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Sales tax is on the rebound

Monday, April 2, 2012

Sales tax disbursements to bi-county cities and county governments showed a sharp rebound in March. Declines in February were erased, leaving 12 of 13 cities with higher revenues than a year ago.

Monett registered the sharpest increase over last March of all the bi-county cities. The $184,790.43 generated by the two taxes for the general fund was up $72,304.75 from a year ago. Total receipts from Monett's four sales taxes rose by $125,458.50 or 64 percent over last March.

Monett closed its fiscal year in March with a general fund total of $1,817,134.69, the best total in the last three years and the third highest on record. The 2006-07 fiscal year still stands as the record at $1,830,884.51.

Pierce City's two general fund taxes produced $9,614.15 for the month, down $1,507.23 from a year ago. Pierce City's six sales taxes brought in $3,187.82 less than last March.

Because of the addition of the new quarter-cent sales tax, Pierce City's general fund collections for the fiscal year are up by $22,000 or 32 percent after 11 months into the fiscal year. For the first quarter of 2012, Pierce City's receipts are down by 4 percent.

Purdy had its second-best March on record, pulling in $5,214.79 from its one-cent sales tax for general expenses. The record was $5,804 set in 2008. The total is close to the 2006 tally, when all Purdy's sales tax went into the general fund and not half, as is done now.

For the first quarter of 2011, Purdy's sales tax receipts are up by 14 percent over a year ago.

Verona's one-cent sales tax for the general fund yielded $2,786.14, up $1,515.83 from last March. Verona closed its fiscal year in March with $32,050.52 in the general fund, the highest in the last three years and about $2,500 short of the total from the preceding two years.

For the first quarter of 2012, receipts for each of Verona's three taxes are up by 18 percent over a year ago.

All the cities and county governments, excluding Barry County 911, received $1,552,368.61 in sales tax in March, up 39 percent from a year ago. The total was $3,000 shy of the pre-economic downturn tally from March 2008.

The seven Barry County cities generating sales tax received $512,662.65 for the month, up 55 percent from a year ago. The six Lawrence County cities received $353,563.17, up 25 percent. All the cities received more money than last March except for Pierce City.

A comparison for the first quarter of 2012 to the same period a year ago follows: Aurora, +8 percent; Cassville, +9 percent; Exeter, +1 percent; Marionville, +20 percent; Miller, +7 percent; Mt. Vernon, +14 percent; Seligman, +17 percent; Washburn, +6 percent; and Wheaton, +36 percent.

Lawrence County's half-cent tax for general operations generated $112,259.37 in March, up $23,494.25 from a year ago. Each of the county's three taxes showed a similar gain.

Receipts from Lawrence County's three taxes rose 27 percent from last March. For the first quarter of 2012, sales tax income is up 10 percent compared to the beginning of 2011.

Barry County's two half-cent sales taxes received nearly $175,000 for the month, each up $55,700 from last March. Receipts for the month were up 48 percent over a year ago. For the first quarter of 2012, Barry County's sales tax income is up by 12 percent.

The quarter-cent sales tax supporting Barry County's 911 service produced $87,417.77 in March, up 47 percent from a year ago. For the first quarter of 2012, sales tax income is up by 7 percent.



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