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Bi-county sales tax continues to dip in October

Thursday, November 1, 2012

For the fourth consecutive month, sales tax revenue for Barry and Lawrence counties in October have fallen below 2011 levels. Monett, however, reversed a three-month losing trend and registered a slight gain for only the fourth time this year.

Monett's two sales taxes for the general fund generated $133.225.74, the largest October total in four years. Monett's combined four sales taxes produced $1,455 more than a year ago.

Seven months into the new fiscal year, Monett's general fund tax total is running 6 percent below last year's pace. The 2012 tally is more than $56,000 under the 2011 sum.

Towns around Monett benefitted from the same trend. Pierce City's two taxes for general expenses yielded $8,478.13, up $920.07 from a year ago. It was the fourth time in the last six months that Pierce City has shown gains.

Pierce City's five sales taxes produced $1,920.54 more in October than a year ago. Tax receipts for 2012 are running about 2 percent ahead of 2011.

Purdy's taxes saw two months of consecutive gains to offset two previous months of consecutive losses. Purdy's one-cent tax for the general fund generated $4,808.99, up $13.57 from a year ago. Purdy's three taxes produced $247.54 more than last October.

For months into the current fiscal year, Purdy's general fund sales tax is about $2,400 below last year's pace. The 2012 total is a little over $800 below the 10-month total in 2011.

Verona had the first positive number compared to 2011 since the current fiscal year began in April. Verona's one-cent sales tax for general expenses topped last October's total by $307.88. The city's three sales taxes produced $615.48 more than a year ago.

Verona's fiscal year total for the general fund is 25 percent less than a year ago. The 2012 total is down by more than $4,000.

Total sales tax coming into Barry and Lawrence counties in October, not counting the Barry County sales taxes for 911, produced $1,265,193.14. The sum was down 5 percent from a year ago, the only October in the last six years with a lower total.

The six Lawrence County cities collecting sales tax all showed declines except for Pierce City and Verona. ­Aurora's general fund received $81,111.57, a drop of $836.67 from a year ago. Mt. Vernon's general fund tax yielded $44,168.75, down by $4,313.97. Marionville and Miller were close to even with last year.

The seven Barry County cities were also down by 3 percent, down in every town but Monett and Purdy. Cassville's general fund tax generated $63,648.67, a drop of $1,481.91. Seligman's receipts were down by 22 percent, while Washburn was down 37 percent and Exeter had the lowest October total in more than a decade, down 68 percent from a year ago.

Totals for county-wide taxes were down for the fourth consecutive month. Receipts on each of Lawrence County's three half-cent taxes were down by nearly $4,000 from a year ago. Receipts on each tax are down about $13,000 from last year's pace.

Barry County's two half-cent taxes each generated nearly $14,500 less than a year ago, the lowest October totals since 2001. The 2012 totals are around $40,000 under last year's pace.

The two sales taxes supporting Barry County's 911 service produced $100,431.26 in October, up 36 percent from a year ago with the addition of a second tax. For 2011, the 911 system received $832,971.86 from sales taxes, up $79,000 from a year ago with one tax.



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