[Monett Times] Fair ~ 55°F  
High: 71°F ~ Low: 47°F
Wednesday, May 4, 2016

Sales tax income jumps again in May

Thursday, June 2, 2011

Sales tax revenue for the bi-county area jumped into the double digit range for the second consecutive month in May. No comparable revenue jump has been seen since the summer of 2008, before the economic downturn.

Monett's two sales taxes for the general fund generated $130,967.78 in May, up $16,773.65 from last May. The two-month fiscal year total was up by 13 percent from a year ago, the best showing since the start of 2004. The city's other two sales taxes showed similar increases.

In the first five months of 2011, Monett's sales tax for general expenses is up by more than $130,000 or 23 percent from last year's pace.

Purdy's one-cent sales tax for general expenses inched slightly above last year, producing $4,553.42, up $13.13. Purdy's general fund tax has seen gains in three of the last five months. The total for 2011 is up 4 percent over last year.

Pierce City received its smallest disbursement in May since 2008. Even with the additional half-cent tax for the general fund included, the $3,953.19 was down by $1,737.72 from the single tax last May. Pierce City's general fund revenue is nonetheless $11,099.28 higher that last year's pace.

Verona's one-cent sales tax for general expenses generated $2,528.16, the best May payment on record and up $1,699.92 from a year ago. Each of Verona's three sales taxes received more than triple the amount that came in last May. Verona's general fund has received 21 percent more in 2011 than came in during the first five months of 2010.

Bi-county cities and county governments received $1,081.823.02 in sales tax in May, not counting the Barry County 911 tax. A year ago, the same taxes yielded 11 percent less. The last time sales taxes made a comparable jump in May was in 2008, when the total jumped by 88 percent.

The six Lawrence County cities receiving sales tax took in $214,672.81, up 2 percent on the same taxes collected a year ago. Only Pierce City did not see improvements over a year ago. Aurora's three taxes brought in $12,581.68 more than last May. Mt. Vernon's three taxes produced $7,839.08 more than a year ago.

The seven Barry County cities collecting sales tax received $370,415.10, up 12 percent on the same taxes collected a year ago. Only Seligman failed to top last May's numbers, dropping by more than $3,200 for the worst showing of any sales tax recipient. Cassville's three sales taxes generated $5,111.85 more than last May.

Lawrence County's three county-wide sales taxes each saw a 14 percent rise over last May, bringing in more than $30,000 above last May's receipts. Lawrence County's general fund tax is up by more than $18,000 over the beginning of 2010.

Barry County's two taxes supporting general expenses and roads also each saw a 14 percent increase. The county took in $32,400.19 more than a year ago. The 2011 total tops the 2010 tally by over $8,000.

The quarter-cent tax collected to fund the Barry County 911 service generated $64,059.97 in May, up 14 percent from a year ago. The 2011 total is up by almost $12,000 from last year's pace.

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.