The City of Springfield's October 2016 1% general sales tax check from the Missouri Department of Revenue is on target compared to the amount budgeted. The check reflects sales processed by the state in September from transactions made primarily in August.
The sales tax check was $3,797,987, compared to the budgeted amount of $3,806,013.
When comparing to the same month last year, October receipts were up $40,069, or 1% over October 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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