August 5, 2011

August Sales Tax Up – Joplin Tornado Likely Cause

The 1% sales tax deposits received this week from the state were up 19.25% over the same time last year.  Monthly receipts were $151,415.55 (vs. 126,970.44 in 2010.)  The major increase is likely due in part to the May tornado in Joplin as retail sales were pushed to outlying areas not impacted by the storm.

For the year, the 1% sales tax is 3.28% ahead of last year at $1,871,794.74.

One month remains for sales tax collections in this fiscal year which ends Sept. 30.

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