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Local economy shows upswing in August sales tax receipts

Monday, September 12, 2011

For the fourth time in five months, August sales tax receipts to Barry and Lawrence towns and counties have shown gains over 2010.

Monett's two sales taxes for the general fund brought in $120,497.51 in August, a new record that is $7,011.20 higher than a year ago. The total is a little more than double the amount generated in 2001 and almost $7,000 better than the old August record set in 2008.

Five months into the current fiscal year, Monett's general fund income is running 7 percent better than last year's pace. The 2011 total to date of $1,154,218.91 is nearly 4 percent or $44,000 ahead of last year's pace.

Monett's other sales taxes reflected similar gains for the month.

Purdy showed its first significant sales tax income boost since April. The city's one-cent tax for general expenses produced $4,759.94, up $1,339.16 from last August after a drop of nearly $1,000 in July and two flat months before that.

Purdy's general fund tax has produced $39,103.58 in 2011, up $1,300 from a year ago. Purdy's two half-cent taxes also reflected a 4 percent gain for the year.

Pierce City's seven-eighths-of-a-cent sales tax for the general fund had the lowest August disbursement since 2004. When combined with the new half-cent tax for general bills, the total still fell $246.92 less than last August.

The new tax has helped boost Pierce City's general fund total for the first four months of the new fiscal year by almost $7,000 over last year's pace. The general fund total for 2011 is now at $63,748.53, up 44 percent from a year ago. Revenues from the city's two older half-cent taxes are down 7 percent or $1,800 each for the year.

Verona's one-cent sales tax brought in $30.17 less than last August. Only twice since 2004 has the disbursement been as small as the $1,369.91 received in August. Verona's sales tax totals have been up four months and down four months in 2011. The year's total of $19,844.65 is up nearly $3,000 or 17 percent from 2010.

Total sales tax to the bi-county area, not counting the sales tax for 911, totaled $1,046,010.99. Comparing the same taxes collected a year ago, revenue is up 6 percent from last year.

The six Lawrence County cities collecting sales tax received $219,216.28. Income from the same taxes collected a year ago was up by 8 percent. Only Aurora and Marionville topped last August's numbers. Aurora's general fund sales tax total was up by $13,846.37 over last August, while Mt. Vernon's general fund tax was down by $3,673.88.

The seven Barry County cities collected $344,655.97 in sales tax, up 5 percent from last August. Monett, Cassville and Purdy, the three biggest tax generators, were the only towns to top last August's numbers. Cassville's general fund tax was up by $1,615.81 while Seligman's tax was down by $903.83.

Each of Lawrence County's three half-cent sales taxes had gains of more than $1,500 for the month. Lawrence County's general fund tax is up by nearly $20,000 or 2.5 percent over last year's pace.

Barry County's two half-cent sales taxes each showed gains of $10,774 over last month. Income from the general fund tax is up by more than $17,000 or 1.5 percent over last year's pace.

The quarter-cent tax collected to fund Barry County's 911 service produced $64,916.28 in August, up $5,434.60 from a year ago. The 2011 total through August is up by nearly $9,000 from 2010.



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