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SSISD board to review improvement plan

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School trustees Monday night will be asked to approved the Sulphur Springs Independent School District improvement plan, the annual financial and compliance audit, and during executive session will discuss pending claims and ongoing litigation with the district’s legal counsel.

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Two new public art projects planned for Greenville, Commerce

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Two new large-scale public art projects are being planned by Hunt County Public Art, helping to continue the revitalization of Hunt County in 2015 using work produced by local artists.

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Local sales tax rebate more than doubles state average

By KERRY CRAIG News-Telegram

The economy in Sulphur Springs continues to maintain a steady growth, based on taxes collected on retail sales in the area, and more than doubled the statewide average of 4.3 percent. In Sulphur Springs, retail sales increased by more than 9.7 percent in December 2014 and resulted in $408,611 coming back to the city, up from the $372,474 received for the same period a year ago. Como also saw an increase of 3.26 percent, receiving more than $3,000 in sales tax dollars. At the same time last year, Como received $2,973. Sales tax dollars coming back to Cumby were down 4.17 percent. Cumby received $7,921 as opposed to the $8,276 received for December 2013. The upward trend was apparent throughout Northeast Texas, where Paris realized an increase of just over 10 percent, Mount Pleasant was up almost 13 percent, Commerce up more than 9 percent and Greenville up 6.5 percent. In Delta County, Cooper received $7,579 in sales tax revenue, an increase of almost 8.4 percent over the previous year. Elsewhere around Northeast Texas, Winnsboro realized an increase of 10.25 percent and Quitman was up almost 8 percent. On the negative side, Emory saw a decrease in retail sales of more than 25 percent, Mount Vernon was down almost 4 percent and Yantis was down 2.65 percent. Hopkins County's 0.5 percent sales tax generated $152,073, an increase of 8.7 percent over last year. Around the state, one of the biggest jumps in retail sales was in the Abilene suburb of Impact, which posted an increase in retail sales of 1,222.66 percent over the same period last year with sales tax jumping from $39.35 percent in 2014 to $520 this year. Texas Comptroller Glenn Hegar said that state sales tax revenue in December was $2.35 billion, up 4.3 percent compared to December 2013. “Although moderating slightly, growth in sales tax revenues continues to be seen across all economic sectors,” Hegar said. “Collections from the oil and natural-gas, construction, manufacturing and services sectors rose, while remittances due to consumer spending in the retail trade and restaurant sectors also grew.”

Hopkins County clearance rate up, crime down in 2014

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hcso_offenses_cleared_2014.jpgCrime in Hopkins County reached a 15-year low in 2014, marking only the third time since 2000 there have been less than 200 crimes. While the crime rate fell, the clearance rate rose last year so that Hopkins County Sheriff’s Office posted the highest clearance rate in seven years.

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Guaranty Bancshares Inc. announces second agreement in as many weeks to purchase a lending institution to expand its DFW market

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MOUNT PLEASANT — Guaranty Bancshares Inc. the holding company of Guaranty Bank & Trust, on Thursday purchased its second lending institution in the last two weeks.

Guaranty and DCB Financial Corp., the holding company of Preston State Bank, jointly announced an agreement in which Guaranty will acquire DCB through a merger.

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