|City sales continue upward trend|
|Kerry Craig | News-Telegram Assistant Editor|
Nov. 12, 2004 -- With the three biggest months for retail sales still to be reported, the economy in Hopkins County continues to improve with an almost 9 percent increase in retail sales in Hopkins County in September.
The 8.74 percent increase over last year continues ahead of the five-percent trend established last year.
The city's 1.5 percent share of the 8.25 percent sales tax collected on retail sales added up to $356,582.47 and held the change for the year to date at just under 9 percent.
"It looks like it will continue doing that for another four or five months and then we will start lapping," said Peter Karstens, financial director for the city of Sulphur Springs. "In other words, we will hit February, and at that point, we'll see then how we are doing."
The city's financial director continued to credit new businesses in the city with the upward trend in sales and said it would be interesting to see what happens to the trend as those outlets go into their second year of operation.
The city of Cumby continues to outpace the rest of the area in percentage increases in retail sales over the previous year, when the legal sale of alcoholic beverages was approved by voters there.
Cumby's check for more than $5,971 reflects an increase of 64.79 percent over a year ago.
The amount of sales tax coming back to Cumby will get another boost after the first of the year when an increase in the sales tax rate, approved this past September by voters, begins taking effect.
Retail sales in Como in September apparently took a big jump also, with an almost 79 percent increase reported by the state.
Como's November sales tax check was for almost $2,085 while last month's payment was just under $1,164.
In Mount Pleasant, an increase of more than 11 percent in retail sales was indicated for retail activity in September, while Commerce was up 6.64 percent, Greenville up 2.2 percent and Paris up 6.5 percent.
Winnsboro enjoyed an increase of 5.5 percent while Mount Vernon continued to suffer a downward rate of 10 percent over the past 12 months.