Because the February’s sales tax receipts from Treasurer of the State Dennis Milligan are those collected in the Christmas month and remitted to in January, the collections are typically one of the best months of the year.
At $59,839.02, this year Booneville’s one percent sales tax collections were at the highest amount since the Easter Sunday Cargill fire in 2008 and, Mayor Jerry Wilkins thinks, the second highest ever.
“I’m very pleased,” Wilkins said Thursday after the City Clerk Gayleene West received an email with the total. I think we got to 60 (thousand dollars) once.”
Wilkins also vividly remembers the low point.
“If there ever was any town that had a chance to fold up it was us. After all the incentives the tax got down to 38 (thousand dollars),” he said.
In March of both 2012 and 2013 – March is typically one of the lowest collection months of the year – collections were below $39,000.
There is also a tell-tale sign coming in March when collections will have been made in January, when a new one percent tax for a Logan County jail began to be collected.
February collections were up almost $2,000 over February of 2016, or 3.5 percent. Compared to January, the collection was up by more than $6,400 or 12 percent.
For the first two months of the year collections are also up almost $6,500 or 6.1 percent.
Collections for 2016, when the tax took in more than $624,000 were up 6.7 percent over 2015 when collections of almost $585,000 were up 10.2 percent over 2014.
The biggest difference for the 2015 numbers and since has been the opening of a Walmart Supercenter, after which the company’s former home became home to a Tractor Supply Company and a Dollar Tree.
Booneville’s sales tax was renewed for a fifth five-year term in 2015 with the following funding formula.
• Street Department, 5 percent;
• Police Department, 22 percent;
• Fire Department, 10 percent;
• Area Agency/Senior Center;
• Airport, 7 percent;
• Parks, 5 percent;
• City Improvements, 30 percent;
• Animal Control, 5 percent;
• Cemetery, 2 percent; and
• BDC/Chamber, 4 percent.
A second one percent perpetual tax collected in the city is dedicated to the operation of Booneville Community Hospital and is remitted to Mercy Hospital, which assumed operation of the hospital on Jan. 1, 2014.