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Home News-Telegram News Sales tax receipts take downturn in July

Sales tax receipts take downturn in July

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After enjoying increases in retail sales and sales tax revenue for the first six months of this year, Sulphur Springs saw a drop from double-digit increases to a decrease of almost 3 percent in July, according to the monthly report from the state comptroller's office.

   The payment received by the city in the amount of $358,317, representing retail sales in July and reported in August, was 2.98 percent less than the $369,326 received a year ago.
    Cumby, which has seen a steady decline in retail sales the first six months of 2013, saw its largest decline so for at 33.44 percent in July sales tax revenue.
    Como was also down almost 3.5 percent for the same period.
    Hopkins County's sales tax revenues dropped 4 percent, from almost $385,000 last year to just more than $369,000 this month.
    Elsewhere around Northeast Texas, the city of Greenville was up almost 9 percent, Commerce was up less than 1 percent and Paris saw an increase of 8.55 percent.
    Mount Pleasant, however, saw a significant drop, more than 25 percent, in sales tax revenues as compared with a year ago.
    In Wood County, Winnsboro was up 20 percent, while Mineola and Quitman were up 9.5 and 5.5 percent, respectively.
    The sales tax payments were based on retail sales in July and reported to the state comptroller's office in August.

 

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