Springfield Tax Revenue Running Ahead of Budget

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SPRINGFIELD, Mo.– The City of Springfield announced Thursday that the city’s June 1% sales tax is up from the budgeted monthly amount.

The City said June 2016 1% general sales tax check from the Missouri Department of Revenue is up 11%, or $44,782, compared to the amount budgeted.

That check reflects sales in the state in March made in April transactions.

The sales tax check was $4,591,729, compared to the budgeted amount of $4,146,947.

When comparing to the same month last year, May receipts were up $511,300, or 13% over May of 2015. On a year-to-date basis, revenues are up 5% over budget, or $1,925,625.

In Springfield, approximately 60% of revenue in the General Fund comes from sales tax and use tax.

(edited press release)

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