Barry County sales taxes produce big revenue jump in July
Cassville more than $12,000 ahead of July 2016 receipts
Sales tax receipts in July, following the big quarterly payout in June, tend toward unimpressive totals.
However, this July brought big numbers to nearly all Barry County cities, as only one saw negative returns, and even that was marginal.
The seven Barry County cities collecting sales tax received $734,479.93, up 25 percent from a year ago.
Cassville’s 1 percent tax for its general fund generated $95,341.10, up $12,274.52. Seligman’s 1 percent sales tax received $13,139.57, topping $13,000 for the first time since February 2016 and besting last July by $2,391.84. Holding fairly even with last year were Wheaton, whose 1 percent tax generated $5,624.80, up $741.83; and Exeter with $2,273.24, up $227.82. Washburn, the only city showing a comparative drop for the month, received $2,463.30 for its general fund, down $99.73.
Monett showed an impressive 31 percent jump in receipts. The two sales taxes supporting the general fund at 1 percent produced $226,109.23, up $53,865.32, almost completely erasing the $55,759.31 in red ink accumulated in May and June.
It was the biggest July disbursement on record and pushed the fiscal year sum to a new four-month record at $702,562, nearly $50,000 higher than the old record in 2015. The 2017 sum of $1,193,321.50 is more than $80,000, or 7 percent of last year’s tally.
Purdy’s 1 percent tax supporting the general fund yielded $7,683.03, up $2,804.42 or 57 percent over last July. It was the second highest sum for the month since 2010 when the city dropped to only one tax for the general fund, but only 53 percent of the unprecedented record payment in July 2015. It was, nonetheless, a positive start for Purdy’s new fiscal year, putting the 2017 tally of $38,144.75 at $727.93 ahead of last year’s pace.
Barry County’s separate sales tax supporting 911 generated $167,441.78 in July, up $25,662.83 from a year ago. The tax in 2017 has produced $920,253.57, up by nearly $36,000 from last year’s pace.
Toward the end of the month sales tax recipients began receiving surprise checks from the Department of Revenue. Each had a payment of semi-annual interest, not included in the amounts reported above. It was the first interest payments issued since 2009. A spokesperson for the Department of Revenue said it was the first time in eight years that interest exceeded bank fees, thus leaving funds for distribution.
Overall, the interest payments weren’t large, but were welcomed.