Texas Holiday Facts

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During the holiday season, people across our state will gather together and celebrate with friends and family to exchange gifts, offer thanks and reflect on the past year. Many Texans are also expected to buy Christmas trees, bake holiday treats or hit the roads to travel. To commemorate this special time of year, Texas Comptroller Susan Combs has compiled some festive holiday facts about our state and its economy related to the season.
• Texas has approximately 150 Christmas tree farms across the state producing 200,000 trees annually on 2,500 acres. Texas Christmas tree growers contribute $12 million each year to the state’s economy. Christmas trees have been grown commercially in Texas since 1977. Virginia and Afghan pines are the most common Christmas trees grown in Texas.
• In Houston, the city saved $185,000 in landfill costs by recycling 5,800 tons of tree waste from 47,000 homes from October 2007 to September 2008. Seventy-nine tons of this tree waste was from Christmas tree recycling.
• In 2007, Texas producers contributed 75 million pounds of pecans toward the record United States total crop of more than 385 million pounds.
• The Neiman Marcus Christmas Book was first published in 1926. Neiman Marcus is headquartered in Dallas.
• The Collin Street Bakery in Corsicana has been baking the world-famous DeLuxe fruitcake since 1896, the recipe for which was brought over from Wiesbaden, Germany. The bakery ships its Texas fruitcakes, pecan cakes and other delicious pastries to 196 countries.
• In 2008, 5 million Texans traveled during the Christmas and New Year’s season, with 4.5 million traveling by car. Only California had more holiday travelers.
• According to the U.S. Census Bureau, three places in the country are named after the main course of Christmas dinner: Turkey, Texas, was the most populous in 2008, with 456 residents, followed by Turkey Creek, La. (361) and Turkey, N.C. (272).
• According to climate data gathered over the years, Abilene, Lubbock and Wichita Falls have a 3 percent chance of having a white Christmas, and Amarillo has a 7 percent chance of having snow on Dec. 25. The other major cities in Texas have nearly zero chance of a white Christmas.
• More than half of Texas consumers (55 percent) hope to spend more or the same on the holidays this year, an improvement from 43 percent last year. Texas consumers anticipate spending $1,380 over the holiday season, or 21 percent higher than the national average of $1,145.
• Three in four Texas consumers plan to use cash, checks or debit cards to pay for their gifts, compared to 65 percent nationwide. Only 23 percent of Texans expect to use credit cards.
• More than 60 percent of Texans expect to shop at discount/value department stores and 50 percent plan to shop via the Internet.
• Gift cards are expected to be the top gift for the sixth year in a row, with 67 percent of Texas consumers planning to buy an average of six gift cards for presents this year.

During the holiday season, people across our state will gather together and celebrate with friends and family to exchange gifts, offer thanks and reflect on the past year. Many Texans are also expected to buy Christmas trees, bake holiday treats or hit the roads to travel. To commemorate this special time of year, Texas Comptroller Susan Combs has compiled some festive holiday facts about our state and its economy related to the season.

• Texas has approximately 150 Christmas tree farms across the state producing 200,000 trees annually on 2,500 acres. Texas Christmas tree growers contribute $12 million each year to the state’s economy. Christmas trees have been grown commercially in Texas since 1977. Virginia and Afghan pines are the most common Christmas trees grown in Texas.

• In Houston, the city saved $185,000 in landfill costs by recycling 5,800 tons of tree waste from 47,000 homes from October 2007 to September 2008. Seventy-nine tons of this tree waste was from Christmas tree recycling.

• In 2007, Texas producers contributed 75 million pounds of pecans toward the record United States total crop of more than 385 million pounds.

• The Neiman Marcus Christmas Book was first published in 1926. Neiman Marcus is headquartered in Dallas.

• The Collin Street Bakery in Corsicana has been baking the world-famous DeLuxe fruitcake since 1896, the recipe for which was brought over from Wiesbaden, Germany. The bakery ships its Texas fruitcakes, pecan cakes and other delicious pastries to 196 countries.

• In 2008, 5 million Texans traveled during the Christmas and New Year’s season, with 4.5 million traveling by car. Only California had more holiday travelers.

• According to the U.S. Census Bureau, three places in the country are named after the main course of Christmas dinner: Turkey, Texas, was the most populous in 2008, with 456 residents, followed by Turkey Creek, La. (361) and Turkey, N.C. (272).

• According to climate data gathered over the years, Abilene, Lubbock and Wichita Falls have a 3 percent chance of having a white Christmas, and Amarillo has a 7 percent chance of having snow on Dec. 25. The other major cities in Texas have nearly zero chance of a white Christmas.

• More than half of Texas consumers (55 percent) hope to spend more or the same on the holidays this year, an improvement from 43 percent last year. Texas consumers anticipate spending $1,380 over the holiday season, or 21 percent higher than the national average of $1,145.

• Three in four Texas consumers plan to use cash, checks or debit cards to pay for their gifts, compared to 65 percent nationwide. Only 23 percent of Texans expect to use credit cards.

• More than 60 percent of Texans expect to shop at discount/value department stores and 50 percent plan to shop via the Internet.

• Gift cards are expected to be the top gift for the sixth year in a row, with 67 percent of Texas consumers planning to buy an average of six gift cards for presents this year.

House “Extenders” Package Unveiled

On December 7, House Ways and Means Committee Chair Charlie Rangel (D-NY) formally introduced H.R. 4213, the “Tax Extenders Act of 2009.” The 110-page measure, which would extend for one year 40-plus provisions that are set to expire at the end of this year, would be paid for by new foreign account tax compliance measures, and taxing “carried interest” as ordinary income. The bill is slated to be considered by the House Rules Committee on December 8, and then proceed directly to the House floor.
Individual provisions that would get a one-year lease on life are the election to claim an itemized deduction for state and local general sales taxes, the additional standard deduction for real property taxes, and the above-the-line deductions for qualified tuition costs and for schoolteachers.

On December 7, House Ways and Means Committee Chair Charlie Rangel (D-NY) formally introduced H.R. 4213, the “Tax Extenders Act of 2009.” The 110-page measure, which would extend for one year 40-plus provisions that are set to expire at the end of this year, would be paid for by new foreign account tax compliance measures, and taxing “carried interest” as ordinary income. The bill is slated to be considered by the House Rules Committee on December 8, and then proceed directly to the House floor.

Individual provisions that would get a one-year lease on life are the election to claim an itemized deduction for state and local general sales taxes, the additional standard deduction for real property taxes, and the above-the-line deductions for qualified tuition costs and for schoolteachers.

Christmas Bargains

NY Times, December 7, 2009:

The private-sale sites — a misnomer because most of these so-called exclusive sites are open to anyone who signs up — have become a thriving corner of online commerce. Sites using the same “while supplies last” approach have sprung up recently to sell home furnishings, beauty products and travel packages.

Private-sale sites are attracting brand-name investors. Kleiner Perkins Caufield & Byers, the venture capital firm that backed Google and Amazon.com, invested on Wednesday in One Kings Lane, which sells home décor. Gilt Groupe raised $55 million from Matrix Partners and General Atlantic, and Rue La La’s parent company was recently acquired byGSI Commerce for $180 million.

It works for the fashion industry, too, because as the economy slumped, stores deeply cut inventory, which left some designers with excess stock, depending on their production calendars. Some high-end brands view the sites as a place to unload inventory without sullying their image by having their merchandise appear on Overstock.com or on the racks at Filene’s Basement. The members-only Web sites also ensure that search engines will not locate and list the discounted products.

Debt Cancellation “Insurance”-Not as Good as it Sounds

On Marketplace; Tess Vigeland interviewed Bob Sullivan, who covers Internet scams and consumer fraud for MSNBC.com.  Listen to the show or read the transcript and learn about offers by credit card companies to pay your balance if you are laid off, injured, or fired, and how expensive they can be.

Texas Fiscal Notes

We are lucky to live in a state that is urban and urbane, but still celebrates the rural traditions that make Texas what it is.
In this issue of Fiscal Notes, you will learn that hunting is big bucks to the state’s economy – $2.2 billion annually. And deer are the most popular quarry. But to me, deer hunting has a more personal connection.

When I was a young girl, Thanksgiving meant going to my grandparents’ East Texas farm near Magnolia. Early on Thanksgiving morning, the men would go hunting. Invariably, my grandfather would return with a deer, dressed and freezer-bound. To my child’s mind, deer hunting and the holiday were synonymous. I thought families everywhere were hunting!

I know better now. But it’s hard to live in Texas and not be touched by hunting. It is not just a sport for rural Texans. Six in 10 hunters live in urban areas. Eight percent are women. I didn’t grow up to be a hunter. I prefer to bait a hook and try my luck. But Texas is a better place because of our great outdoors and the hunting it affords.

Enjoy this issue and please share with others.
Delane Caesar
Director
Public Outreach & Strategies

Read Fiscal Notes.

Estate Tax Relief and Extenders

On December 2, Democratic members of the House Ways & Means Committee predicted that the House would take up an estate tax relief bill this week. H.R. 4154, the “Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009, ” is slated to be considered by the House of Representatives on December 3. Ways & Means Select Revenue Subcommittee Chair Richard Neal (D-MA) said he expected that the House would actually pass the bill on December 3. An extenders bill may be taken up as early as next week.

(Checkpoint’s Newsstand)

The Flu and Contingency Planning

Kate Barr of the Nonprofits Assistance Fund writes:

I have not had the H1N1 flu.  I hope to keep it that way. However, this flu is starting to really affect me because of the number of people who are not so lucky.

As an example, in just the last week:

  • I attended two important meetings where key participants were missing in action.
  • Three training events and webinars were canceled.
  • A professional associate stayed home with his son for several days.

Two days ago we had to scramble to replace the speaker for one of our own training events.  That really brought this home.

Read More:

Labor Day

Labor Day was established to honor American workers.  The form for the celebration of Labor Day was outlined in the first proposal of the holiday: A street parade to exhibit to the public “the strength and esprit de corps of the trade and labor organizations,” followed by a festival for the workers and their families.

whd-bannerThe US Department of Labor Wage and Hour Division works to promote and achieve compliance with labor standards to protect and enhance the welfare of the of the nation’s workforce.  The FLSA establishes minimum wage, overtime pay, record keeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. Overtime pay at a rate not less than one and one-half times the regular rate of pay is required after 40 hours of work in a workweek.

Fans Pay Either Way for TV Blackouts

reports Richard Sandomir in the September 5, 2009, edition of the New York Times.  NFL Commissioner Roger Goodell refuses to back down from his position of not waiving the blackout policy for the people of Detroit where the unemployment rate approaches 30%.  Goodell is quoted as saying that the 36-year-old blackout policy has been very good for the game, for the fans, and for the teams.

But if enough people can’t afford the tickets, why penalize a team’s hometown fan base with the blackout hammer — making them drive 75 miles outside the market or searching for a pirated TV or Internet signal to catch the game?