Sales Tax Revenue

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Sales tax revenue for June is ten percent lower than the amount budgeted by the City of Springfield.  The June one percent general sales tax check from the Missouri Department of Revenue was $437,409 less than what had been anticipated. 

That check reflects sales processed by the state in May from transactions made primarily in April.  Year to date, revenues are down four percent or $2,008,317 compared to the budget.

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The May one percent general sales tax check from the Missouri Department of Revenue is four percent less than what city officials had budgeted.  But the city’s finance director, Mary Mannix Decker, says receipts are still strong on a year-to-date basis.  According to a news release from the city, the check reflects sales processed by the state in April from transactions made primarily in March.

The May sales tax check was $2,601,272 compared to the budgeted amount of $2,702,854.