 percent from the $87,566.19 received during the same period last year. In the latest report, Houston received the state's largest check for almost $49.7 million, which was up by 6.7 percent from the $46,6 million delivered one year ago. San Antonio's sales tax allocation was more than $22.1 million, which was up by 17.2 percent from the $18.9 million received one year ago. The $19.7 million issued to Dallas in July reflects a 10.6 percent increase from the $17.8 million received one year earlier. The Austin sales tax allocation for July was $14.1 million, which was up by 12.3 percent from the $12.5 million received one year earlier. Other East Texas cities that received July rebates: • Huntsville received a payment of $486,739.70, which was down by 2 percent from one year ago. So far this year, the city has collected over $3.8 million from the tax, which is up by 1.9 percent from the same period in 2012. • Riverside received a payment of $9,398.29, which was down by 14.6 percent from July 2012. So far this year, the city has collected $67,161.66 from the tax, which is down by 8.4 percent from the same period of 2012. • Crockett received a payment of $121,892.20, which was up by 2.5 percent from one year ago. So far this year, the city has collected $956,157.77 from the tax, which is up by 13.4 percent from the same period of 2012. • Lovelady received a payment of $5,606.48, which was up by 65.6 percent from July 2012. So far this year, the city has collected $36,589.44 from the tax, which is up by 29.9 percent from the same period of 2012. • Onalaska received a payment of $34,576.94, which was up by 11.4 percent from the total collected one year ago. So far this year, the city has collected $245,234.28 from the tax, which is up by 7.9 percent from the same period of 2012. • Livingston received a payment of $285,514.19, which was up by 6.6 percent from one year ago. So far this year, the city has collected over $2,1 million from the tax, which is up by 15 percent from the same period of 2012. • Coldspring received a payment of $18,873.34, which was up by 9.3 percent from the July 2012 payment. So far this year, the city has collected $138,125.49 from the tax, which is down by 2.5 percent from the same period of 2012.

 

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