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Sales tax revenues take dip

Wednesday, September 1, 2010

Sales tax revenue for the bi-county area showed the area economy is progressing tentatively. After showing gains in three of the last four months, revenues dropped by 9 percent in August. Six of the 11 towns collecting sales tax income topped totals a year ago, but the generally marginal gains were offset by big drops elsewhere.

Monett proved to be the exception to the general pattern. For the fifth consecutive month, Monett's sales tax income has topped last year's. The two general fund taxes produced $113,486.31 in August, up $3,201.96 from last July. Five months into the fiscal year, receipts from Monett's general fund taxes are up by 5 percent.

Monett's other two sales taxes rose by similar amounts for a total gain of $5,667.58 over last July. Through August, total sales tax received by Monett is up $540.89 over last year's pace.

Pierce City's sales taxes topped last year for the third consecutive month. The seven-eighths of a cent tax for general expenses brought in $5,385.51. up $206.86 from a year ago. Pierce City's three taxes produced $443.39 more than a year ago.

Four months into the fiscal year, Pierce City's general fund tax receipts are at their highest level in four years. The 2010 total is still below 2009 by almost $538.

Purdy had a similar marginal gain over the tax received last August. Purdy's three taxes combined gained $1,367 over a year ago, the third consecutive month of gains. For 2010, Purdy has topped 2009 tax receipts by $10,055.51.

Verona's general fund tax showed it second gain in sales tax in three months. The one-cent tax produced $1,400.08, up $408.55 from last August. Verona's three taxes combined for the month were down by $500 from a year ago. Verona's three taxes are down $7,482.69 or 18 percent from last year's pace.

Total sales tax coming into Barry and Lawrence counties in August, not counting the Barry County 911 tax, totaled $982,949.31, down 9 percent from a year ago.

Sales tax income to the seven Barry County cities with taxes dropped by 10 percent for the month. Monett, Purdy Washburn and Exeter had gains. Cassville had the worst month, receiving $9,764.35 less than last August for all its taxes combined.

Income to the six Lawrence County cities getting sales tax totalled $198,701.34, down 13 percent from a year ago. Pierce City and Miller were the only towns to top last August's numbers. Aurora had the worst showing, dropping $15,982.94 below last August's receipts.

Receipts for Lawrence County's three sales taxes were down $28,172.59 from last August. Barry County's two taxes received $18,536.85 less than a year ago.

Barry County's quarter-cent sales tax for the 911 service generated $59,481.68 for the month, down over $5,000 from a year ago. Two months into the current fiscal year, the 911 tax has produced $5,582 more than last year at the same time.



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