|City's sales tax rebates up again|
|Kerry Craig | News-Telegram Assistant Editor|
Oct. 10, 2004 -- Retail sales in Sulphur Springs continued a trend that began more than 18 months ago with modest increases in sales tax payments.
The October check for Sulphur Springs, $246,470.61 is an increase of more than 14.5 percent from the same period one year ago.
Through the first 10 months of this year, the city has received $3.027 million from sales tax, up 8.99 percent from last year. One third of that money goes to the Sulphur Springs-Hopkins County Economic Development Corporation.
Meanwhile, Cumby recorded an increase of 199.15 percent over October of last year. This year's payment was in the amount of $4,434.93 compared with last year's check of just more than $1,400.
The city of Cumby has, for the last 12 months, seen an appreciable increase over the previous year that is attributed to the sale of alcoholic beverages.
In September, Cumby residents also approved a one-half percentage point increase in the city's sales tax. The increased sales tax will not become effective until next year and then in two steps of one-fourth percent each.
Como's check for $1,187.06 is up more than 5 percent from the same period last year when the city received just more than $1,100 from the city sales tax.
Cooper was the only other city in the immediate area to see a double-digit increase from last year. A check for more than $6,680 reflects an increase in retail sales of just under 22 percent.
Mount Vernon was at the other end of the area scale with drop of 3.61 percent in retail sales this past August as compared with one year ago.
Commerce was only slightly ahead of Mount Vernon, with sales lagging 0.31 percent behind last year. Commerce saw a decrease of $288.61 in the amount of sales tax money received this month when compared with last year.
In Paris, retail sales activity was up slightly at 6.6 percent, Greenville up 1.37 percent, Mount Pleasant up 10.73 percent and Winnsboro up 15.09 percent from the same month last year.