• Square-facebook
  • X-twitter
  • Instagram
Time to read
less than
1 minute
Read so far

Graham sales tax rebates remain below 2015 totals

Sat, 10/01/2016 - 6:00 am
editor@grahamleader.com
The city of Graham saw a drop in the amount of sales taxes returned to the city for September, continuing a trend for the year so far. Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $629.2 million in local sales tax allocations for September, 1.4 percent less than in September 2015. These allocations are based on sales made in July by businesses that report tax monthly. Graham, Newcastle and Olney are the only three cities in Young County that receive monthly sales tax rebates from Hegar’s office. Graham’s rebate this month, based on sales made in July by businesses that report taxes monthly, was $173,851, down 5.33 percent from the $183,653 rebate during the same month last year. In addition, the city’s year-to-date rebates total $1,705,409, down 6.26 percent from the $1,819,370 accumulated during the same period last year. Olney’s rebate this month was down .19 of a percent from a year ago, to $22,498, but year-to-date, that city’s total has risen 3.06 percent, from $220,278 to $227,032. Newcastle, which began collecting a higher sales tax rate April 1 (1.5 percent, up from 1 percent), has seen its collections rise, by 39.91 percent this month, to $6,672, and 18.89 percent year-to-date, to $48,743. Young County’s 5 percent sales tax came to $80,420 this month, down 3.07 percent from the same month last year. The county’s year-to-date totals are also down, by 4.89 percent, to $759,998 million. “The cities of Houston, Midland, San Antonio and Frisco saw decreases in sales tax allocation,” Hegar said. “The cities of Dallas and Plano saw noticeable increases in sales tax allocations.”