News Flash

Top News

Posted on: February 11, 2019

February sales tax revenue continues upward trend

FOR IMMEDIATE RELEASE


The City of Springfield’s sales tax revenues from the Missouri Department of Revenue are up 8 percent, or about $271,000, compared to budget with the February sales tax check. The check was $3,571,433 compared to the budgeted amount of $3,300,365. On a year-to-date basis, revenues are up compared to budget 2.72 percent. On a rolling 12-month average, revenues are 2 percent above budget.

“After a below-budget December, we’re pleased to see this upward trend continue from January,” says Finance Director David Holtmann.

The check reflects sales processed by the state in January from transactions made primarily in December. Compared to February 2018, revenues are down nearly 4 percent, or $146,260, compared to February 2018’s revenue check in the amount of $3,717,693.

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.

View February 2019 sales chart

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.


Feb2019SalesTaxChart

Facebook Twitter Email

Other News in Top News

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

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

March sales tax revenues up 2.5%

Posted on: March 19, 2019