Sales tax sees surge in revenues

Wednesday, June 25, 2014

Audit of sales tax payers credited with big one-time gains

An audit of businesses paying sales tax by the Missouri Department of Revenue has prompted a surge in revenues for local cities and counties.

Barry County receipts rose 46 percent, approaching the last major rebound of 52 percent in March 2012.

Cassville's 1-percent sales tax for general expenses generated $72,201.38 for May, a new record at $15,670.12, up 28 percent from a year ago. The sum topped the old May record from 2009 by $11,000. Prior to 2008, receipts never topped $20,000.

Cassville's 2014 general fund total of $335,283.08 is running $16,000, or 5 percent ahead of last year's pace.

Purdy's 1-percent tax for general expenses generated $4,982.09, up 57 percent from a year ago and topping the record from 2009 by nearly $200. The payment boosted the 11-month total to $600 over last year's pace and within $4,000 of the record in 2012.

Purdy's 2014 general fund total has surpassed the 2013 sum by over $300.

Wheaton's 1-percent tax for the general fund produced $6,801.72, triple last May's total. The May record is $10,066.11 from 2011. Wheaton's 1-percent tax has yielded $33,518.33 in 2014, up $8,000 or almost 32 percent from a year ago.

Washburn's 1-percent tax funding general expenses received $1,422.42, up 52 percent from a year ago. Exeter's $1,218.20 from its 1-percent tax for the general fund reflected a 69 percent increase.

The only city failing to gain over a year ago was Seligman, where city officials have seen a 20 percent drop in sales tax since Benton County, Ark., authorized the sale of liquor. Seligman's general fund 1-percent tax generated $4,382.77, down $694.23 or 14 percent from a year ago. The general fund total of 2014 of $29,856.39 stands at 10 percent below last year's pace.

Total sales tax coming into the Barry and Lawrence county area, not counting Barry County 911, for May totaled $1,430,185.02. The same taxes collected a year ago brought in 43 percent more in 2014.

The seven Barry County cities generating sales tax revenue received $464,548.59, up 46 percent when compared with the same taxes collected a year ago.

Barry County's 1-percent county-wide taxes for general bills and road maintenance each generated more than $154,647, gains of 44 percent over a year ago. The tally topped the old May record from 2010 by almost $500. The new 1/8-percent general fund tax produced $37,751.97 and $174,468.92 so far this year. The old 1-percent tax has yielded $723,510.57 in five months, nearly $80,000 or 12 percent ahead of last year.

The sales taxes funding Barry County's 911 system generated $114,526.42 in May, bringing the 2014 total of $536,322.05 to nearly 10 percent more than a year ago.

Monett's two sales taxes for general expenses generated $166,840.59, up 61 percent from a year ago. The total topped the record sum from May 2011 by nearly $30,000, sending the city to its best two-month start for a new fiscal year, $3,000 better than 2011.

Monett's general fund taxes in 2014 have produced $721,427.82, up 7 percent from last year's pace and close to the $760,074 record in 2008 before the economic downturn.

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