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FOR IMMEDIATE RELEASE
The City of Springfield’s sales tax revenues from the Missouri Department of Revenue are up 8 percent, or about $271,000, compared to budget with the February sales tax check. The check was $3,571,433 compared to the budgeted amount of $3,300,365. On a year-to-date basis, revenues are up compared to budget 2.72 percent. On a rolling 12-month average, revenues are 2 percent above budget.
“After a below-budget December, we’re pleased to see this upward trend continue from January,” says Finance Director David Holtmann.
The check reflects sales processed by the state in January from transactions made primarily in December. Compared to February 2018, revenues are down nearly 4 percent, or $146,260, compared to February 2018’s revenue check in the amount of $3,717,693.
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.
View February 2019 sales chart
View all sales tax charts
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].