After Phelps County’s share of sales tax last month reached the highest amount it had in five years, the county’s sales tax receipts for October were down.
According to the most recent sales tax figures from the county treasurer’s office, the county’s share of sales tax for this month is $200,384.30.
The county’s deposit in September was $280,624.87.
The last time the county’s deposit was that much was in September 2008, when receipts for that month totaled $281,704.73.
This month’s share is also down when comparing it to October 2012 receipts.
The October 2013 receipts show a 6.1 percent decrease over the October 2012 deposit of $213,405.01.
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.
The county’s share of sales tax in September 2013 was a 12.1 percent increase over the September 2012 deposit of $250,341.84.
With October’s figures reported, this year so far, county sales tax is down compared to last year by 1.4 percent.
When comparing the time frame from November 2012 to October 2013 and November 2011 to October 2012, known as a rolling 12-month change, the rate is down by 1.31 percent.
Here’s a look at how the county’s sales tax deposit changed by month from 2012 to 2013 for the first eight months this year:
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.
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 2013 was up by 24.14 percent compared to February 2012 and January’s deposit was down by 16.61 percent compared to January 2012, the largest negative difference so far this year.
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.