|City's sales taxes reflect healthy retail growth|
|Kerry Craig | News-Telegram Assistant Editor|
June 16, 2004 -- Hopkins County's economy continues to be on a roll with retail sales figures signaling a continued upward trend.
The city of Sulphur Springs saw its sales tax allocation (which reflects retail sales) from the state comptroller's office rise 15.5 percent from June of 2003. The city's sales tax check this month amounted to $285,505, up nearly $40,000 from the same month last year when the city received $247,223.
So far in 2004, the city has received sales tax payments totaling $1.8 million, up 9.62 percent from the first six months of 2003.
Cumby continues to hold the lead in percentage of retail growth. This month saw a sales tax increase of just more than 110 percent over June of 2003. The check totaled $3,048 as compared to $1,449 a year ago.
For the year to date, Cumby's sales tax allocations are at $21,555, an increase of almost 99 percent over the first half of 2003.
Cumby's dramatic economic growth is attributed to the sales of alcoholic beverages approved by voters in that community in September.
The city of Como saw its first significant sales tax increase in many months. The June sales tax rebate check of $2,006 was up 51 percent from June of 2003. Through the first six months of the year, Como has collected $8,759, up 6.4 percent from the same time last year.
The Hopkins County government treasury also saw improved sales tax numbers this month. The county's coffers swelled by $109,777 this month, up 20.32 from June of 2003. For the first half of this year, sales tax allocations total $659,617, up 9.3 from the first six months of 2003.
Across the county line in Hunt County, retail sales in Commerce showed a decrease of more than 3.5 percent for the month, but year-to-date sales tax allocations are up about 2.4 percent over the first half of 2003.
In Greenville, the sales tax check for $389,815 was down just over one-quarter percent from June 2003, while the yearlong figures are up just over 3 percent.
In Winnsboro, this month's allocation was slightly more than 12 percent over the $37,660 received in June of 2003. For the year, sales tax payments to that city are up 14.58 percent.
Retail sales continued to slump in neighboring Mount Vernon where a decrease of 13.7 percent has been posted for the the month and the year-to-date numbers are down 16.8 percent.
In Paris, the sales tax rebate of $424,785 this month is 1.06 percent more than one year ago. Retail sales growth in that city is only slightly more than 4.5 percent for the year to date.
In Rains County, one of the fastest-growing counties in the state and nation, sales tax collections reflected the rapidly rising population. The three municipalities in that county -- Emory, Point and East Tawakoni -- saw combined sales tax collections of $50,625, up 43.18 percent from June of 2003. So far this year, those three towns have seen collections rise to $338,852, up 16.51 from the first half of 2003.