Phelps County’s sales tax receipts have been up for two months in a row now compared to the county’s deposit received in July and August of 2012.
According to County Treasurer Carol Green, who presented updated sales tax figures to county commissioners Tuesday morning, the county’s share of sales tax receipts this month was up 3.64 percent compared to August 2012.
The county’s share of sales tax was up 0.43 percent in July 2013 compared to July 2012.
Phelps County’s sales tax deposit for June 2013 was down by 12.11 percent compared to June 2012.
Sales tax receipts received by the county in May 2013 were up by 27.88 percent compared to May 2012, the most positive difference so far this year.
In April 2013, the county’s receipts from sales tax were down by 7.19 percent compared to April 2012. Sales tax receipts in March also were down by 12.86 percent compared to March of last year.
The county’s deposit in February of this year was up by 24.14 percent compared to February of 2012 and January’s deposit was down by 16.61 percent compared to January 2012, the largest negative difference so far this year.
It was noted that when comparing the months from 2012 and 2013, the reduction for TIF (tax increment financing) payments to the City of Rolla for Kohl’s had not started until May of 2012.
This year so far, county sales tax is down compared to last year by 2.87 percent, and when comparing the time frame from September 2012 to August 2013 and September 2011 to August 2012, known as a rolling 12-month change, the rate is down by 1.83 percent.