Friday, September 2, 2016

Springfield sales tax revenue up three percent this month

(From the City of Springfield)

The City of Springfield's September 2016 1% general sales tax check from the Missouri Department of Revenue is up 3%, or $156,197, compared to the amount budgeted. The check reflects sales processed by the state in August from transactions made primarily in July.

The sales tax check was $4,818,520, compared to the budgeted amount of $4,662,323.

When comparing to the same month last year, September receipts were up $188,295, or 4% over September of 2015.

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

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