General fund sales tax revenues received by the city in May are up compared to May of last year by 14.8%. Revenues this month totaled just over $144K. That’s compared to just under $126K in May of 2010. This month’s increase puts the city’s fiscal year earnings up 0.62% vs last year.
Total general fund sales tax receipts for this fiscal year are now at $1.288 million.
The city’s general fund sales tax rate is 1%. The city’s fiscal year starts October 1.
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