Top News

Posted on: February 6, 2017

February sales tax revenues down 4% compared to budget

cashmoney.jpg

FOR IMMEDIATE RELEASE 


The City of Springfield's February 2017 1% general sales tax check from the Missouri Department of Revenue is down 4% compared to the amount budgeted. The check reflects sales processed by the state in January from transactions made primarily in December 2016.

 

The sales tax check was $3,096,088, compared to the budgeted amount of $3,219,325

 

When comparing to the same month last year, February receipts are up $159,232, or 5%, over receipts from February 2016. On a year-to-date basis, receipts are down 3%, or $933,728.  

 

The City heavily relies on sales tax revenues as its main source of revenue to fund vital services, such as police and fire operations. In Springfield, approximately 60% of revenue in the General Fund comes from sales tax and use tax.


 ### 


For more information, please call David Holtmann, Finance director, at 417-864-1632, or Cora Scott at 417-864-1009 or 417-380-3352.


View Sales Tax Chart.
Facebook Twitter Google Plus Email

Other News in Top News

CouncilSummary.jpg

Feb. 21 City Council meeting summary

Posted on: February 21, 2017
UCR2016-1.jpg

SPD releases 2016 Uniform Crime Report

Posted on: January 24, 2017
right-turn.jpg

Thankful for a City of Action

Posted on: December 30, 2016