June 7, 2010

Sales Tax Revenues Still Sluggish

Sales tax revenues for the city of Neosho continue to drop as weak sales impact the local economy.  For the first 7 months of the year, sales tax revenues are down over 5% compared to last year and almost 9% compared to 2008.  Sales tax numbers have not been this low since 2004. 

Currently, the city collects all of its general revenue funding from a 1% sales tax. 

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