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City’s sales-tax revenue down in August

By The Mercury

City sales-tax revenues dipped during August compared to the same month in 2010, according to figures released Friday.

The city finance office reported receiving $768,817 in revenues during August, $25,948 less than during August of 2010. Because of delays in processing receipts, August figures represent purchasing activity during June.

When redevelopment set asides are removed, the net take to the city was $728,920.

August was only the second month of 2011 when receipts declined from the previous year; the first was in March. Bernie Hayen, the city’s director of finance, noted the decline, though observing that retail sales across the community remain strong. Hayen attributed part of this decline to a partial month’s collection of sales taxes from Wal-Mart. “I anticipate that they will be credited to the city in the September report,” he said.

Hayen said most of the city’s big box stores were down a little from a year ago with the exception of Manhattan Town Center stores, which were collectively up about 3 percent compared to the same period in 2010.

For the year, the city’s collections are about 5.7 percent ahead of the same time period for 2010.

The August total was, however, less than the city had forecast receiving during the month, and also represented the fourth month of 2011 when the adjusted total failed to reach the budgeted projection. For the year to date, sales tax revenues are running a little more than $8,000 behind the city’s budgeted expectations.

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