February sales tax receipts are traditionally the top month for the year. This year will likely be no exception.
Flirting with the $65,000 plateau, each of the City of Booneville’s sales taxes took in $64,998.63 last month, which was almost identical — an increase of only $34.09 — to the collection from February of last year.
February’s receipt from State Treasurer Dennis Milligan is typically the biggest of the year because of the Christmas shopping season since the taxes are those collected by vendors in December and remitted to the Department of Finance and Administration in January.
February’s collection topped $60,000 for the second straight month. The receipt is an increase of more than $4,200 from January, or a 7 percent increase.
The January and February combined total of $125,743.23 is 5.2 percent more than the first two months of 2018.
In 2018, tax collections were up 6 percent from the previous year after only a 2.6 percent increase from 2016 to 2017.
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; the street department, parks commission and animal control 5 percent each; the BDC/Chamber 4 percent and the Oak Hill Cemetery fund 2 percent.
The city collects a second one percent sales tax which is exclusively dedicated to operation of the hospital, with 75 percent given to Mercy and the remaining one-fourth reserved for construction uses.
Each of Logan County’s one-half cent jail taxes took in $102,896.68 in January, pushing the to date total collection to build the jail to more than $2.25 million and the same amount to maintain it.
The jail is expected to be open on Lowder Street in Paris sometime in the spring.