The City’s 1% General Sales Tax remained strong in December as receipts from the state were up 22.13% over the same month in 2010. This marks the 6th straight month that revenues have been up double digits vs. the previous year.
Many believe the continued increases are a direct result of the May, 2011 tornado in Joplin.
Revenues are expected to remain above normal for another 1-2 months as retailers continue to rebuild. Wal-Mart reopened its 15th and Rangeline location on November 9th. Any impact on Neosho’s retail traffic from this reopening should show up starting with January or February sales tax receipts from the State.
