Local retail sales on record-setting pace again
Bruce Alsobrook | News-Telegram Editor

Nov. 21, 2006 - Retail sales in the city of Sulphur Springs are once again on a record-setting pace, and the town's coffers could end up this year with about $400,000 more in rebates than in 2005.

The city of Sulphur Springs received a sales tax rebate of $403,573.70 this month, up 9.57 percent from November of 2005. That follows a year-long trend that has put collections up 10.78 percent through the first 11 months of the year.

To date in 2006, the city has received $3.83 million in sales tax collections.

If the per-month increase holds true for December, the city will have record sales tax collections of $4.185 million, beatiing last year’s record-setting $3.777 million.

Elsewhere in the county, Cumby’s collections were up 27.11 percent, from $11,355.91 to $14,435.11. For the year-to-date, Cumby has seen is sales tax rebates balloon 46.11 percent, from $79,864.20 to $116,427.85. Some of that increase can be attributed to a rise in the sales tax rate, from 1.25 percent to 1.5 percent, that took effect on Oct. 1, 2005.

Como’s sales tax rebate was down 42.82 percent, from $5,778.52 one year ago to $3,303.64 this month. For the first 11 months of the year, Como’s collections are 25.04 percent below one year ago. The rebates are down to $20,413.35 from $27,233.10.

Hopkins County's treasury benefitted from a $141,380.64 payment this month, up 7.45 percent compared to November 2005. Through the first 11 months of the year, the county has received $1.418 million, up 11.63 from last year.

Sulphur Springs' 10.78 percent increase would have been the tops among regional cities in many months, but the figure was dwarfed by Mount Pleasant's sales tax collections. The Titus County seat received a $443,143 payment this month, up 51.92 from November of last year. Through the first 11 months, the city's sales tax rebates have risen 13.86 percent.

Mount Pleasant has already recorded more total sales tax rebates than in all of 2005, with $4.076 million this year through the first 11 months, compared to the 12-month total of $3.877 million last year. If the yearly trend continues, expect Mount Pleasant to report sales tax rebates of just under $4.4 million for the year, shattering the record set in 2004 by half a million dollars.

Most neighboring cities reported upticks in sales tax collections this month.

Winnsboro, which has seen it's year-to-date collections rise 28.55 percent, received an $81,283 rebate this month, a 47.38 percent increase from November 2005.

Mount Vernon's rebates are up 18.68 percent this year. November's check of $50,983 was up 5.13 percent from one year ago.

Greenville also reported strong numbers, with a solid 6.11 increase for the month to $474,910. Greenville's year-to-date sales tax numbers are up 4.54 percent.

In Paris, the November check of $693,710 was a 14.09 percent rise. For the year, the city's collections are up 7.58 percent.

Emory reported a downturn in sales tax rebates this month, dropping 5.49 percent to $67,492. For the year, however, the city has reported an increase of 9.1 percent.

November's payments include local sales taxes collected by monthly filers on September sales, and by quarterly filers on July, August, and September sales, and reported to the state comptroller of public accounts in October.


Delta: $13,076.56, down 10.27; down 0.09 percent for the year

Mount Vernon: $50,983.27, up 5.13 percent; up 18.68 percent for the year.

Greenville: $474,910.62, up 6.11 percent; up 4.54 percent for the year.

Commerce: $100,269.35, up 3.96 percent; up 4.88 percent for the year.

Emory: $67,492.31, down 5.49 percent; up 9.10 percent for the year.

Mount Pleasant: $443,143.0, up 51.92; up 13.86 percent for the year.

Winnsboro: $81,283.83, up 47.38; up 28.55 percent for the year.

Paris: $693,710.58, up 14.09 percent; up 7.58 percent for the year.

By BRUCE ALSOBROOK

News-Telegram Managing Editor

Retail sales in the city of Sulphur Springs are once again on a record-setting pace, and the town's coffers could end up this year with about $400,000 more in rebates than in 2005.

The city of Sulphur Springs received a sales tax rebate of $403,573.70 this month, up 9.57 percent from November of 2005. That follows a year-long trend that has put collections up 10.78 percent through the first 11 months of the year.

To date in 2006, the city has received $3.83 million in sales tax collections.

If the per-month increase holds true for December, the city will have record sales tax collections of $4.185 million, beating last year’s record-setting $3.777 million.

Sales tax rebates generally reflect the amount of retail sales activity in an area.

Elsewhere in the county, Cumby’s collections were up 27.11 percent, from $11,355.91 to $14,435.11. For the year-to-date, Cumby has seen its sales tax rebates balloon 46.11 percent, from $79,864.20 to $116,427.85. Some of that increase can be attributed to a rise in the sales tax rate, from 1.25 percent to 1.5 percent, that took effect on Oct. 1, 2005.

Como’s sales tax rebate was down 42.82 percent, from $5,778.52 one year ago to $3,303.64 this month. For the first 11 months of the year, Como’s collections are 25.04 percent below one year ago. The rebates are down to $20,413.35 from $27,233.10.

Hopkins County's treasury benefitted from a $141,380.64 payment this month, up 7.45 percent compared to November 2005. Through the first 11 months of the year, the county has received $1.418 million, up 11.63 percent from last year.

Sulphur Springs' 10.78 percent increase would have been the tops among regional cities in many months, but the figure was dwarfed by Mount Pleasant's sales tax collections. The Titus County seat received a $443,143 payment this month, up 51.92 from November of last year. Through the first 11 months, the city's sales tax rebates have risen 13.86 percent.

Mount Pleasant has already recorded more total sales tax rebates than in all of 2005, with $4.076 million this year through the first 11 months, compared to the 12-month total of $3.877 million last year. If the yearly trend continues, expect Mount Pleasant to report sales tax rebates of just under $4.4 million for the year, shattering the record set in 2004 by half a million dollars.

Most neighboring cities reported upticks in sales tax collections this month.

Winnsboro, which has seen it's year-to-date collections rise 28.55 percent, received an $81,283 rebate this month, a 47.38 percent increase from November 2005.

Mount Vernon's rebates are up 18.68 percent this year. November's check of $50,983 was up 5.13 percent from one year ago.

Greenville also reported strong numbers, with a solid 6.11 increase for the month to $474,910. Greenville's year-to-date sales tax numbers are up 4.54 percent.

In Paris, the November check of $693,710 was a 14.09 percent rise. For the year, the city's collections are up 7.58 percent.

Emory reported a downturn in sales tax rebates this month, dropping 5.49 percent to $67,492. For the year, however, the city has reported an increase of 9.1 percent.

November's payments include local sales taxes collected by monthly filers on September sales, and by quarterly filers on July, August, and September sales, and reported to the state comptroller of public accounts in October.Paris: $693,710.58, up 14.09 percent; up 7.58 percent for the year.

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