The City of Booneville’s one percent sales tax collection for 2018 remains more than 7 percent ahead of 2017 collections.
August receipts from State Treasurer Dennis Milligan’s office were for $57,444.97, and although that is a dip of a little more than $2,000, or 3.7 percent, over the July receipts, the eight month total of $455,188.35 is still more than $30,000, or 7.2 percent, better than the first eight months of 2017.
Compared to the first eight months three years ago, when a new Walmart Supercenter opened, collection are up more than $72,000 over the first eight months. Looking back five years, collections are up more than $107,000.
Should the tax maintain a 7 percent increase for the remainder of the year, the intake would near $685,000.
Compared to August of last year, the collection is up by almost $2,500, or 4.5 percent higher.
The August remission is reflective of taxes that were collected in June and remitted to the Department of Finance and Administration in July then sent to the collecting entities by Milligan’s office last week.
Booneville’s sales tax was renewed for a fifth five-year term in 2015. A city improvement account receives 30 percent of the collections and the police department another 22 percent. The fire department and Area Agency/Senior Center get 10 percent each; the airport 7 percent; street department, parks commission and animal control 5 percent each; the BDC/Chamber 4 percent and the Oak Hill Cemetery fund 2 percent.