News Headlines

Sales-Tax Revenues Show Overall Downward Trend

Sales-tax revenues in Shelby and San Augustine counties showed a downward trend, according to information released by the state comptroller's office this week.

 

In Shelby County there's been a 2.5 percent decrease in payments made to taxing entities from the same period a year ago. In Center, the February check was down just over 2 percent, with the city receiving a payment for just under $202-thousand. For the year to date, Center's about one percent ahead of 2013.

 

Center City Manager Chad Nehring said while oil & gas is the obvious contributor to the decline locally in tax-revenues, we’re most likely seeing the real lasting impacts of 2009-2010 national, regional and local economic changes, including the closure of Bruce Hardwood Floors. He added that was simply overshadowed by significant oil/gas activity and the retail/commercial expansion that accompanied it.

 

Elsewhere in Shelby County, Joaquin's the only city showing an increase from this month a year ago. Joaquin's payment for February is $16-thousand, and almost $62-thousand for the year. Both Huxley and Timpson are showing double-digit decreases in payment from February last year. Huxley is down almost 29 percent, receiving a check for $1,100; and Timpson's payment is $14,500, a 15 percent drop from a year ago. The City of Tenaha's February sales-tax payment is down 4-and-a-half percent, as the city received a payment of $5-thousand this month.

 

San Augustine County's sales-tax revenue has seen a 15 percent drop from this time in 2013. The City of San Augustine's payment was $19-thousand, 15 percent less than a year ago, while Broaddus' was almost 19 percent less, at $23-hundred. However, Broaddus has seen a 104 percent increase year-to-date. In San Augustine County, tax-revenue payments to date are running five percent behind 2013's. In Nacogdoches County, their sales-tax revenue for February has seen an almost 11 percent decrease in the past year.

 

Statewide, February sales-tax revenues are up 5.8 percent from the same period a year ago.

 

The sales tax figures represent January sales reported by monthly tax filers.

Roughriders Sports

Family Features

Loading Family Features Content Widget
Loading Family Features Article