’Tis the season to shop locally;Sales tax revenue declines
Another down month has Diboll heading into the final month of the year just 1.58 percent ahead of last year’s sales tax allocation.
Diboll received $42,176 in November from the state comptroller’s office. The payment Diboll’s part of sales tax reported to the state in October from sales in September. Last year’s November payment was $60,020.
For the year, Diboll has received $559,666 – just short of $9,000 more than last year to date.
“As we come into the Christmas season, buying locally becomes even more important,” said Richard Nelson, Free Press owner and vice president of the Diboll Business Association. “I know you probably can’t get everything on your Christmas list in Diboll, but we do have about 100 businesses here. I encourage shoppers to check out our retail and service businesses and restaurants – for a gift, a stocking-stuffer or even a gift certificate.”
Sales tax allocations go into the city’s general fund and potentially keep property tax rate increases at bay.
A list of local businesses can be found on Page 4 today.
Most Angelina County taxing entities showed a decrease this reporting period. Lufkin, the county’s largest taxing entity was down about $103,000 – from $1,168,504 to $1,065,726.
Hudson showed a 10 percent increase – from $21,857 last year to $24,209 this year. However, Hudson is down almost 18 percent for the year. Huntington was down about 3.84 percent for the period and is down about 2.69 percent year-to-date.
Texas Comptroller Susan Combs announced sales tax revenue in October was $2.14 billion, up 5.4 percent compared to October 2012.
“Growth in sales tax revenues was led by collections from the telecommunications sector,” Combs said. “The construction sector also showed significant gains. State sales tax revenue has increased for 43 consecutive months.”
Combs will send cities, counties, transit systems and special purpose taxing districts their November local sales tax allocations totaling $654.6 million, up 7 percent compared to November 2012.