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NEWS HEADLINES

Sales tax figures show gains for year

By Phil Major | Published Wednesday, June 13, 2012

The dozen Wise County cities that collect sales taxes have earned more than $4.3 million this year, a figure that is up 8.8 percent since last year.

Monthly allocation checks from the state comptroller’s office totaled $704,240, a gain of 7.7 percent.

Decatur collected $319,476 for the month and has received $1,975,682 for the year.

Bridgeport’s June rebate of $258,969 brought the annual total to $1,629,640. Decatur’s sales tax income is almost 5 percent ahead of last year while Bridgeport’s is up 28.7 percent.

Rhome has jumped 35 percent to $161,314, the third largest in the county. It has surpassed Boyd, Chico and New Fairview since last year.

Boyd’s receipts have fallen 23 percent to $124,032.

Chico has also dropped 23 percent to $151,109.

New Fairview has seen a 37 percent drop to $142,348.

Alvord reported a 40 percent jump to $64,980, and Runaway Bay tax receipts are up 16 percent to $27,877.

Retail merchants collect the local sales tax – 1.5 percent in most Wise County cities – and send it to the state along with the 6.25 percent state sales tax. Cities are rebated their shares monthly. The June report represents sales made in April and reported to the state in May.

In addition, the county collects a half-cent sales tax, which netted $440,988 for the month, a gain of 25 percent, and $2,636,098 for the year, up 27 percent.

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