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Sales tax bounces down in July

Thursday, August 2, 2012

Sales tax revenues to bi-county cities and counties took a downward turn in July. The fourth drop in seven months reflected continued instability in the economy.

Monett's two sales taxes for the general fund generated $167,577.66 in July, a drop of $21,751.35 from last July. The total was nonetheless the fourth best July on record and the second best in the last four years.

Totals from each of Monett's taxes were down around 11 percent for the month. The four-month total for the general fund taxes is down 5 percent. The 2012 total is down less than 3 percent.

Pierce City's sales taxes held practically even with a year ago. The city's six sales taxes increased revenue in July for a combined total of $120.29. Pierce City's general fund income for the first quarter of the fiscal year rose by a little over $200. Income for 2012 is up by over 3 percent.

Purdy had the its lightest July for sales tax revenue in three years. The one-cent sales tax for general expenses produced $4,675.66, down $801.70 or 15 percent. Income from Purdy's three taxes was down by nearly $1,600 for the month. For 2012, revenue from Purdy's three taxes have dropped by about $1,400 or less than 3 percent.

Verona had its second lowest July in the past four years. The city's one-cent sales tax for general expenses yielded $2,422.86, down $1,092.20 or down 31 percent from a year ago. Income from Verona's three taxes is down by 20 percent for 2012.

Total sales tax income to bi-county governments, not counting the Barry County 911 sales tax, generated $1,485,036.32 in July, down 11 percent from a year ago. The total was within $5,000 of the amount received in July 2010.

The six Lawrence County cities generating sales tax produced $363,887.83, down 12 percent from a year ago but up 15 percent from two years ago. Aurora, Pierce City and Miller were the only cities to see gains.

Income to Aurora's three taxes rose by $13,536.99, while revenues from Marionville's five taxes dropped by $33,175.03. Mt. Vernon's three taxes were down by $28,369.97.

The seven Barry County cities with taxes tax produced $480,194.97, down 9 percent from a year ago. Only Cassville surpassed last July's total, generating $3,155.84 more than a year ago.

Revenue to Wheaton was off 24 percent. Seligman's four sales taxes recorded a 27 percent drop.

Income from county-wide sales taxes were down as well. Each of Lawrence County's three half-cent sales taxes was down by 5 percent for a total of $17,172.20.

Barry County received a much harder hit. Each of the county's two half-cent sales taxes received 20 percent less than a year ago, for a combined total of $72,903.49.

Barry County's sales tax for the 911 service was also down by nearly $800 or 20 percent. For 2012, sales tax income is very close to last year's pace, down almost $800 on income of more than $1,012,000.



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