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The Lufkin News

Lufkin sees double-digit spike in August sales tax revenue

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Posted: Friday, September 9, 2011 1:15 am

Lufkin showed a double-digit increase in year-to-year sales tax revenue in August, according to a Texas Comptroller of Public Accounts report released Thursday.

Lufkin showed an increase of 13.1 percent, collecting $1,019,079 compared to $901,365 collected in August 2010. Lufkin has collected $9,370,439 so far this year compared to $9,003,410 collected during the same time period last year, an increase of almost 4.1 percent.

City Manager Paul Parker said it is difficult to make a true comparison with the monthly figures, but that revenue has increased for the first eight months of the year is positive for the city.

“This is fantastic news. The trend is that we are having a lot better year,” Parker said. “Sales tax revenue is better. We budgeted for about a 1.5 percent increase in sales tax revenue. It is money above what we budgeted.”

Diboll was a big winner in sales tax revenue in August, showing a whopping 58.8 percent jump compared to August 2010. Diboll collected $33,681 in August compared to $21,206 collected in August 2010, the comptroller’s report stated. The August sales tax revenue numbers continued a trend for the city that has collected $447,282 so far this year compared to $308,509 collected during the same time period last year, an increase of almost 45 percent.

Attempts to reach Diboll city officials for comment were not successful Thursday.

Hudson and Huntington also showed double-digit increases in year-to-year sales tax revenue.

Angelina County also showed a sales tax revenue increase in August, collecting $375,558 compared to $360,491 collected in August 2010, up 4.2 percent.

Texas Comptroller Susan Combs said Thursday that statewide sales tax revenue in August was $1.98 billion, up 11.9 percent compared to August 2010.

“Monthly sales tax revenue has now increased for 17 consecutive months,” Combs said. “For the state’s recently concluded 2011 fiscal year, sales tax revenue increased 9.4 percent from the previous fiscal year. Sales tax revenue grew in major sectors especially the oil and gas industry and manufacturing as a result of increased business spending during the year. There was also growth in the retail and restaurant sectors. We will continue to monitor factors such as the job market, consumer spending and housing.”

Combs will send September sales tax allocations totaling $483.9 million to cities, counties, transit systems and special purpose taxing districts, up 10 percent compared to September 2010.

For details of September sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the comptroller’s web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.

Steve Knight’s email address is sknight@lufkindailynews.com.

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