If the $640,000 question was how much did the City of Booneville take in because of its one percent sales and use tax, the answer is found within the question.
With December receipts of $53,175.61, the city’s sales and use tax pushed the yearly total to $640,402.13. That’s a little more than $16,000, about 2.6 percent, more than the tax garnered the city in 2016.
The December take was actually down slightly, about $300, from November, but the receipts for December — which were collected in October and remitted to the Department of Finance and Administration in November — were up over $3,300 or about 6.7 percent, from December of 2016.
December also extends to eight the number of months the tax took in at least $50,000 and it is the 10th time of the year.
The increase in receipts also marks the fourth straight year collections have climbed since the 2013 collections dipped by less than 1 percent from 2012.
Combined through those four years the total is up 24.6 percent with the largest difference occurring when receipts climbed $54,000 followed by another $40,000 jump the first two years a Walmart Supercenter was in operation here.
Booneville’s sales tax was renewed for a fifth five-year term in 2015 with the following funding formula, resulting in the annual estimated percentage of the tax received.
• Street Department, 5 percent ($32,020.11);
• Police Department, 22 percent ($140,888.47);
• Fire Department, 10 percent ($6,440.21);
• Area Agency/Senior Center, 10 percent($6,440.21);
• Airport, 7 percent ($44,828.15);
• Parks, 5 percent ($32,020.11);
• City Improvements, 30 percent ($192,120.64);
• Animal Control, 5 percent ($32,020.11);
• Cemetery, 2 percent ($12,808.04); and
• BDC/Chamber, 4 percent ($25,616.09).
A second one percent perpetual tax collected in the city is dedicated to the operation of Booneville Community Hospital and, less 25 percent reserved for building purposes, is remitted to Mercy Hospital, which assumed operation of the hospital on Jan. 1, 2014.