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Hawkins Sales Tax- 5-23-09

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Sales Tax returns for May
Hawkins sales tax down;
Year-to-date still ahead
By JOHN SPARKS

Monthly sales tax returns for May 2009 for Hawkins dropped from the comparable month in 2008. The decline in the monthly returns occurred for the first time this year, but the city's running tax collections remain ahead of the pace set last year. Hawkins remains the only municipality in Wood County with a year-to-date increase in sales tax returns for 2009 over 2008.
The sales tax funds are collected by local merchants, sent to the Texas Comptroller along with the state's six and-a-quarter cents tax on each dollar of retail purchase. Hawkins' local portion-one-and-one-half cents/dollar-is then returned two months later (March retailer collections returned in May). Merchants in the unincorporated county areas collect a half-cent sales tax on each dollar sale with the local portion going into the county's general fund.
Hawkins sales tax returns in the most recent monthly report for May were $19,707.20 compared with $20,788.52 for May 2008. Hawkins returns are distributed to the two budgets supported by the sales tax, with approximately $13,138.13 deposited into the city's general fund and the remaining $6,569.07, representing a half-cent sales tax, into the Hawkins Community Development Corporation budget.
Comparative figures for sales tax returns for the month of May (as collected in March) for each city and the county follow with commentary furnished by Gary McKinley, executive director of the Wood County Industrial Commission:

Last Updated on Wednesday, 27 May 2009 14:36  

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