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Tuesday, May 3, 2016

Positive sales tax trend continues

Tuesday, June 28, 2011

McCOOK, Nebraska -- McCook's 1-cent sales tax revenue receipts for May, which were for March sales, came in at $137,710 according to city administration.

That amount is a $14,148 increase over the prior year and $22,513 more than the budgeted amount of $115,197. Only one of the last 13 months has not come in as an increase over prior year's number and budget.

That month, which occurred in March and was a result of January sales, came in only $1,546 shy of the prior year.

Since the fiscal year began in October, the 1-cent sales tax revenue has accumulated an excess over its budgeted amount of $153,837.

The 1-cent collections are split evenly between property tax relief and infrastructure improvements. The additional half-cent sales tax revenue, which is split evenly between LB840 economic development funds and infrastructure improvements, subsequently came in at $68,855. That number is also ahead of the $61,781 of prior year and the $57,599 that was budgeted. The half-cent sales tax revenue, similarly, has exceeded its budgeted amount by an accumulated total of $84,162, since the fiscal year began.

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