Sales tax collections fell below $40,000 in Booneville for the first time in a year but it wasn’t totally unexpected, and the news is not all bad for the main city-specific economic indicator.
Booneville has received $38,798.65 for the one percent sales taxes but because the March returns are those collected in January, the drop of about $5,900 from the December collections returned in February is not surprising — Logan County also experienced a drop of almost $5,600 from February to March.
The last sub-$40,000 month was in March of 2012 when $38,233.89 was generated by the tax. The increase between the years is 1.5 percent.
Year to date collections show the tax is relatively flat for the first quarter of 2013, taking in $125,433.68 or 0.7 percent more than the first three months of 2012.
In 2012 the tax took in $517,649.14.
The one percent tax is distributed to 10 city entities through a formula approved by city voters when the tax was renewed for a fourth five-year term in 2010.
Through that distribution 24 percent goes into a city improvement account; 20 percent to the street department, 12 percent to the police department, 10 percent each to the fire department and parks commission, 8 percent to the Area Agency on Aging/Booneville Sr. Citizens Center, 7 percent to the airport commission, 4 percent to the Booneville Development Corporation/South Logan County Chamber of Commerce, 3 percent to Oak Hill Cemetery and 2 percent to the Booneville Library.
Booneville collects a second one percent tax that is dedicated to Booneville Community Hospital. However, as stipulated in the ballot initiative, one quarter of the tax is withheld for construction projects so the hospital’s operational share of its February tax was $33,493.52.