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Sales tax shows lowest local activity in five years

Friday, August 31, 2012

Summer doldrums have settled into the local economy, according to the August sales tax distribution. Bi-county towns and counties received the smallest disbursement for the month since 2007. Local sales tax revenue has been down in four of the last five months, compared to a year ago.

Monett's two sales taxes for general expenses generated $110,242.97 in August, a drop of $10,254.54 from a year ago. The amount was the lowest in three years but larger than every August prior to 2008. Each of Monett's sales taxes was down about 9 percent from last August.

Monett's five-month fiscal year total for the general fund taxes was down $43,600 from last year's pace but $8,000 better than two years ago. The 2012 general fund total of $1,120,788.97 is almost $34,000 or 3 percent behind this time last year.

Pierce City's seven-eighths of a cent sales tax delivered the smallest amount into city coffers in August in 22 years. Now that two taxes collect for the general fund, even the combined sum of $2,208.09 was $2,930.50 or less than half of last year's total. The two taxes produced the lowest amount paid into the general fund since 2002.

The four-month fiscal year total for the general fund is nearly $3,000 less than last year's pace. Pierce City's six sales taxes combined for 2012 have produced $771.14 less than a year ago, or less than half a percent difference.

Purdy's one-cent tax for general expenses produced $2,553.31 in August, down $2,206.63 from last year. It was the smallest August payment since 2006 and the third time in four months receipts in Purdy have been down. Payments to Purdy's general fund tax in 2012 are down almost $1,400 or 4 percent compared to 2011.

Verona's one-cent sales tax for general expenses yielded $971.83, the lowest amount since 2002 and a drop of $398.08 from last year. Verona's five-month fiscal year total of $9,380.05 is down 35 percent from a year ago and the lowest amount received since 2005.

Total sales tax coming into the bi-county area in August, not counting the Barry County 911 tax, was $941,254.91, a drop of 10 percent from a year ago.

The seven Barry County cities collecting sales tax generated $312,881.72, down 9 percent from a year ago. Only Seligman bested last August's totals, and only by $430.11 for four taxes. Cassville's general fund yielded $53,041.57, a drop of $4,249.94 from last August.

The six Lawrence County cities with sales tax generated $199,589.94, also a drop of 9 percent. Mt. Vernon and Miller topped last August's numbers. Mt. Vernon's one-cent general fund tax produced $33,573.65, up $6,102.61. Aurora's one-cent general fund tax generated $56,437.21, down $10,796.72.

Both counties felt the pinch on county-wide taxes. Lawrence County's three half-cent taxes yielded $22,192.75 less than last August, the smallest total since 2006. Lawrence County's general fund total for 2012 is ahead of last year by 2 percent.

Barry County's two half-cent taxes produced $31,162.74 less than last August, the lowest amount since 2007. Barry County's general fund total for 2012 is a little over 1 percent behind last year's pace.

Barry County's sales taxes for 911 services produced $61,448.63 in August, a drop of $3,467.65 from a year ago. The 2012 total is ahead of last year's pace by more than $23,800.

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