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2016 City News Releases

Posted on: March 7, 2016

March sales tax revenue up 24% compared to budget

FOR IMMEDIATE RELEASE The City of Springfield's March 2016 1% general sales tax check from the Missouri Department of Revenue is up 24%, or $942,338, compared to the amount budgeted. The check reflects sales processed by the state in February from transactions made primarily in January. The sales tax check was $4,839,775, compared to the budgeted amount of $3,897,437. “We are happy to see strong revenues for March, but fluctuations in sales tax revenues from month to month are very normal. We determine our monthly budget by looking at the same month over a 10-year time span and also in the perspective of year-to-date figures,” explains Director of Finance Mary Mannix Decker. While this increase may be somewhat attributed to an increase in economic activity, numbers are also affected by the timing of collections. That said, Mannix Decker indicated that car sales are up in the first quarter of 2016. When comparing to the same month last year, March receipts were up $4,326,688, or 11.86% over March of 2015. On a year-to-date basis, revenues are up 6% over budget, or $1,927,676. 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. ### For more information, please call Mary Mannix Decker, Finance Director, at 417-864-1399 or Cora Scott at 417-864-1009 or 417-380-3352.

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Other News in 2016 City News Releases

Jan. 11 City Council meeting summary

Posted on: January 11, 2016

Zone 2 Councilman Justin Burnett resigns

Posted on: January 14, 2016

Jan. 25 City Council meeting summary

Posted on: January 25, 2016

Feb. 8 City Council meeting summary

Posted on: February 8, 2016

City solicits bids for properties

Posted on: February 10, 2016

City employee dies in accident at landfill

Posted on: February 10, 2016

Feb. 22 City Council meeting summary

Posted on: February 22, 2016

March 7 City Council meeting summary

Posted on: March 7, 2016

March 21 City Council meeting summary

Posted on: March 21, 2016

April 4 City Council meeting summary

Posted on: April 4, 2016

April 18 City Council meeting summary

Posted on: April 18, 2016

June 13 City Council meeting summary

Posted on: June 13, 2016

June 27 City Council meeting summary

Posted on: June 27, 2016

July 11 City Council meeting summary

Posted on: July 11, 2016

July 25 City Council meeting summary

Posted on: July 25, 2016

Aug. 8 City Council meeting summary

Posted on: August 8, 2016

Sept. 6 City Council meeting summary

Posted on: September 6, 2016

Zone 2 Council seat open

Posted on: August 25, 2016
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Sept. 19 City Council meeting summary

Posted on: September 19, 2016
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Oct. 3 City Council meeting summary

Posted on: October 3, 2016
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October sales tax revenues on target

Posted on: October 11, 2016
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Oct. 17 City Council meeting summary

Posted on: October 17, 2016
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Oct. 31 City Council meeting summary

Posted on: October 31, 2016
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Nov. 14 City Council meeting summary

Posted on: November 14, 2016
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Nov. 28 City Council meeting summary

Posted on: November 28, 2016
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Dec. 12 City Council meeting summary

Posted on: December 12, 2016