Sales tax revenues continue to rise
Cassville sets new March record, up 11 percent for year
For the 11th consecutive month, sales tax revenue to local cities and governments grew in the face of COVID-19 pandemic travel reservations.
However, the universality of rising local sales waned in the latest disbursements, as four of the seven cities showed lower receipts.
The Missouri Department of Revenue issued interest for sales tax collections in late March, as was done in late February of 2020. Interest totals were not large enough to offset declines in the March numbers, and will be added into the April totals.
The seven Barry County cities collecting sales tax received $722,928.21 in March, up 12 percent from a year ago. Exeter, Washburn and Wheaton joined Purdy in falling short of last March’s totals, leaving gains in the bigger cities to make up the difference.
Cassville’s 1 percent general fund tax took in $95,792.14, up $15,866.25, or 20 percent, from a year ago, setting a new March record. Cassville’s sum for the first quarter of 2021 hit $265,185.58, up 11 percent from the start of 2020.
Seligman’s 1 percent tax generated $10,998.51, up $3,700.17, or 50 percent, from a year ago, the largest March sum since 2015. That put Seligman’s 2021 sum at $31,566.72, up 22 percent from last year’s pace.
Washburn’s 1 percent tax provided $3,068.59 to the general fund, down $143.97 from a year ago. For the year, Washburn’s sum of $7,254.72 is down by 9 percent.
Exeter’s 1 percent tax yielded $1,505.82, down $326.28 from last March. Exeter’s 2021 total to date hit $3,965.43, up by 5 percent.
Wheaton’s erratic 1 percent tax supporting the general fund received $7,303.95, down $1,997.07, or 22 percent, from last March. The total was nearly triple the amount Wheaton’s half-cent tax received, and that tax’s sum dropped by a mere $34.51 from a year ago. Wheaton’s 2021 general fund sum of $18,584.44 was up 16 percent from a year ago.
Purdy’s 1 percent tax for paying general bills yielded $2,588.02, down $3,376.60, or less than half of what the city typically receives in March. It was the lowest March sum since 2011, when the city dropped to one tax collecting for the general fund. It was the second drop in the past four months, but one that lowered the nine-month fiscal year total to $46,821.66, the lowest point in four years.
Purdy’s general fund sum for the first quarter of 2021 is at $13,728.98, down 15 percent from last year’s pace.
Monett’s two sales taxes supporting its general fund at a rate of 1 percent generated $200,930.99, up $18,159.87, or 10 percent, from a year ago for a new March record. It was the fourth increase in six months for Monett, closing the general fund’s fiscal year at $2,183,799.66, up nearly $158,000, or almost 8 percent.
For the first quarter of 2021, Monett’s general fund has received $522,636.64, up 4 percent from the start of 2020, when receipts had barely budged from 2019 levels.
Countywide taxes followed in delivering big gains.
Barry County’s two .5 percent taxes for supporting general expenses and road maintenance each took in more than $212,669, raising both by more than $30,200, or 17 percent. Barry County’s general fund tax had received $558,953.94 to start 2021, up 5 percent from a year ago.
Barry County’s .375 percent sales tax generated $159,039.55, up $21,590.68 from last March, putting the 2021 sum at $419,111.88, up 5 percent from a year ago.