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Wednesday, May 25, 2016

Sales tax receipts take a dip

Monday, April 4, 2011

After two months of improved sales tax revenues coming into the bi-county area to start 2011, March totals reflected a 15 percent drop over a year ago, showing the economic downturn has not faded away.

Monett took the hardest fall of any bi-county town. Monett's four sales taxes generated $39,042.63 less than last January. The general fund taxes dropped by more than $23,000 to end the fiscal year at $1,646,122.78, nearly $300 under the total for the 2009-10 year and 10 percent under the record set during the 2006-07 year.

Monett's general fund taxes have brought in $392,766.89 for the first quarter of 2011, a drop of 2 percent from a year ago.

All of Pierce City's sales taxes showed gains over last March. The addition of a new quarter-cent tax to the general fund doubled the total from last March, giving the city $11,212.38 for the month. The total boosted the 11-month fiscal year total to less than $100 from the record set in 2006-07.

Without the new taxes, Pierce City's receipts for the first quarter of 2011 ran 3 percent under the start of 2010. The tax for the park, one of the three new taxes, has generated $4,102.40, about half the amount needed for the Monett Area YMCA to run the swimming pool this summer.

Purdy's sales taxes reflected a similar trend. The one-cent tax for the general fund produced $3,809.10 for the month, a drop of $778.40 from last March. Purdy's general fund tax total for 2011 is 2 percent under the first quarter of 2010.

Purdy's combined sales taxes for the first three months of 2011 have yielded $554 less than a year ago.

Verona showed a slightly larger drop. The city's one-cent sales tax for general expenses took in $1,270.31 in March, down $646.12 from a year ago. The March payment closed Verona's fiscal year with $27,169.90, a gain of $160 from the previous year. The total stopped a four-year slide, but the 2011 sum is $9,240 or 25 percent under the record set during the 2006-07 year.

Total sales tax coming into the bi-county area, not counting the Barry County 911 tax, totaled $1,117,154.50, the third year in a row the March sum has declined.

The seven Barry County cities collecting sales tax received $330,188.46. Comparing the same taxes collected in 2010, the total was down by 18 percent.

Every city in Barry County except for Washburn reflected a drop from last March's total. For the first quarter of 2011, Wheaton had the worst showing with a 26 percent decline in sales tax revenue. Exeter was down 13 percent, Seligman was down 10 percent and Cassville was down by 7 percent. Washburn posted a 5 percent gain.

The six Lawrence County cities receiving sales tax took in $282,766.46 in March, down 16 percent when comparing the same taxes collected a year ago. Only Pierce City showed a gain for the month.

For the first quarter of the year, Marionville had the weakest showing with a 13 percent decline in revenues. Mt. Vernon and Verona were both down 5 percent and Aurora was down 3 percent.

Lawrence County's three half-cent sales taxes generated $45,058 less in March than a year ago. The general fund tax has produced $274,849.58 for the first quarter of 2011, up about $350 over the start of 2010.

Barry County's two half-cent taxes took in $25,042.26 less than last March. The county's revenues for paying general bills is down 2 percent from the first quarter of 2010.

The quarter-cent tax collected by the Barry County 911 service received $59,593.52 in March, a drop of more than $6,000 from last March. The 911 tax has received almost $4,000 more in the past nine months than it got in the previous fiscal year.



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