Sales tax revenue looks steady starting off in 2016
February 17, 2016
Charlea Mills
After an impressive year for sales tax revenue in 2015, the start of 2016 started slow but appears to be gaining momentum.
For both Barry County and the City of Cassville, 2015 was a big year for sales tax revenue. Cassville brought in $865,652.72 for their general one-cent tax, which was almost $50,000 more than 2014. Barry County’s revenue for their general 1/2-cent sales tax brought in $2,031,442.27 in 2015, which was almost $90,000 more than 2014. So, both the county and Cassville ended up with more revenue than they anticipated for the year.
In 2016, Cassville and Barry County have each received two sales tax revenue payments. In January, revenue was down 5.75 percent for the county and 3.3 percent for the city. However, both recovered in February with a positive jump of 6.3 percent over last year’s revenue for Cassville and 4.66 percent for Barry County. So far for the year, Cassville is up 1.0 percent over 2015’s revenue, but the county is down 0.96 percent overall. With 2015’s revenue totals being impressive, that is a good sign for 2016 that totals are similar.
So far, Cassville has collected $144,250.07, almost spot on for the total up to this point in 2015, which was more than previous years. Barry County has collected $297,739.08 for the year, only around $3,000 shy of the same time frame from 2015.
For Cassville, the other big question in sales tax revenue is the 3/8-cent transportation sales tax that is to go to repair roads in disrepair in the city. The first full year that the tax was collected was 2015, and in all, the city received $332,460.99. So far, this year $53,736.27 has been added to that amount. The city already went through a process to grade roads and determine where work needs to begin to utilize the funds coming in, which will take a long time to deal with all of the issues in the city’s streets.
Charlea Mills
After an impressive year for sales tax revenue in 2015, the start of 2016 started slow but appears to be gaining momentum.
For both Barry County and the City of Cassville, 2015 was a big year for sales tax revenue. Cassville brought in $865,652.72 for their general one-cent tax, which was almost $50,000 more than 2014. Barry County’s revenue for their general 1/2-cent sales tax brought in $2,031,442.27 in 2015, which was almost $90,000 more than 2014. So, both the county and Cassville ended up with more revenue than they anticipated for the year.
In 2016, Cassville and Barry County have each received two sales tax revenue payments. In January, revenue was down 5.75 percent for the county and 3.3 percent for the city. However, both recovered in February with a positive jump of 6.3 percent over last year’s revenue for Cassville and 4.66 percent for Barry County. So far for the year, Cassville is up 1.0 percent over 2015’s revenue, but the county is down 0.96 percent overall. With 2015’s revenue totals being impressive, that is a good sign for 2016 that totals are similar.
So far, Cassville has collected $144,250.07, almost spot on for the total up to this point in 2015, which was more than previous years. Barry County has collected $297,739.08 for the year, only around $3,000 shy of the same time frame from 2015.
For Cassville, the other big question in sales tax revenue is the 3/8-cent transportation sales tax that is to go to repair roads in disrepair in the city. The first full year that the tax was collected was 2015, and in all, the city received $332,460.99. So far, this year $53,736.27 has been added to that amount. The city already went through a process to grade roads and determine where work needs to begin to utilize the funds coming in, which will take a long time to deal with all of the issues in the city’s streets.
