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Mexia shows dip in sales tax rebates
by By BOB WRIGHT- Editor
(Posted 8/17/2009 11:13 am)
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The City of Mexia, after issuance of the latest round of sales tax rebates from the state, finds itself in some unfamiliar territory - trailing in the two major categories relating to one year ago, and current money relating to this time in 2008.
The latest round of checks reveals a 7.79 percent drop, after receiving $205,000 and three cents, compared with the 2008 check which was $222,337.78.
For year-to-date totals, Mexia has accummulated $1,600,169.31, a drop from last year’s cumulative total of $1,608,147.51.
While Mexia, Coolidge and Thornton showed drops, showing increases were the cities of Groesbeck and Kosse. And, while all three (Mexia, Coolidge and Thornton) showed drops in year-to-date totals, holding true to forms in year-to-date gains were Groesbeck and Kosse.
Texas Comptroller Susan Combs reported that the latest rounds in state collections revealed $1.57 billion in sales tax revenue, down 11.2 percent compared to June 2008. She said the oil and gas, construction and retail trade sectors showed continued weakness, “resulting in a sharp decrease in sales tax collections” - this at a time she sent out the July sales tax allocations totaling $426.7 million to cities, counties, transit systems and special-purpose taxing districts, down 8.8 percent compared to July of 2008. Of this total, Combs sent July sales tax allocations of $284.3 million to Texas cities, down 8.8 percent compared to last July.
Sales tax collections in June, and local sales tax allocations in July, represent sales that occurred in May.
by By BOB WRIGHT- Editor
(Posted 8/17/2009 11:13 am)
The latest round of checks reveals a 7.79 percent drop, after receiving $205,000 and three cents, compared with the 2008 check which was $222,337.78.
For year-to-date totals, Mexia has accummulated $1,600,169.31, a drop from last year’s cumulative total of $1,608,147.51.
While Mexia, Coolidge and Thornton showed drops, showing increases were the cities of Groesbeck and Kosse. And, while all three (Mexia, Coolidge and Thornton) showed drops in year-to-date totals, holding true to forms in year-to-date gains were Groesbeck and Kosse.
Texas Comptroller Susan Combs reported that the latest rounds in state collections revealed $1.57 billion in sales tax revenue, down 11.2 percent compared to June 2008. She said the oil and gas, construction and retail trade sectors showed continued weakness, “resulting in a sharp decrease in sales tax collections” - this at a time she sent out the July sales tax allocations totaling $426.7 million to cities, counties, transit systems and special-purpose taxing districts, down 8.8 percent compared to July of 2008. Of this total, Combs sent July sales tax allocations of $284.3 million to Texas cities, down 8.8 percent compared to last July.
Sales tax collections in June, and local sales tax allocations in July, represent sales that occurred in May.
