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Thursday, Apr. 28, 2016

Sales tax shows varied impact of current economic conditions

Wednesday, April 1, 2009

3-30 Sales tax for March 3/29


Sales tax disbursements for the first quarter of 2009 have varied significantly from town to town. While Monett experienced the biggest drop of revenue of any bi-county city, Aurora and Cassville recorded slight gains over the first three months of 2008.

Monett's two sales taxes for the general fund received $163,421.96 in March, a drop of $3,264.06 from last March. For the first quarter of 2008, sales tax receipts of $435,197.95 are down 8 percent from the same period a year ago.

March also represented the close of Monett's fiscal year. The general fund sales taxes generated $1,826,010.08, an increase of 1 percent or $22,639.64 over the previous year.

Receipts from Monett's half-cent sales tax to fund capital improvements dropped by $1,631.70 in March. Receipts were off 6 percent for the first quarter of 2009. For the fiscal year, the tax brought in $903,989.70, a gain of $4,262.61 or less than half of 1 percent over the previous year.

The quarter-cent sales tax Monett collects to pay for the Justice Center yielded $37,999.44 in March, down $1,237.42 from a year ago. For the first quarter of 2009, receipts were down by 5 percent.

Totals for Pierce City showed a more modest decline. The seven-eighths-of-a-cent sales tax collected for general expenses received $6,552.10 in March, the lowest amount for the month since 2004 and a drop of $2,413.92 from last March.

The calendar year total of $16,710.07 is down by 4 percent from the first part of 2008. The 11-month fiscal year total is still ahead of the previous year by only $95.18.

Receipts from Pierce City's half-cent tax for street maintenance and capital improvements were also down by 4 percent for the first quarter of 2009.

Purdy recorded the sharpest percentage decline for any bi-county town in March. The two one-cent taxes that pay general expenses pulled in $9,540.28 in March, down $2,068.14 from a year ago. With receipts down in two of the last three months, Purdy's 2009 sum to date of $26,263.68 reflected a 10 percent decline over the start of 2008.

Verona showed very little change in its sales tax income. The March disbursement for the one-cent tax for the general fund brought in $2,583, a dip of $645.54 from a year ago. The disbursement closed Verona's fiscal year with a total of $34,461.01, down only $384.82 from the previous year.

Despite revenue declines for the two months, total general fund sales tax for Verona for 2009 to date of $9,519.36 reflected a 1 percent increase. Verona's half-cent sales tax for police and fire services also rose by 1 percent in 2009.

Total sales tax income to the bi-county area in March, not counting the half-cent tax for Barry County's "911" system, came to $1,493,769.75, a drop of 4 percent from last March.

Municipal totals

Total sales tax income for the seven Barry County cities collecting sales tax in March totaled $461,165.22, a drop of a mere $851.51 over a year ago. Cassville, Exeter and Wheaton were the only towns to get more sales tax than they did a year ago.

For 2009, receipts on all three sales taxes in Cassville have risen by less than half of 1 percent. Sales tax income in Exeter is up by 5 percent. Totals for Seligman's three taxes are each down by 2 percent. Income for each of Washburn's three taxes have fallen by 7 percent. Wheaton's one cent sales tax was up 10 percent from a year ago.

The six cities in Lawrence County collecting sales tax took in $370,761.72, a drop of 5 percent from last March. While Aurora and Marionville were very close to last March's numbers, only Miller beat the total from a year ago.

Two of the three sales taxes in Aurora showed an increase of 1 percent for the first quarter of 2009, while income for the street maintenance tax dropped by 1 percent. Aurora also collected a use tax for the first time in March, adding $2,301.62. Approved by voters last November, Aurora has the only use tax collected by a bi-county municipality.

Mt. Vernon's sales taxes each showed a decline of 8 percent for the quarter, compared to a year ago. Miller had a 27 percent increase in income on the quarter, the best in the bi-county area.

Marionville showed gains on its five sales taxes, largely because a year ago the Missouri Department of Revenue was deducting one industry's overpayment from all of the city's current disbursements. Consequently, income from three of Marionville's taxes for the first quarter of 2009 rose by 10 percent.

County totals

Slight differences showed up between Lawrence and Barry counties for sales tax receipts.

Lawrence County's three half-cent sales taxes each showed gains of more than $13,000 for receipts in March. The gains were comparable to increase received in January, but were offset by an income drop in February. Consequently, all of Lawrence County's taxes registered an 8 percent drop for the first quarter of 2009.

In that period, the use tax Lawrence County collects to make up for sales tax on out-of-county transactions generated $109,504.93, a 36 percent gain.

Barry County's two half-cent sales taxes collected almost exactly the same amount in March as a year ago. The general fund tax was down by $50.35 and the tax for maintaining roads and bridges was down by $39.88. For the first quarter of 2009, totals for both taxes were down by 7 percent.

The quarter-cent tax for Barry County's "911" service received $78,024.42 in March, a drop of $643.87 from a year ago, a drop of less than 1 percent. For the first quarter of the year, sales tax income is down 7 percent.

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