Sale-taxes revenues up sharply

By The Mercury

City sales-tax revenues increased significant during March compared to the previous year, according to data released Thursday.

Officials said the city received $892,087 in sales tax revenue during March, up from $836,260 — about 6.6 percent — a year ago.

It represented the third consecutive month this year when revenues increased from the same month in 2011. Year-to-date sales tax revenues are @2.785 million through March, about 9.2 percent above the same period for 2011.

Due to the normal two-month lag period between the time purchases are made and the time when sales tax revenues are distributed, March figures represent purchases made here during January.

When redistributions for the city’s redevelopment TIF area are deducted, the general coffers will realize about $821,000 in actual revenues, compared to about $779,000 a year ago.

As high s it was, the March figure was actually a small amount below the city’s budgeted projections, which were $825,000 after deduction of the redistribution. Even so, the city remains about $230,000 ahead of its budgeted projections for the year as a whole.

“We are pleased that local retail sales continue to maintain a strong showing during 2012,” said finance director Bernie Hayen. He said automobile sales saw the largest increase in March compared to a year ago with other retailers increasing sales slightly or maintaining sales compared to 2011. The increase in automobile sales may suggest a linkage to the return late last year of troops from Afghanistan to Fort Riley, although Hayen did not specifically make that connection.

Terms of Service | Privacy Policy | The Manhattan Mercury, 318 North 5th Street, Manhattan, Kansas, 66502 | Copyright 2017