[Monett Times] Fair ~ 66°F  
High: 71°F ~ Low: 55°F
Thursday, May 5, 2016

Sales tax takes dip in November

Monday, November 29, 2010

Sales tax revenue in the bi-county area in November dropped for the third time in the last four months. The most significant income reductions came in Lawrence County.

Monett's four sales taxes dropped by nearly $9,200 for the month. The two taxes collected to pay general bills generated $104,241.24, a drop of $5,082.30 from last November. It was the fifth drop of the year compared to 2009, but eight months into the fiscal year, the general fund total is ahead of last year's pace by more than $20,000. Except for the peak year of 2008, Monett's fiscal year total for the general fund is within $30,000 of any year since 2005. For 2010, the current total falls below 2009 by less than $15,000.

Monett's half-cent capital improvements tax and the quarter-cent tax collected to pay for the Justice Center brought in 5 percent less in November than a year ago.

In comparison, nearby towns fared worse than Monett. Income to Pierce City's seven-eighths of a cent tax for the general fund produced $2,552.79, down $1,605.03 or almost 40 percent from last November. It was the weakest November showing since 2003. The seven-month fiscal year total is only 2 percent below last year's pace but remains the lowest total since 2005.

Pierce City's three sales taxes produced $3,473.19 less in November than in 2009. For 2010, Pierce City's general fund tax has received about $3,000 less to date than in 2009. On the positive side, the first payment from Pierce City's new sales taxes for the general fund, the park and fire department arrived, adding $612.65 to city funds.

Purdy's one-cent tax for general expenses received $3,841.72, down $3,247.18 or 46 percent from last November. Purdy's three sales taxes generated $6,524.62 less than a year ago. It was the fifth time this year Purdy has received lower tax revenues, but for 2010 Purdy's general fund total is up by $9,724.65.

Verona's three taxes had a combined drop of $499.90 from last November, half coming from the one-cent general fund tax. Revenue from each tax was down by 20 percent. The dip was Verona's first in four months. The general fund total to date is almost $3,700 below last year's pace, the lowest rate since 2005.

Total sales tax to the bi-county area, not counting Barry County's 911 tax, totaled $886,128.98, down 12 percent from the same taxes collected a year ago, the lowest November total since 2006.

The six Lawrence County cities collecting sales tax received 16 percent less than last November, Only Mt. Vernon topped last year's numbers. Aurora had the worst showing of any bi-county town, seeing income drop by more than $27,000 from its three taxes.

The seven Barry County cities generating sales tax income took in 8 percent less, with Washburn and Wheaton topping last November's totals.

Lawrence County's three half-cent taxes for general bills, road maintenance and the Justice Center received $42,591 less than last November. The county's general fund total is down by almost $16,000 or 2 percent from last year's pace.

Barry County's two half-cent taxes yielded $21,418.96 less than a year ago. The general fund total is still ahead of 2009 by a little over $6,000.

Barry County's 911 tax yielded $54,964.22 in November, down $5,000 from a year ago. The tax has produced $373,747.27 in 2010, ahead of 2009 by $3,758.14.



Respond to this story

Posting a comment requires free registration:

© 2016 Monett Times, a division of Rust Publishing MOARCASS, L.L.C. All rights reserved.