Sales Tax Revenue Greater Than Expected

Posted by Publisher on
According to Treasurer Nancy Wilson, the first 3 months' revenue (July, August. September) from the newly enacted 2 cent sales tax (last Spring) was $1,003,864; and (after collection-related state deductions) the net amount received by the city came to $990,086, with half ($450,000) being put in the city's (emergency) sales tax reserve account (by law). The other $450,000 went into the general fund. Wilson: "Thats an average of $334,621 per month; and our budget projected . . . (only) $316,000 a month . . . so we're ahead of that."

Comments

Anonymous said…
so does that mean the city will not have to take as much out of the utilities and start fixing all the old electric grids or water lines???
Wednesday, November 18, 2009
Anonymous said…
Smartest thing the council ever did!
Wednesday, November 18, 2009
mamamia said…
thank goodness wal mart's not getting a free ride anymore. paying their share now.
Thursday, November 19, 2009
Anonymous said…
the problem is people wanting more and more from government but not wanting to pay for it. hence the higher debt.
Sunday, November 22, 2009
Anonymous said…
u got that right! the people of Fairhope are like spoiled children wanting others to buy us all the goodies we want (usually our rich Uncle Sam)
Sunday, November 22, 2009
Anonymous said…
We hope they aren't intending to use up the sales tax on a new school system. They are doing a rate study that will lead to a higher electric rate or fuel adjustment charge, which can be used for the new school system as well. We need to learn to say no and live within our means.
Wednesday, November 25, 2009
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