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Sunday, May 1, 2016

Sales tax income shows signs of improvement

Friday, August 6, 2010

A rainbow crosses Monett's business district at the end of a storm. [Times Photo by Murray Bishoff]
Sales tax income to bi-county cities and counties continued to improve in July. For the third time in four months, overall revenue has topped numbers from 2009.

Monett showed a particularly strong showing, registering the largest gain for the month since before the economic downturn started in February 2009. Monett's two sales taxes for the general fund generated $163,644.86 in July, up $20,259.24 from a year ago. Monett's other sales taxes showed similar gains.

The four-month fiscal year total for Monett's general fund of $596,029.59 is 5 percent better than last year's pace and nearly up to the 2006 and 2007 levels. Income is still running 11 percent under the record numbers of 2008. The 2010 general fund total is only $4,000 under the 2009 sum after seven months.

Pierce City showed its second month of gains after three consecutive months of decreased earnings. Pierce City's seven-eighths of a cent tax for general expenses had its best month since the 2008 peak, yielding $6,238.72, up $1,010.83 from last July. The total for Pierce City's three taxes is up nearly 20 percent from a year ago.

Three months into the new fiscal year, receipts to Pierce City's general fund are almost 9 percent ahead of last year and only about $500 behind the 2007 pace.

The numbers were not so positive in Purdy, where the city's one-cent sales tax for general expenses dropped 26 percent to $6,411.39. Purdy's total sales tax income was down by $4,366.93 from last July.

Verona's one-cent tax for the general fund produced $2,407.02 in July, down $604.15 from a year ago. Receipts from Verona's sales taxes have been down in three out of four months in the new fiscal year, leaving the general fund down 8 percent from last year's pace.

Total sales tax coming into the bi-county area in July, not counting Barry County's separate tax for 911 services, was $1,489,027.11, which was 9 percent higher than a year ago. The sum was still $500,000 below the totals in 2007 and 2008.

The seven Barry County cities collecting sales tax received $480,934.18 or 9 percent more than last July. Only Purdy and Seligman failed to top last year's numbers.

The six Lawrence County cities getting sales tax income received $335,328.57, up 6 percent from a year ago. Drops for Miller, Mt. Vernon and Verona were offset by a gain of more than $20,000 for Aurora.

Barry County's two half-cent taxes for the general fund and roads each yielded over $20,000 more than last July. Lawrence County's three half-cent taxes each produced over than $9,000 more than a year ago.

The quarter-cent tax funding Barry County's 911 service generated $85,462.89. The amount was more than $10,000 higher than last July.

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