Phelps County’s sales tax receipts for this month were the highest they have been in the last five years, according to the most recent sales tax figures from the county treasurer’s office.
The county collected a total of $280,624.87 in sales tax in September 2013. The last time the county’s deposit was that much was in September 2008, when receipts for that month totaled $281,704.73.
The county came close to breaking that in June 2012, when that month’s deposit to the county was $279,819.08.
County sales tax receipts often fluctuate each month depending on when businesses are required to report their sales tax figures. Some report their sales taxes monthly, and others report them on a quarterly basis.
September also marks the third month in a row that county sales tax receipts were up compared to the months of September, August and July in 2012.
The September 2013 receipts show a 12.1 percent increase over the September 2012 deposit of $250,341.84.
The county’s share of sales tax receipts of August 2013 was up 3.64 percent compared to August 2012.
The county’s share of sales tax also was up 0.43 percent in July 2013 compared to July 2012.
With September figures in, this year so far, county sales tax is down compared to last year by 0.86 percent, and when comparing the time frame from October 2012 to September 2013 and October 2011 to September 2012, known as a rolling 12-month change, the rate is down by 1.06 percent.
Here’s a look at how the county’s sales tax deposit changed by month from 2012 to 2013 for the first half of this year:
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.