Local rebates still declining
Sales tax rebates for most local taxing entities were down for the month of September, the Texas Comptroller’s office reported.
C it y of Ro c kd a le’s r ebate declined 10.3 percent from a year ago, much better than the 17.9 percent decrease between Sept. 2008 and Sept. 2009.
For September 2010, Rockdale received $45,362 compared to last year’s $50,577 rebate.
Milam County showed a 17.5 percent decrease in year-to-date totals and was down a whopping 41.8 percent for the month.
The linger ing ef fect from a national recession show a declining trend in most towns and counties in year-to-year totals. Nearby most area towns are down by single-digit figures in year-to-date totals.
State and local sales tax figures represent sales that occurred in July and were collected in August.
STATEWIDE TOTALS– Comptroller Susan Combs said the state collected $1.77 billion in sales tax revenue in August, up 0.8 percent from a year ago. Sales tax allocations to local governments were up 2.7 percent compared to September 2009.
“Monthly sales tax collections continue to slightly exceed yearago levels. While some major sectors including oil and gas and manufacturing were up, other sectors including construction and retail trade dropped from the previous year,” said Combs. “For fiscal 2010, which began Sept. 1, 2009, collections declined through the first seven months of the year, often by double-digit percentages, but the modest increases during the last five months resulted in an overall decline of 6.6 percent for the fiscal year. Overall, state sales tax collections appear to have stabilized, but solid growth has not yet resumed.”
|SALES TAX REBATE AMOUNTS|
|Taxing entity||Sept. 2010||Change||YTD 2010||Change|
|Rdl. Dev. Dist.||8,673||U/C*||67,574||U/C|
|* Levy uncollected at this time last year.|