For Immediate Release
March Sales Tax Up Over 38 Percent
The City of Springfield's March 2012 one-percent sales tax check from the Missouri Department of Revenue is up 38.16 percent compared to March 2011. Revenue collected totaled $3,593,694 compared to $2,601,157 in March 2011.
The 38 percent increase is "artificially high" relative to last March's check. Year-to-date, sales tax revenue for Fiscal Year 2011/12 is 9.91 percent above the previous year. Year-to-date collections total $29,325,835 compared to $26,682,286 last year — a difference of $2,643,549.
The amount of time the State of Missouri has to process sales tax returns received from businesses varies each month and impacts the monthly comparison.
For more information, contact: Finance Director Mary Mannix Decker, (417) 864-1625.