County’s August sales receipts experience general increase
The city of Quitman’s October sales tax rebate increased almost three percent on August sales over the same period last year.
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County’s August sales receipts experience general increase
The city of Quitman's October sales tax rebate increased almost three percent on August sales over the same period last year.
In general, the county's sales tax receipts experienced an increase: Alba's rebate increased about three and a half percent; Hawkins' increased about 15 percent; Winnsboro's increased about eight percent; Yantis' increased 17.87, and Mineola's decreased by 8.51 percent.
Even though Mineola was the only rebate that decreased, Wood County as a whole had a rebate decrease of .63 percent.
The economic factors in Wood County include decreased unemployment with Texas nonfarm jobs.
Texas Comptroller Susan Combs announced last Wednesday the states sales tax revenue in September was $2.01 billion, up 2.7 percent compared to Sept. 2012.
"State sales tax revenue collections continued to grow at a moderate pace," Combs said. "Growth was led by collections from the construction, telecommunications and retail sectors. State sales tax revenue has now increased for 42 consecutive months."
Wood County's unemployment rate was at 6.7 percent in August, compared to the state's unemployment rate of 6.3 percent and the national unemployment rate of 7.3 percent.
