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Sales tax down sharply in July

Wednesday, July 29, 2009

Sales tax income in Barry and Lawrence counties during July showed no sign of an economic rebound. Receipts disbursed by the Missouri Department of Revenue were down 18 percent from last July. Out of all the tax recipients, only one town showed a gain over a year ago. The last time such a general drop occurred was in June of 2008, when 40 of 41 local sales taxes showed a decline over the previous year.

On the positive side, even with the comparative dip, the July grand total was still better than the tally for July 2007.

For the fourth consecutive month, Monett showed the biggest revenue drop of all the bi-county cities, compared to last July. Monett's two taxes for the general fund generated $143,385.62, the smallest July disbursement since 2005 and $36,574 below last July.

The four-month fiscal year total of $565,803.48 is almost $4,000 ahead of the beginning of 2005, but 16 percent below last year's pace. The $1,000,700.43 total to date for calendar year 2009 is 12 percent under the first seven months of 2008.

Monett's half-cent tax for capital improvements brought in $71,693.69 in July. The quarter-cent tax to pay off the Justice Center yielded $34,751. Both were down 20 percent from a year ago. The 2008 total for the capital improvements tax is down 10 percent for the year. The total for the Justice Center tax is down 20 percent.

Like Monett, Pierce City is having the slowest start to its fiscal year since 2005. Pierce City's seven-eighths of a cent sales tax for general expenses pulled in $5,227.89 in July, the smallest July amount since 2005 and down 28 percent from a year ago.

Three months into the new fiscal year, Pierce City's general fund sales tax has yielded $16,391.84, down 15 percent from last year's pace. The 2009 total down almost 9 percent from a year ago. The half-cent taxes for streets and capital improvements showed similar performances. The total for Pierce City's three taxes for July reflected a drop of almost $7,900 from last July.

Purdy's two one-cent sales taxes for general bills generated $8,694.14 for July, the second best July on record but 34 percent below last July. The 2009 total of $60,142.71 is down 14 percent from this time last year, after not besting the 2008 numbers in five of the last six months.

Verona's one-cent sales tax brought in $3,011.17 in July for the general fund, 27 percent less than a year ago but still the second best July on record. The four-month fiscal year total from the tax is $10,532.20, down 6 percent from last year's pace.

Verona's general fund tax for 2009 added up to $20,051.56, down a little over $600 from 2008. Verona's general fund tax and half-cent tax for fire and police service brought almost $950 less to city coffers in July than a year ago.

Sales tax revenues to 11 Barry and Lawrence County cities plus the countywide taxes added up to $1,351,602.11 in July, not counting the sales tax for Barry County's 911 service. The total reflected a drop of 18 percent from last July.

The seven Barry County cities collecting sales tax took in $431,640.41 in July, a drop of 16 percent from a year ago. Only Seligman did not see a drop in revenue.

The six Lawrence County cities receiving sales tax collectively received $315,280.12, which was 20 percent below last July. Every town got less than a year ago.

Aurora's one-cent tax for its general fund received $87,727.26, the second highest total for any city's general fund other than Monett. Each of Aurora's three sales taxes were down by 9 percent from last July, dropping city income by $16,247.77.

Cassville's one-cent tax for general expenses brought in $73,441.34, down $7,133.06 from last year. Like Aurora, Cassville's three sales taxes were all down by 9 percent from last year, reducing city income for the month by $14,265.39.

Mt. Vernon's one-cent tax for general expenses received $44,245.47, a drop of 7 percent from last July. The trend followed for all three of Mt. Vernon's taxes, reducing city income by $7,017.49 from a year ago.

Wheaton's one-cent tax for the general fund generated $3,067.79, a 28 percent drop from last July. Washburn's one-cent tax for general expenses yielded $2,046.47, a drop of almost 17 percent from a year ago.

Marionville's one-cent tax for general bills produced $11,298.77 for the month, down 18 percent from last July. Miller's two taxes for general bills took in $6,311.40, a drop of 12 percent from a year ago.

In contrast, Seligman has had receipts up over last year in three of the last four months. The general fund one-cent tax generated $4,410.04 in July, a gain of 16 percent from a year ago. Seligman's two taxes had a combined gain of $1,206.50.

Lawrence County's three half-cent sales taxes each produced around $101,000 in July, and each were down by more than $19,000 from last July. Lawrence County's combined income was off by $58,240.94 from a year ago or 16 percent.

Barry County's two half-cent taxes each produced close to $151,000 for the month. Income from the two taxes was down $69,449.88 or 19 percent from last July.

The quarter-cent tax that goes directly to Barry County's Emergency Services Board to pay for the 911 system brought in $75,321.06. The amount was $17,644.99 or 19 percent less than last July.

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