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Wednesday, Apr. 16, 2014

Sales tax revenues growing

Sunday, January 30, 2005

SIKESTON - Sikeston's sales tax revenue in 2004 was average, according to local officials.

"Growth was about 3 percent," said City Clerk Carroll Couch.

A total of $2,835,710.29 was generated from the perpetual 1-cent general sales tax the city has had since 1979, according to Couch.

The city's half-cent transportation sales tax brought in $1,417,855 and the quarter-cent capital improvement sales tax raised $708,927.57.

The year was a "transitional period," Couch noted, with some taxes starting and others ending.

In February, voters approved a 1-cent general sales tax for 10 years. "It went into effect in October but we didn't get our first collection until December, and that was $196,000," Couch said.

A quarter-cent sales tax for the Sikeston Area Higher Education Center tax ended Sept. 30.

Couch said about 51 percent of the city's revenue comes from sales tax with other revenue coming from real estate and personal property tax; and from franchise fees, business licenses, permits and other miscellaneous sources.

The total for real estate and personal property tax receipt figures was actually down for 2004, but expectedly so: "It was lower because of the reduction in the property tax rate," Couch said. "The Council did a voluntary reduction of 21 percent."

Scott County Clerk Rita Milam described sales tax revenue growth in 2004 as average for the county as well.

Sales tax generated about $1.577 million in the county's general revenue fund and $1.572 million in its law enforcement fund.

The previous year's figure for general revenue was $1.511 million and $1.507 million for law enforcement.

"We just appreciate all the business in Scott County," Milam said. "Hopefully they will continue to rise."

In New Madrid County, County Clerk Clement Cravens reported the county's half-cent general revenue sales tax brought in a total of $1,405,691.56.

"That was $52,501.02 higher than 2003," Cravens said. "New Madrid County in the northern end has had several new retail businesses come in and obviously that growth is showing."

County Clerk Junior DeLay said Mississippi County saw an increase of 5.6 percent in sales tax revenue in 2004 over 2003.

In 2004, each half cent of sales tax generated $413,808 as compared with $391,775 in 2003.