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Sales Tax -June results

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Wood County Industrial Commission

Sales Tax returns for June
Sales tax continues strong;
Hawkins up Year-to-date 10%
Monthly sales tax returns for August and September 2009 for Hawkins showed a slight decrease from the comparable months in 2008. The two months receipts for this year totaled $38,285.68 compared with $39,773.72 last year. Nine months into 2009, year-to-date tax collections remain ahead of the pace set last year by 10 percent. Hawkins is 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 (June retailer collections returned in August and July collections returned in September). 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 September were $15,880.85 compared with $15,778.26 for September 2008. Hawkins returns are distributed to the two budgets supported by the sales tax, with approximately $10,587.23 deposited into the city's general fund and the remaining $5,293.61, representing a half-cent sales tax, into the Hawkins Community Development Corporation budget. Through nine months of 2009 the City budget has received $105,632.21, while the HCDC budget has received $52,816.10
Comparative figures for sales tax returns for the month of September (as collected in July) for each city and the county follow with commentary furnished by Gary McKinley, executive director of the Wood County Industrial Commission:


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