FOR IMMEDIATE RELEASE
The City of Springfield's January 2017 1% general sales tax check from the Missouri Department of Revenue is up 5% compared to the amount budgeted. The check reflects sales processed by the state in December from transactions made primarily in November.
The sales tax check was $4,032,526, compared to the budgeted amount of $3,826,393.
When comparing to the same month last year, January receipts are up $88,654, or 2%, over January of 2016.
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 David Holtmann, interim Finance director, at 417-864-1399, or Cora Scott at 417-864-1009 or 417-380-3352.