NEWS
Tax day fast approaching
With Tax Day fast approaching and the new tax code taking effect
this year, the personal-finance website WalletHub today released its 2019 Tax Burden by State report as well as accompanying videos, along with its 2019 Tax Facts infographic.
In order to determine which states tax their residents most
aggressively, WalletHub compared the 50 states based on the three
components of state tax burden — property taxes, individual income
taxes, and sales and excise taxes — as a share of total personal income.
| States with Highest Tax Burdens (%) | States with Lowest Tax Burdens (%) | ||
| 1 | New York (12.97%) | 41 | Wyoming (7.51%) |
| 2 | Hawaii (11.71%) | T-42 | Alabama (7.28%) |
| 3 | Maine (10.84%) | T-42 | South Dakota (7.28%) |
| 4 | Vermont (10.77%) | 44 | Montana (7.27%) |
| 5 | Minnesota (10.25%) | 45 | Oklahoma (7.12%) |
| 6 | Rhode Island (10.20%) | 46 | New Hampshire (6.86%) |
| 7 | New Jersey (9.86%) | 47 | Florida (6.56%) |
| 8 | Connecticut (9.70%) | 48 | Tennessee (6.28%) |
| 9 | Illinois (9.67%) | 49 | Delaware (5.55%) |
| 10 | Iowa (9.49%) | 50 | Alaska (5.10%) |
Key Stats – Tax Facts Infographic
- Americans spend 8.1 billion hours doing taxes each year. The average person spends 11 hours and $200 completing his or her 1040.
- 4.6 million fewer taxpayers will get a federal tax refund this year. The average refund in 2019 is $2,957, as of 3/15/2019.
- Nearly
one-third of people (31%) say their biggest Tax Day fear is making a
math mistake on their taxes, topping not having enough money (28%),
identity theft (24%) and getting audited (17%).
- 36% of Americans would move to a different country and 24% would get an “IRS” tattoo for a tax-free future.
- 50% of people would rather do jury duty than their taxes. 1 in 5 would prefer talking to their kids about sex. More than 10% would swim with sharks, spend the night in jail and drink expired milk.
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/
NEWS
Amon Carter Lake Board to meet
Members of the Amon Carter Lake Water Supply Corporation will meet at 6 p.m. on May 26 in the office at 607A Lindsey for a monthly meeting.
Items on the agenda include a consent agenda and minutes and financials. Possible discussion/action may be considered on the following topics: Treasurer’s report, review of finance and current loans; president’s report as to the written agreements with contractual employees; consider current water rates and a possible increase; and review of expenses and areas that need amendment.
An executive session may be entered to discuss personnel issues.
NEWS
Saint Jo City Council hires fire marshal
The City of Saint Jo has a new fire marshal as the city council made the appointment during its May 13 meeting.
Gary Hines, a retired professional firefighter and certified fire investigator, will take the position. City Secretary Debbie Dennis said the post is required by ordinance but has not been filled for a long period.
The council set dates for a budget workshop for 2 p.m. on June 14 and 2 p.m. on June 28 for the ordinance workshop, as the council works to update its rules.
Aldermen gave their support to a proposition by Councilman Jack Dunn who is asking the Legislature to allow Texas’ smallest cities, those with 2,500 or few in population, to receive an additional share of sales and use tax. He would like to see the funds used in these communities to repair and replace aging infrastructure without new taxes or reliance on state grants.
In letter to State Rep. David Spiller, whom Dunn will meet with on June 1, the alderman explains much of the state’s 6.25% share generated locally flows into general funds and is spent on other priorities. He would like Spiller to author this legislation. Dunn gave the letter to the council along with a powerpoint on the plan.
“A single water treatment plant upgrade or sewer rehab carries massive, fixed costs that do not shrink with population size. These communities, often with only a few hundred or a couple thousands residents, simply cannot spread those costs across enough ratepayers or a broad tax based,” the letter states.
Dunn suggests a “graduated sales tax retention policy:” 1% additional share for cities with 2,500 or fewer residents; .75% for those 2,500 and 5,000; and .50% for cities between 5,001 and 10,000. It would be dedicated to infrastructure. Dunn says the overall statewide fiscal impact would be negligible, but could help sustain small, rural cities.
NEWS
City of Nocona buys water storage tank, review dam repair
The Nocona City Council approved a bid for a new 203,000 gallon capacity tank for potable water at the water plant and learned a slide repair to the lake dam is going to be pretty costly.
At its May 12 session the council received three bids on the tank and went with one from Tank Depot of Cleburne for $193,923. It is for a a 217,600 gallon tank usable for 203,000 gallons. The price could change slightly since it was based on estimate freight costs.
Read the full story in the Thursday Bowie News.
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