City, county sales tax collections decline in July

Posted 7/15/21

Sales tax collections in Wood County cities fell almost 10% in July, the first such drop since the pandemic began 16 months ago.

While Hawkins had a strong gain of 36% and Yantis a modest gain of …

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City, county sales tax collections decline in July

Posted

Sales tax collections in Wood County cities fell almost 10% in July, the first such drop since the pandemic began 16 months ago.

While Hawkins had a strong gain of 36% and Yantis a modest gain of 6%, the three largest cities – Mineola, Winnsboro and Quitman – saw double digit losses.

The July report is primarily for taxes collected by merchants in May and reported to the state in June.

Despite the losses, all six cities that collect sales taxes still have earned more revenue for the year than through the first seven months of 2020.

Sales tax receipts for Wood County government are also up by 5.7% for the year despite a drop of almost 12% for the month.

Wood County’s half-cent sales tax generated $207,063 compared to $234,919 in July 2020. That brought the total for 2021 to $1,446,931 compared to $1,368,852 a year ago for a 5.7% increase.

The six cities – which collect 1.5% – have combined for $3,289,998 in sales tax income this year compared to $3,018,360 a year ago.

The county and cities combined have earned $4,736,929 this year, an improvement of almost $350,000 over 2020.

Mineola’s July income fell more than 10% to $180,348. Collections were $202,276 a year ago. That brought the 2021 total to $1,460,804, some 6.4% better than 2020 when $1,373,096 was received.

The drop for Quitman topped 20% at $70,323 compared to $88,085 last year. That left the city just ahead of last year at $500,916 compared to $497,532.

Winnsboro income dropped 10.1% for the month to $110,560. For the year the city remains 12.1% ahead with receipts totaling $861,228.

Alba saw a minimal decline for the month at $19,068, down by $45. For the year the city’s tax income is up 10.4% to $152,222.

Yantis gained 6.4% for the month to $8,320 and is almost 20% ahead for the year at $61,883.

Hawkins saw a 36% rise for the month to $36,119 which brought the yearly total to $252,943 for a 33% gain.