With two-thirds of the remittances for 2016 complete, Booneville’s one percent sales tax is on a pace to well exceed the $600,000 mark for the first time in years.
At it’s current pace — the tax has taken in $417,820.65 in eight months — the yearly total would surpass $626,000. That’s more than $100,000 ahead of the collections from 2012 and 2013. The 2016 collection is up more than 9 percent from 2015.
In August the city collected $53,553.21 for taxes on goods and services in the city limits. Because those collections are made by businesses in June and remitted to the state in July, the figures are prior to the approval of a sales tax to build and maintain a new jail in Logan County.
The August collection is almost $2,000 more than was collected in July, about 3.9 percent. It is also a little more than $3,900, or 7.9 percent above August 2015 collections.
In 2015 tax collections were $584,924.30, which was more than $54,000 up, or an increase of 10.2 percent over 2014.
The sales tax was renewed for a fifth five-year term last year, but with an updated distribution formula, which took effect with the October collections. The tax is now distributed as follows.
• Street Department, 5 percent
• Police Department, 22 percent
• Fire Department, 10 percent
• Area Agency/Senior Center, 10 percent
• Airport, 7 percent
• Parks, 5 percent
• City Improvements, 30 percent
• Animal Control, 5 percent
• Cemetery, 2 percent
• BDC/Chamber, 4 percent
A second one percent tax collected in the city is dedicated to the operation of Booneville Community Hospital. Proceeds of that tax, which is perpetual, are turned over to Mercy Hospital, which assumed operation of the hospital on Jan. 1, 2014.