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Sales tax income shows upswing in July

Friday, August 12, 2011

Powered by a nearly 16 percent boost in Monett, Barry and Lawrence sales tax income rose for most recipients in July. It was the fourth time in seven months sales tax receipts have risen by 9 percent or more beyond 2010 levels.

Monett's two sales taxes for the general fund generated $189,329.01 in July, up $25,684.14 from a year ago. Receipts have been up in three of the four months of Monett's new fiscal year, putting the current general fund tally at nearly 8 percent higher than last year's pace.

Monett's four sales taxes yielded nearly $45,000 more than last July. Monett's general fund total for 2011 reached $1,033,721.45, up almost 4 percent from a year ago and the highest July total since 2008, before the economic downturn settled in.

Pierce City's income again saw significant boosts from new taxes while older taxes produced 9 percent less than last July. The two taxes for general expenses produced $8,883,47, a new record for the month. The second tax has helped boost general fund revenues by 39 percent over last year's pace.

The half-cent taxes collected in Pierce City for street maintenance and capital improvements each took in $330 less than last July. The three new taxes, collected since last November, boosted revenues altogether by $6,446.25. Receipts from the two taxes not enhanced by additional collections are both down for the year by about $600.

Purdy's three sales taxes lagged below last July's levels by $2,224. The one-cent tax for the general fund yielded $5,478.36 in July, down 15 percent, the lowest July total since 2008. Purdy's general fund total of 2011 of $34,343,64 is almost $21 higher than a year ago.

Verona's one-cent sales tax for general expenses generated $3,515.06 in July, up $1,108.04 or up 46 percent from a year ago. Verona's receipts have been up in three of the four months of the new fiscal year. The three taxes were up $2,216 above last July's total.

Verona's general fund total for the fiscal year is up to $13,005.60, the highest total since 2006. The 2011 tally of $18,474.74 is up 19 percent over last year's pace.

The total sales tax received in Barry and Lawrence counties in July, not counting the 911 tax in Barry County, was $1,670,147.08. The same taxes collected a year ago generated 11 percent more than last July.

The seven Barry County cities collecting sales tax received 9 percent more than last July. Cassville, Exeter and Purdy were the only cities failing to top last July's numbers. Cassville's receipts from its three taxes were down $8,761.40.

The six Lawrence County cities collecting sales tax were up 21 percent from last July. Aurora had the only decrease, seeing receipts drop by $11,946.15 on its three taxes. Mt. Vernon more than made up the difference with receipts from its three taxes rising by $38,537.57.

Collections for the county-wide sales taxes benefitted from the strong municipal showings.

Lawrence County's three half-cent sales taxes each rose by 8 percent. Income rose by a total of $26,613.24.

Barry County's two half-cent taxes each rose by 9 percent. Total receipts for July were up by $31,974.70.

The quarter-cent tax collected to run the Barry County 911 system yielded $93,382.82 for the month, up 9 percent from a year ago.



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