News Flash

City of Springfield News Releases (General)

Posted on: January 18, 2019

January sales tax revenue up nearly 6% compared to budget

FOR IMMEDIATE RELEASE


The City of Springfield’s sales tax revenues from the Missouri Department of Revenue are up 5.68 percent, or about $235,600, compared to budget with the January sales tax check. The check was $4,387,170 compared to the budgeted amount of $4,151,564. On a year-to-date basis, revenues are up compared to budget just over 2 percent. On a rolling 12-month average, revenues are 2.79 percent above budget.

“We were pleased to see revenues rebound after a below-budget December,” says Finance Director David Holtmann.

The check reflects sales processed by the state in December from transactions made primarily in November. Compared to January 2017, revenues are up about 3.6 percent, or $153,697, compared to January 2017’s revenue check in the amount of $4,233,473.

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 56 percent of revenue comes from sales tax and use tax.


Download View sales tax chart as a PDF  

View all sales tax charts


###

For more information, please call David Holtmann, Finance director, at 417-864-1632, or Assistant Director of Public Information and Civic Engagement Melissa Haase at 417-864-1003 or mhaase@springfieldmo.gov.


Monthly-SalesTaxChartJAN19


Facebook Twitter Email

Other News in City of Springfield News Releases (General)

Oct. 7 City Council meeting summary

Posted on: October 7, 2019

FROM THE OFFICE OF MAYOR KEN MCCLURE

Posted on: October 1, 2019

Sept. 23 City Council meeting summary

Posted on: September 23, 2019

Sept. 9 City Council meeting summary

Posted on: September 9, 2019

Aug. 26 City Council meeting summary

Posted on: August 12, 2019

Aug. 12 City Council meeting summary

Posted on: August 12, 2019

July 29 City Council meeting summary

Posted on: July 29, 2019

July 15 City Council meeting summary

Posted on: July 15, 2019

June 17 City Council meeting summary

Posted on: June 17, 2019

Phyllis Ferguson named Mayor Pro Tem

Posted on: April 24, 2019

City budget workshops begin

Posted on: April 23, 2019

April sales tax revenues up 8.6%

Posted on: April 9, 2019

April 8 City Council meeting summary

Posted on: April 8, 2019

March 25 City Council meeting summary

Posted on: March 25, 2019

March sales tax revenues up 2.5%

Posted on: March 19, 2019

March 11 City Council meeting summary

Posted on: March 11, 2019

Feb. 25 City Council meeting summary

Posted on: February 25, 2019

Feb. 11 City Council meeting summary

Posted on: February 11, 2019

Jan. 28 City Council meeting summary

Posted on: January 28, 2019

Jan. 14 City Council meeting summary

Posted on: January 14, 2019