Sunday, November 17, 2019

July Sales Tax Figures

Recently the City received its July sales tax report.  The July 2010 collections are 9.1% above July 2009 collections.  From the start of fiscal year (October 1, 2010) to the July numbers, tax collections are 1% above FY 2009 collections.  When preparing the projections the current budget year the City readied for a 5% reduction in sales tax revenue, so no adjustment to the budget are required. Below is a three year revenue comparison by month.