November sales tax rebates mostly down
Though another test of the local economy will surface when supplemental union benefit pay runs out for laid off Alcoa workers, the local situation hasn't been as bad as feared, judging by local sales tax rebates.
Rockdale received $71,797 for November in its state rebate check, the comptroller's office reported, a .24-percent decrease from November '08.
A s the char t below shows, Rockdale's rebates for the yearto date are down 1.1 percent.
Rockdale's new Municipal Development District should begin collecting a half-cent sales tax for the town's annexed areas. Directors will use those funds for efforts to try and attract more business.
Milam County rebates, however, were down 42 percent for the month and are down almost 18 percent in year-to-date totals.
The chart shows area towns and counties of similar size, plus the Rockdale Hospital District. Cameron and Thorndale show slight increases in year-to-date rebate totals.
Statewide, sales tax collecting were down 12.8 percent for the month and allocations to cities were down 8.7 percent.
State Comptroller Susan Combs said, "Declining sales tax collections, which began in February, have continued with October's collections. Tax collections are down in major sectors of the economy, including retail trade, oil and natural gas and construction."
Sales tax receipts are one measure of the economy for taxing entities that receive rebates through the state. November rebates generally reflect sales that occurred in September and were collected in October.
|SALES TAX REBATE AMOUNTS|
|Taxing entity||Nov. 2009||Change||YTD 2009||YTD 2008||Change|