Sales tax rebates decline slightly, still ahead of 2006

By BRUCE ALSOBROOK | News-Telegram Managing Editor

June 19, 2007 - Sales tax rebates for the city of Sulphur Springs did something they haven’t much in recent times — they decreased.

But it’s an ever so slight dip — less than half of 1 percent — and the year’s collections are still more than 3 percent ahead of one year ago.

This month’s sales tax rebate to the city totaled $304,288.08, down 0.46 percent from the $305,696.58 in June of 2006.

For the year, the city has collected $2.114 million from retail sales taxes, compared to $2.049 million through the first half of 2006. That translates to a 3.14 percent increase.

Sales tax collections reflect retail sales activity in the area. This month's rebates reflect sales of goods in April and reported to the state comptroller's office in May.

Sulphur Springs City Finance Director Peter Karstens noted earlier this year that while sales tax collection increases this year aren’t has high as they have been, it was still a sign of a healthy economy. He pointed out that the 3 and 4 percent increases seen this year were on top of double-digit improvements over the past two years or so.

In the last three years, sales tax rebates to the city, when compares to the same month the previous year, have only decreased five times.

2006 set the record for sales tax collections in the city at $4.123 million. This year, the total is on pace to reach $4.253 million.

Hopkins County’s treasury, conversely, did not see a decline this month. The county’s sales tax rebate of $120,767 was up 0.77 percent from one year ago. Through the first six months of the year, the county’s collections of $795,681 are 5.44 percent ahead of one year ago.

Elsewhere in Hopkins County, the city of Como reported an increase in rebates, while Cumby saw it’s sales tax totals fall. Como received $1,487, up 5.09 percent from one year ago. Cumby’s $9,699 dropped 8.74 percent from June of 2006.

For the year to date, Cumby’s rebates are at $62,764, up 5.73 percent. Como’s $8,135, however, is down 12.81 percent from the first half of 2006.

In Hunt County, overall collections for the month are up 7.44 percent, due largely to the city of Quinlan, which saw its sales tax check climb 93.57 percent to $58,609. For the year, Hunt County municipalities have seen an average jump of 7.93 percent in sales tax rebates.

In Wood County, overall rebates were up 6.62 percent, with Winnsboro reported a 4.45 increase to $59,164. Sales tax collections in Yantis were up 27.36 percent to $2,044. Collections for the year are up 11.62 percent in Wood county cities and towns.

Delta County also reported an increase of 13.23 percent, with Cooper’s $5,628 up 13.41 percent from 12 months ago. The year-to-date collections are down 4.14 pecent in Delta County

In Rains County, rebates were down 6.81 percent, specially in Emory, where the $58,161 check was 7.54 percent lower than in June 2006. The rebates for the first six months are up 1.54 percent from 2006.

In Mount Vernon, the $45,793 collected was a healthy increase of 29.56 percent. For the year, however, the city’s rebates are down 12.61 percent.

Collections on pace to set record

By BRUCE ALSOBROOK

News-Telegram Managing Editor

Sales tax rebates for the city of Sulphur Springs did something they haven’t much in recent times — they decreased.

But it’s an ever so slight dip — less than half of 1 percent — and the year’s collections are still more than 3 percent ahead of one year ago.

This month’s sales tax rebate to the city totaled $304,288.08, down 0.46 percent from the $305,696.58 in June of 2006.

For the year, the city has collected $2.114 million from retail sales taxes, compared to $2.049 million through the first half of 2006. That translates to a 3.14 percent increase.

Sales tax collections reflect retail sales activity in the area. This month's rebates reflect sales of goods in April and reported to the state comptroller's office in May.

Sulphur Springs City Finance Director Peter Karstens noted earlier this year that while sales tax collection increases this year aren’t has high as they have been, it was still a sign of a healthy economy. He pointed out that the 3 and 4 percent increases seen this year were on top of double-digit improvements over the past two years or so.

In the last three years, sales tax rebates to the city, when compares to the same month the previous year, have only decreased five times.

2006 set the record for sales tax collections in the city at $4.123 million. This year, the total is on pace to reach $4.253 million.

Hopkins County’s treasury, conversely, did not see a decline this month. The county’s sales tax rebate of $120,767 was up 0.77 percent from one year ago. Through the first six months of the year, the county’s collections of $795,681 are 5.44 percent ahead of one year ago.

Elsewhere in Hopkins County, the city of Como reported an increase in rebates, while Cumby saw it’s sales tax totals fall. Como received $1,487, up 5.09 percent from one year ago. Cumby’s $9,699 dropped 8.74 percent from June of 2006.

For the year to date, Cumby’s rebates are at $62,764, up 5.73 percent. Como’s $8,135, however, is down 12.81 percent from the first half of 2006.

In Hunt County, overall collections for the month are up 7.44 percent, due largely to the city of Quinlan, which saw its sales tax check climb 93.57 percent to $58,609. For the year, Hunt County municipalities have seen an average jump of 7.93 percent in sales tax rebates.

In Wood County, overall rebates were up 6.62 percent, with Winnsboro reported a 4.45 increase to $59,164. Sales tax collections in Yantis were up 27.36 percent to $2,044. Collections for the year are up 11.62 percent in Wood county cities and towns.

Delta County also reported an increase of 13.23 percent, with Cooper’s $5,628 up 13.41 percent from 12 months ago. The year-to-date collections are down 4.14 pecent in Delta County

In Rains County, rebates were down 6.81 percent, specially in Emory, where the $58,161 check was 7.54 percent lower than in June 2006. The rebates for the first six months are up 1.54 percent from 2006.

In Mount Vernon, the $45,793 collected was a healthy increase of 29.56 percent. For the year, however, the city’s rebates are down 12.61 percent.

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