Sales tax receipts dive in October

Wednesday, October 31, 2018

10 percent drop follows months of gains

After two consecutive months of gains in sales tax revenue compared to a year ago, a predictable slacking of momentum finally arrived in October, sending receipts down by 10 percent overall but leaving four municipal recipients showing gains.

Barry County's two .5 percent sales taxes each produced more than $166,557, each down by more than $11,900. Each of those two taxes has yielded around $1,820,000 in 2018, up by more than $60,000 over a year ago.

The separate sales tax paying for Barry County's 911 service produced $124,996.47 in October, down $8,850.93 from a year ago. The 2018 sum of $1,361,633.83 is up from last year by nearly $43,000 or 3 percent.

The seven Barry County cities receiving sales tax collected $541,761.87. The same taxes collected a year ago generated 10 percent less, with all the gains seen in Cassville, Seligman, Exeter and Purdy.

Cassville's 1 percent sales tax for general bills generated $73,408.86 for the month, up $1,642.41 from a year ago.

Seligman's 1 percent tax produced $9,324.86, up $2,254.41, almost making up the red ink in September.

Exeter nearly doubled its meager disbursement a year ago in receiving $1,787.45, up $817.33.

Washburn's 1 percent tax received $1,889.47, down only $133.27 from last October. Wheaton was even closer, yielding $3,407.60 from its 1 percent tax, down only $10.83 from a year ago.

Wheaton's half-cent tax received 30 percent less than a year ago, showing the city's two taxes continue to generate revenue in unpredictable levels.

Monett, which has shown a “boom or bust” pattern for the previous six months, had the lowest October showing in five years, receiving $146,186.16 from its two sales taxes totaling 1 percent for the general fund. It was a $33,274.05 drop, or 19 percent, from a year ago.

Seven months into the current fiscal year, general fund revenues of $1,187,773.24 are more than $12,000 better than last year. The 10-month calendar year sum is down by more than $140,000.

Monett's downturn was mirrored at Pierce City but not the other two nearest towns.

In contrast, Purdy had its best October showing since 2013. The city's 1 percent sales tax produced $5,719.57 for the general fund, up $653.87 from a year ago. Purdy's four-month fiscal year tally hit $25,027.25, nearly $2,300 ahead of last year. For 2018, Purdy's receipts are practically even with last year, ahead by $361.79.

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