FOR IMMEDIATE RELEASE
The City of Springfield’s March sales tax revenues from the Missouri Department of Revenue are up 2.47 percent, or $104,927, compared to March 2018. The check was $4,358,613, compared to the March 2018 revenue check in the amount of $4,253,685.
On a year-to-date basis, sales tax revenues are up 2.73 percent, or about $938,000, compared with the same time frame in 2018.
Going forward, these monthly sales tax revenue reports will compare each month’s actual revenues to the actual revenues from the previous year.
The check reflects sales processed by the state in February from transactions made primarily in January.
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 March 2019 Sales Tax Chart
View all sales tax charts
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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].