Sales tax revenue
takes a sharp downturn
May 13, 2015
Charlea Mills
The sales tax received for April’s sales throughout the county showed a sharp decline comparatively to the beginning months of 2015.
Barry County’s sales tax took a 33.74 percent decline for the month when compared to the same month from 2014. The hit took the year’s total sales tax revenue down to only 1.89 percent above last year’s figures. Months prior to May’s sales showed large gains in January and March with small declines in February and April. The tax revenue received for the county in early May was $118,500.18 for the ½-cent tax.
For the year, Barry County is up by $13,677.72 for 2015 thus far for the ½-cent General Revenue tax. The sales tax is still up by $12,987.74 for the additional 1/8-cent General Revenue sales tax collected since October 2013.
To some extent, the measure of comparing the year to 2014 may be immeasurable since 2014 was a banner year for sales tax revenue for at least the five years prior. The significant increase in revenue for 2014 was exceptional when compared to data as far back as 2009.
For the city of Cassville, the decrease in revenue was also apparent but not to the same extreme as for the county. Cassville’s revenue dipped 7.4 percent from 2014 for the month. Even with the decline, the city is still up 3.9 percent for the year when compared to last year.
Income generated by the 1-cent General Revenue sales tax for Cassville was $66,469.82. The decrease from 2014’s totals was $5,731.56 for the month. However, the city is still up $12,913.11 for the year thus far for their 1-cent tax. Revenue generated by the new 3/8–cent for the month $24,801.41, not significantly different from each month since January.
Charlea Mills
The sales tax received for April’s sales throughout the county showed a sharp decline comparatively to the beginning months of 2015.
Barry County’s sales tax took a 33.74 percent decline for the month when compared to the same month from 2014. The hit took the year’s total sales tax revenue down to only 1.89 percent above last year’s figures. Months prior to May’s sales showed large gains in January and March with small declines in February and April. The tax revenue received for the county in early May was $118,500.18 for the ½-cent tax.
For the year, Barry County is up by $13,677.72 for 2015 thus far for the ½-cent General Revenue tax. The sales tax is still up by $12,987.74 for the additional 1/8-cent General Revenue sales tax collected since October 2013.
To some extent, the measure of comparing the year to 2014 may be immeasurable since 2014 was a banner year for sales tax revenue for at least the five years prior. The significant increase in revenue for 2014 was exceptional when compared to data as far back as 2009.
For the city of Cassville, the decrease in revenue was also apparent but not to the same extreme as for the county. Cassville’s revenue dipped 7.4 percent from 2014 for the month. Even with the decline, the city is still up 3.9 percent for the year when compared to last year.
Income generated by the 1-cent General Revenue sales tax for Cassville was $66,469.82. The decrease from 2014’s totals was $5,731.56 for the month. However, the city is still up $12,913.11 for the year thus far for their 1-cent tax. Revenue generated by the new 3/8–cent for the month $24,801.41, not significantly different from each month since January.