Wood County cities see increases in sales tax revenue

Posted 9/19/18

Four out of six Wood County cities saw an increase in sales tax revenue from this September to the last.

Quitman, Winnsboro, Hawkins and Yantis all received an increase, while Alba and Mineola …

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Wood County cities see increases in sales tax revenue

Posted

Four out of six Wood County cities saw an increase in sales tax revenue from this September to the last.

Quitman, Winnsboro, Hawkins and Yantis all received an increase, while Alba and Mineola decreased between the two periods, according to a tax allocations report from the Texas Comptroller’s website as of Sept. 18.

Quitman had a 11.65 percent increase. Net payment for the city went to $57,929.51 from $51,882.02. Compared to last year to date, Quitman has seen a 7.05 percent increase in tax dollars.

Andrew Kloefkorn, Quitman city administrator, said the increase was largely due to the city and Quitman Development Corporation working to build places that generate sales tax.

“We’re hoping to continue [the growth],” Kloefkorn said. “We’re in the process of doing positive growth for the residents and city itself. It also equates to better services that the city can offer go.”

Mineola’s sales tax down by 0.98 percent. Revenue went down to $152,643.77 from $154,168.73. Compared to last year to date, Mineola has seen a 3.4 percent increase in tax dollars.

Mercy Rushing, Mineola city administrator and Executive Director of Economic Development, more sales tax revenue allows the city to depend less on its citizens’ property tax.

“As long as our sales tax is up, our property can hold. New money can circulate within our businesses,” Rushing said. “There’s a synergy of everybody doing things together to make Mineola a destination for tourism.”

She added that sales tax brings new jobs to the city and helps provide for the general fund.

Alba decreased by 10.07 percent. Sales tax came in at $12,003.85 this period from $13,348.43 last year. Compared to last year to date, Alba has seen a 7.97 percent increase in tax dollars.

Winnsboro increased by 12.01 percent. Revenue increased from $84,691.15 to $94,869.91 within the year. Compared to last year to date, Winnsboro has seen 2.31 percent increase in tax dollars.

Yantis increased by 6.69 percent. The city received a total of $5,912.91 this September from $5,542 last year. Compared to last year to date, Yantis has seen a 2.05 percent increase in tax dollars.

Hawkins increased by 6.03 percent. The city went from $21,266.10 this time last year to $22,550.09 this month. Compared to last year to date, Hawkins has seen an 11.71 percent decrease in tax dollars.

The article in the print edition stated the numbers for the year they represented incorrectly for the Quitman sales tax. Quitman sales tax revenue did increase 11.65 percent from last September to this month as of this Sept. 18.