Corsicana Daily Sun, Corsicana, Texas

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February 18, 2014

Sales taxes trend up in area

Corsicana — December was a good month for most cities around Navarro County, but Goodlow had a real boom, garnering a check worth more than all the sales taxes collected in that city in the last three years.

The $11,000 bonus came from the audit of a company that had apparently neglected to pay some sales taxes, according to the Texas Comptroller’s office.

Other than Goodlow’s big check, most cities around the county did reasonably well in December. Angus, Kerens and Oak Valley showed some drops compared with the same month last year.

Other cities, however, had some excellent months. Corsicana, which is the bulk of the county’s sales tax revenue, went up nearly 13 percent compared to December 2012, and Corsicana is up more than 8 percent for the year. Frost is also doing well, with a 44 percent gain over last December, and a 23 percent increase for the year. Mustang continues to show progress, as does Mildred, Navarro, Richland, Emhouse and Eureka.

Rice’s fortunes have been up and down lately, and that city did a good business in December, but that hasn’t caught them up. The city is still down slightly from the last year.

Actually, Navarro County had a better month than the state as a whole, something slightly unusual for this area. Navarro County’s monthly receipts were almost 14 percent higher than the same month a year ago. The yearly income from sales taxes in the county are up 8.4 percent, compared with 7.2 percent for the state.

Sales tax collections have increased for 46 consecutive months, boosted by strong business spending in the oil/natural gas and manufacturing sectors, and to a lesser extent by retail sales activity, according to Susan Combs, Texas comptroller.

Overall, the economy is doing well, in terms of unemployment and economic growth, according to the comptroller’s office.

Over the past year, Texas added jobs in all of the 11 major industries, including professional and business services, trade, transportation and utilities, leisure and hospitality, education and health services, construction, mining and logging, government, financial activities, information, other services, and manufacturing.

Pre-recession Texas employment peaked at 10,635,700 in August 2008, a level that was surpassed in September 2011, and by December 2013 Texas added an additional 641,400 jobs. In the U.S. as a whole, only 87 percent of recession-hit jobs were recovered by December 2013.

Texas and the nation returned to economic growth in 2010 and 2011, respectively. In calendar 2012, Texas real gross domestic product grew by 4.8 percent, compared with 2.5 percent for the U.S.

The U.S. added 113,000 nonfarm jobs in January 2014. The U.S. unemployment rate was 6.6 percent for January 2014. Between January 2013 and January 2014, U.S. total nonfarm employment increased 1.7 percent.

Texas total nonfarm employment increased by 17,600 jobs during December 2013. Between December 2012 and December 2013, Texas total nonfarm employment increased by 252,400 jobs or 2.3 percent.

The Texas unemployment rate was 6.0 percent for December 2013 down from 6.2 percent in December 2012. The Texas unemployment rate has been at or below the national rate for 84 consecutive months.

Sales tax receipts for Navarro County

City        Feb. 2014*    Feb. 2013    %change    Year-to-date    last year    %change                                  

Angus     $5,223     $6,202     -15.79%     $9,421     $10,050     -6.26%

Bl Grove     $2,442     $2,039     19.75%     $4,009     $3,753     6.83%

Corsicana     $645,230     $571,613     12.87%     $1,118,281     $1,031,759     8.38%

Dawson     $6,499     $5,529     17.55%     $10,097     $9,094     11.02%

Emhouse     $714     $590     20.98%     $1,277     $1,114     14.62%

Eureka     $2,066     $742     178.41%     $2,531     $2,032     24.53%

Frost         $2,287     $1,581     44.61%     $2,930     $2,379     23.13%

Goodlow     $11,235     $349     3116.95%     $11,552     $708     1530.29%

Kerens     $13,996     $16,049     -12.79%     $23,803     $29,814     -20.16%

Mildred     $744     $612     21.47%     $1,113     $1,051     5.97%

Mustang     $198     $122     62.61%     $231     $135     70.83%

Navarro     $239     $129     85.67%     $372     $263     41.09%

Oak Valley     $133     $161     -17.02%     $266     $254     4.54%

Rice         $9,741     $9,248     5.33%     $15,264     $15,657     -2.50%

Richland     $1,289     $1,003     28.46%     $2,079     $1,729     20.22%

Total          $702,044     $615,974     13.97%     $1,203,232     $1,109,800     8.41%

Source: Texas Comptroller’s Office

* February receipts reflect actual sales made in December.



—————

Janet Jacobs may be reached via e-mail at jjacobs@corsicanadailysun.com. Want to “sound off” to this article? E-mail: Soundoff@corsicanadailysun.com

 

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