FOR IMMEDIATE RELEASE
The City of Springfield’s September sales tax check from the Missouri Department of Revenue is down 5 percent, or $233,781, compared to the amount budgeted. The sales tax check was $4,329,682 compared to the budgeted amount of $4,563,463. On a year-to-date basis, revenues are up 4 percent, or $437,593. Over the last 12 months, sales tax revenues are continuing to exceed budget by 2 percent.
The check reflects sales processed by the state in August from transactions made primarily in July. Compared to September 2017, revenues are up 4 percent, or $176,478.
"While sales tax collections were lower than our budget expectations for the month, sales tax collections continue to exceed expectations for the current year and the last 12 months,” said Finance Director David Holtmann.
The City heavily relies on sales tax revenues as its main source of revenue to fund vital services, such as police and fire operations. In Springfield, approximately 56 percent of revenue comes from sales tax and use tax.
For more information, please call David Holtmann, Finance director, at 417-864-1632, or Assistant Director of Public Information and Civic Engagement Melissa Haase at 417-864-1003 or [email protected].
View Sales Tax Chart.