March sales tax rebates recently delivered to area taxing jurisdictions show that the economy appears to be on the rebound. But the gains can only be seen when comparing January-March returns delivered to the city of Stephenville and Erath County in 2011 to the same period last year. While the entities may have experienced increased returns over the past year, they are still failing to realize the year-to-date payments seen in 2008 and 2009.
City of Stephenville
The most recent sales tax allocation delivered to Stephenville rings in at a little more than $341,600. Last year, the city received almost $315,000 in March.
March allocations are reflective of sales made in the month of January.
But the most recent payment received by Stephenville was less than the rebate received in 2008 and 2009, which rang in at almost $348,300 and a little more than $344,500, respectively.
Looking at 2011 year-to-date payments, the first three months have brought a total net payment of almost $1,197,400, an increase of more than $119,400 in January-March 2010. Sales were apparently higher in 2008 and 2009 when the three-month totals rang in at almost $1,247,000 and $1,298,000.
Like Stephenville, Erath County saw an increased payment this month when compared to March 2010 and is celebrating an increase when comparing the first three months of the year to the same period last year.
The most recent payment delivered to county coffers rang in at almost $130,400, which exceeds the almost $119,000 received in 2010. March returns in 2008 and 2009 were higher than the last two years, at almost $173,800 and $144,200.
Looking at the bigger picture, the county has seen a three-month increase of almost $32,600 over last year. This year, the county has been delivered a total net payment of almost $449,900, which compares to almost $417,300 in 2010. The first three months of 2008 and 2009 brought in almost $556,500 and $537,000, respectively.
City of Dublin
This month's sales tax rebate delivered to Dublin totaled more than $21,300, ringing in above 2010, which was a little more than $18,400.
Dublin has seen only a slight decrease when looking at the first three months of the year compared to the same period last year. The first three months of 2011 delivered almost $75,100 to the city, which compares to almost $76,000 in 2010.
Allocations to Dublin are up when compared to January-March 2008, when the city was delivered more than $71,300 and $73,600 in 2009.