Texas Comptroller Susan Combs announced Wednesday that state sales
tax revenue during April was $2.07 billion, an amount up 10.9 percent
compared to April 2011.
“Sales tax revenue has now increased for 25 consecutive months,” Combs
said in a press release. “Recent strength in sales tax collections
continued in both business and consumer spending categories. Growth
was led by the oil and natural gas-related sectors, while significant
gains also came from retail trade and restaurants.”
Combs will send May local sales tax allocations totaling $633 million
to cities, counties, transit systems and special purpose taxing
districts, up 5.5 percent compared to May 2011.
Locally, the allocation payment is also a strong increase compared to
May 2011. The recent amount of $720,821 is a 21.5 percent rise against
the 2011 payment of $593,407. In total, the 2012 allocation payments
to Cooke County are $4,402,969, a 46 percent increase compared to the
2011 “to-date” payments of $3,012,172.
The county allocation breakdown follows: Gainesville will receive
$653,575, a 24.5 percent increase compared to May 2011 payments of
$525,136; Valley View will receive $14,866, a 25 percent increase
compared to May 2011 payments of $11,882; and Oak Ridge will receive
$6,562, a 8.5 percent increase compared to May 2011 payments of
$6,059.
The release showed that both Muenster and Lindsay showed allocation
payment decreases. Muenster will receive $34,877, a 10.5 percent
decrease compared to May 2011 payments of $38,986; and Lindsay will
receive $10,938, a 3.7 percent decrease compared to May 2011 payments
of $11,355.
Local News
State sales tax revenue up over April 2011 figure
- Local News
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VFW plans Memorial Day ceremony
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Valley View officials sworn in
Valley View city officials were sworn in during a recent city council meeting.
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The Big One: Preparing for mid-America earthquake
Part 5 of a five-part series
It’s a bleak scenario. A massive earthquake along the New Madrid fault kills or injures 60,000 people in Tennessee. A quarter of a million people are homeless. The Memphis airport – the country’s biggest air terminal for packages – goes off-line. Major oil and gas pipelines across Tennessee rupture, causing shortages in the Northeast. In Missouri, another 15,000 people are hurt or dead. Cities and towns throughout the central U.S. lose power and water for months. Losses stack up to hundreds of billions of dollars. -
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During the upcoming Memorial Day weekend, alcohol is a common theme in many celebratory activities throughout the nation and state, and, therefore, many Texans unnecessarily die in vehicular accidents involving alcohol-impaired drivers.
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Gainesville Rotary club unfurls flag program
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Local damage minimal after stormy night
Wednesday storms brought negligible issues to Cooke County, with more dire effects experienced to the south.
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Guest's memoir a hit at book signing
A magical summer in Gainesville in 1935 is recalled in Betty Bradley Junkin Guest’s book “Once Upon a Falling Star.”
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Muenster bankers meet with delegation
More than 100 members of the Independent Bankers Association of Texas (IBAT), along with local Muenster bankers, met in Washington D.C. with the Texas Congressional delegation, various regulatory agencies and the Consumer Financial Protection Bureau in April to discuss pressing legislative issues with national and statewide impact.
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United Way begins 'Caring' project
The gauntlet has been thrown to area groups, churches and local business in a friendly competition to be held May 30 to assist the Cooke County United Way (CCUW) as part of the organization’s second “Community Caring” event in 2013.
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