By Scott Harvey
A recent report by the Texas Comptroller's office finds the City of Commerce's sales tax rebate collections for October sharply down, while other area cities were up.
The December sales tax rebate payments represent the city's portion of sales taxes collected at local merchants in October and reported to the Comptroller's office in November.
The city will receive a sales tax payment of $88,845.99 for the month of December, a 7.29% percent decrease over the $95,834.29 received in December 2007.
During the past 12 months, Commerce received $1,113,412.86 million in sales tax rebate revenue, a decrease of 0.01% percent from the $1,113,536.58 million in sales tax revenue received through December 2007.
The City of Greenville, on the other hand, saw a significant increase in sale tax revenue during October.
The city will receive a sales tax payment of $417,279.57 for the month of December, a 3.85 percent gain over the $401,780.70 received in December 2007.
During the past 12 months, the City of Greenville received a little more than $5.51 million in sales tax rebate revenue.
From the previous month, a 14.04% increase in sales tax revenue was generated in Bonham, a 9.27% increase in Paris and a 6.05% increase in Sulphur Springs.