Bigger cities see drop in sales tax revenue

Wednesday, August 10, 2016

Monett general fund revenues down nearly $50,000

Larger cities in Barry County did not fare well when it comes to July sales tax revenues, as Cassville and Monett each saw significant drops compared to one year ago.

Barry County's seven cities generating sales tax received $577,355.91. Factoring out Monett's sunsetted Justice Center tax, the same taxes collected last year produced 26 percent less.

Cassville's 1-percent tax produced $83,066.58, down $36,201.97 from last July, its biggest comparative drop since December 2008, in the middle of the economic downturn. Cassville's four taxes showed a combined drop of $73,700.72.

Monett's two sales taxes that make 1 percent to cover general bills generated $172,243.91 in July, down $49,432.19, or 22 percent, from a year ago, the largest drop since May 2015 and the smallest July total since 2012. It was the third comparative drop in seven months. Four months into the new fiscal year, Monett's general fund receipts are down by almost $6,000, while 2016 totals, now over $1.1 million, are off by a little over $5,000.

Purdy's 1-percent sales tax for the general fund yielded $4,878.60, bigger than totals from 2012 and 2013 but down $9,448.18 from last year's record amount that was double the largest July sum seen to date. It was the fourth time Purdy's tax has fallen short of the 2015 mark in seven months. Starting a new fiscal year, Purdy's receipts are down by $8,917.09, or 19 percent, from last year's pace.

Smaller cities held fairly even. Exeter's 1-percent tax produced $2,045.42, a 30 percent gain. Wheaton's 1-percent tax yielded $4,882.98, a $51.12 drop but a $122.41 gain when combined with the city's other sales tax. Seligman's 1-percent tax produced $10,747.73, a gain of $168.75 when combining the city's four taxes. Washburn's 1-percent tax yielded $2,563.03 and gained $122.42 when combining all three city sales taxes.

The two Barry County half-percent sales taxes each generated nearly $189,100, both down by about $17,300. The general fund tax's 2016 sum, now over $1.176 million, has stayed ahead of last year's pace by more than $31,700.

The tax supporting Barry County's 911 service produced $141,778.95, down $7,238.88 for the month. The 2016 sum, however, is ahead of last year's pace by more than $29,000.

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