Mt. Vernon Register-News


March 27, 2014

Sales tax receipts down

MT. VERNON — City tax receipts are down from last year, with the exception of the state income, coming in 3.4 percent higher than last year.

City Finance Director Merle Hollman presented the tax information to the city council as part of the third quarter budget review.

According to information on the 1 percent sales tax, collections for December were down 2.1 percent from the previous year, coming in at $516,248. In 2012, the receipts were at $527,102.34.

For this fiscal year, total 1 percent sales tax receipts are at $3.96 million, down only .3 percent from last year at this time.

The 1 percent Home Rule sales tax is at 1.9 percent less for the fiscal year that the same time frame a year ago. For December, receipts were down 4.4 percent from December 2012, coming in at $359,300.40 compared to $376,032.51 in December 2012.

The half-percent Home Rule sales tax, restricted for quality of life/economic development is also down from the previous December, coming in at $179,650.19 compared to $188,016.26 last December.

The 2 cent diesel fuel tax, while up for December by .6 percent, is at a 9.7 percent decrease year-to-date from last year. In December, $49,307.61 was

collected, compared with $49,033.03 collected last December. So far this fiscal year, the city has collected $402,705.30 from the tax, compared to collections of $445,969.78 for the same time period a year ago.

The 1 percent food and beverage tax is down slightly for December and for the year-to-date totals, coming in at $47,699.12 for December, .9 percent less than a year ago when receipts were at $48,132.94. For the fiscal year, the food and beverage tax receipts are down 1.1 percent from from last year, coming in at $478,295.57 compared to $483,635.39 for the same time period during the last fiscal year.

The bright spot on the receipts is in the State Income Tax, which is 3.4 percent higher than receipts for the same time frame last year. In December, the receipts were up 4.7 percent from last year at $85,079.83 compared to December 2012 when the city received $81,268.69. Year-to-date totals are at $1.07 million for this fiscal year compared to $1.04 million last year.

Text Only

Local Photo