Sales tax revenues in Manhattan broke $10 million for the year — again.
“This year’s total sales tax collections were just under last year’s record pace,” said city finance director Bernie Hayen.
“It was a good year notwithstanding those ups and downs.”
This year’s total sales tax collections were $10,484,185, just $59,558 less than 2012.
In 2012, the city broke the record for most sales taxes collected with $10,543,743 in revenues.
Sales tax revenues reported in December 2013 alone were $887,567. That was more than what was collected during the same time in 2012: $800,762, an increase of $86,804.
Hayen said that boost in revenues allowed the city to finish the year with a surplus compared to what it budgeted for in 2013.
The city budgeted for revenues of $9,702,134, but collected $9,993,193 after adjusting for the TIF bond payments for the downtown redevelopment, which comes off the top of the revenues.
In the end, the city collected $75,220 in sales tax over what was budgeted.
The sales tax revenues reported in December actually are collected in October. The delay is caused by collection and then redistribution by the state of Kansas.