Tax rebates down slightly
Two years after record sales tax reimbursement from the state, Rockdale showed a 5.7-percent decline in year-over-year totals, the State Comptroller’s office reported. The decline follows a 12-percent drop between 2008 and 2009 year-to-date totals in local sales tax results.
But the 2008 totals were boosted by a temporary workforce of almost 2,00 people constructing Luminant’s Sandow 5 power plant. Those workers boosted totals throughout the area before moving to other projects.
For August, Rockdale received $71,105, compared to last year’s $75,717 rebate.
In 2008, record-high gas prices last summer also meant fewer people were traveling to area towns to shop, generating even more local sales taxes.
Following a national trend reflecting a stagnant economy, most towns and counties showed declines in year-over-year totals.
Caldwell is the only area town showing a substantial increase in year-over-year totals, marking an increase of one-third. Nearby Most area towns are down by single-digit figures in year-to-date totals.
Comptroller Susan Combs said the state collected $1.69 billion in sales tax revenue in July, up 2.2 percent from a year ago. Sales tax allocations to local governments were up 2.3 percent compared to August 2009.
“Monthly sales tax revenue has now increased for the last four months,” Combs said. “Sales tax collections in major sectors such as retail, oil and gas and construction are up from a year ago. We are monitoring these sectors to see if collecting are returning to consistent growth.
|SALES TAX REBATE AMOUNTS|
|Taxing entity||Aug. 2010||Change||YTD 2010||Change|
|Rdl. Dev. Dist.||9,537||U/C*||58,900||U/C|
|* Levy uncollected at this time last year.|