Polk County Enterprise (Livingston, Tex.), Vol. 119, No. 94, Ed. 1 Sunday, November 25, 2001 Page: 5 of 58
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POLK COUNTY ENTFRPRISE, SUNDAY. NOVEMBER 25.2061 - PAGE 5A
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Sales take hit after Sept. 11 attacks, then rebound-
LIVINGSTON - The Sept. 11
terrorist attacks reduced sales tax
coBertioni statewide by .about $42
nutiioo, but collections rebounded
frou their initial dip of over $100
million, according to State Comp-
troller Carole Keeton Rylander.
Load figures show that Novem-
ber sales tax rebates, which am
baaed on sales taxes collected during
September, were slightly lower for
Polk County but higher in four of
the five cities in the count/ which
levy sales taxes when compared to
amounts received during the same
month last year.
This month's sales tax rebate to
Polk County totals $114,920,
which is 1.97 percent less than the
$117,232 received in November of
2000. Rebates for the year, how-
ever, are running dightly ahead of
last year's figures. Through the first
11 months of 2001, the county's
0.5 percent sales tax has brought in
$1,029,694, a 0.29 percent increase
from the $1,026,656 received
through the first 11 months of last
year.
The City of Livingston, which
levies a 1.5 percent tax, received
$193,761 this month, which is
6.56 percent more than the
$181,823 received in November
2000. This month’s payment
brings the total received through the
first 11 months of 2001 to
$1,898,959, a 2.22 percent decline
from the $1,942,207 received dur-
ing the first 11 months of last year.
Onalaska's November payment of
$43,282 is 13.72 percent more
than the $38,058 received during
the same month last year. Through
the first 11 months of 2001, On-
alas ka has received rebates totaling
$277,025, a 7.54 percent increase
over the $257,600 received through
the first 11 months of 2000. On-
alaska also levies a 1.5 percent
sales tax.
Corrigan, which also levies a 1.5
percent tax, received a November
rebate of $21,627, which is 0.86
percent more than the $21,441 re-
ceived in November 2000. Through
the first 11 months of 2001, Corri-
gan's rebates have totaled
$146,220, 1.24 percent more than
the $144,422 recorded at this time
last year.
The cities of Goodrich and Seven
Oaks each levy a 1 percent tax.
Goodrich received $987 in No-
vember, down 40.66 percent from
the $1,663 received in November of
last year. Through the first 11
months of 2001, Goodrich's sales
tax has brought in $13,015. down
3.67 percent from the $13,511 re-
ceived through the first 11 months
of 2000.
was new or increased sales taxes in
46 local jurisdictions - September
2001 sales tax collections would
have been almost identical to Sep-
tember 2000 sales tax revenue.
Thirty-eight cities, one county and
seven special purpose districts ei-
ther imposed new sales tax or in-
creased their sales tax rates since
last September.
"These local sales tax figures
confirm, even more strongly, what
our state sales tax figures shows
last week. The Sept. 11 terrorist
attacks reduced sales tax collections
for a few days, but we bounced
back,” Rylander said.
Default rate declines
AUSTIN - According to the
moat recent report issued by the
U.S. Department of Education for
fiscal yew (FY) 1999, the student
loan default rate for Texas is 6.9
percent, representing a drop of more
than 2 percentage points from FY
1998. Texas Guaranteed (TG) man-
ages 82 percent of die Texas student
loan market.
The Department of Education
also reported that the national stu-
dent loan default rate for 1999 is
5.6 percent, also a record low.
"Since 1990, the student loan de-
fault rate has steadily declined by
more than 21 percentage points in
Texas and more than 12 percent
nationwide,” said Milt Wright. TG
president and CEO. “This is a
strong indication that our default
prevention efforts are working and
borrowers are honoring their obliga-
tions to repay their student loans.”
TG has also been successful in
working directly with borrowers
who have become delinquent on
student loans to get them back into
repayment. This process is meas-
ured through TG’s “cure rate,”
which has risen from 79 percent in
1996 to 91 percent in 2000;
In addition to concerted default
prevention awareness efforts, most
student financial aid experts agree
that the strong economy also con-
tributed to the reduced default rates.
With the economy slowing 'this
year, experts fear that the long-term
trend in declining default rates may
be at an end.
“With unemployment rates rising
and consumer confidence declining,”
said Jeff Webster, TG’s assistant
vice president of research and ana-
lytical services, “the economy may
make it difficult for borrowers just
entering the job market. Fortu-
nately, TG’s established default
prevention programs are in place to
help borrowers who are facing un-
employment or having difficulty
finding a first job.”
Webster also reports that students
who complete a degree are much
less likely to default on their stu-
dent loans than students who drop
out. In Texas, default rates for those
who complete a degree are 3.1 per-
cent, compared to 8.3 percent for
those who stop or drop out.
TG’s Default Prevention Team
provides solutions to assist borrow-
ers in managing their student loan
debts so that they can meet their
financial, obligations. The team
counsels borrowers in the use of
deferments, forbearance, flexible
repayment options, and loan con-
solidation. Student loan boirowers
who have questions or concerns
about paying back their loans can
call (800) 338-4752 to speak to a
Default Prevention Counselor.
Seven Oaks received $1,599 this
month, up 29.67 percent from the
$1,233 received in November of
last year. Paythents to date for 2001
total $15,326, 0.42 percent less
than the $15,392 received through
the same date last year.
The State Comptroller's Office
delivered a total of $291.9 million
in monthly sales tax payments to
1,113 Texas cities and 119 counties
in November. Statewide, November
payments are up 3.6 percent com-
pared to November 2000.
Rylander said if it had not been
for changes in sales tax law and
application - the biggest of which
OFFICIAL RECORDS
DISTRICT COURT
258th and 411th judicial
districts.
Judges Elizabeth Coker,
Robert Hill Trapp and
County Court at Law Judge
Stephen Phillips presiding.
Delinquent Tax Docket
Polk County vs. Jeffrey John
Welch, et pi.
Polk County vs. William G.
i Slater, et al.
Mg V
Polk County vs. Michael P.
Foley, et al.
Polk County vs. J.A. Freeman,
et al.
Polk County vs. Estate of Bert
Ruby.
Polk County vs. Lee Lacosta, et
al.
Polk County vs. Earl D. Baugh-
man, et al.
Polk County vs. James Brown,
et al. . >✓
'For a few days in September,
people stayed home and watched TV
and womed about the world situa-
tion,” she said. "But confident, re-
silient, defiant Texans soon returned
to living our lives and conducting
our business as usual The Novem-
ber sales tax rebates I have sent to
Texas communities reflect a slower
Texas economy, but a minimal
overall impact from the events of
Sept. 11.”
November sales tax rebates in-
clude $271.1 million to Texas cit-
ies. up 3.7 percent compared to
November 2000. Texas counties
received November rebates of $20.8
million, up 3.3 percent compared to
a year ago Year-to-date sales tax
rebates to cities and counties are up
5.1 percent compared to 2000.
In addition to city and county
sales tax rebates. $92.9 million
went to Texas' six metropolitan
transit authorities and two city tran-
sit systems, and $9.2 million was
paid to 58 special purpose districts.
State sales tax revenue dropped
about 1 percent in September,
compared to September 2000 The
3.6 percent increase in local sales,
tax revenue is a statewide average *
For example, Houston’s September,;
sales tax collections rose 7 percent
compared to the same period last
year. McAllen’s rose 4.2 percent
and Fort Worth’s rose 0 9 percent.;
Of the 20 Texas cities that receive
the greatest amount of sales tax'
revenue, only six saw declines:,,
Dallas, Austin, El Paso, Irving,,
Amarillo and Round Rock.
Following are November rebates
for some area counties and the j
amount of change from the No-
vember 2000 payments.
Angelina........$388,680 (+14 33%)'
Houston...........$54,288 (+8.6295-)
Liberty......... $174,244 (+6.39%)
POLK.............$114,920 (-1.97%)
San Augustine. $14,505 (+15.98%)
San Jacinto.....$ 18,703,(+13.77%)
Tyler..............$34,838 (+43.19%)
Walker..........$169,213 (-13.33%)
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White, Barbara. Polk County Enterprise (Livingston, Tex.), Vol. 119, No. 94, Ed. 1 Sunday, November 25, 2001, newspaper, November 25, 2001; Livingston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth790493/m1/5/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Livingston Municipal Library.