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County sees increase in sales tax revenue

 

By MARK HICKS • The Leaf-Chronicle • March 12, 2009

January's sales tax revenue was up more than $370,000 compared to the same month last year.

The increase reflects a trend of four consecutive months where sales tax collections were more than the same month of the previous year.

The county trustee's office reported Tuesday that just less than $3.53 million was collected in January. March numbers released this week by state officials reflect two months prior.

In January 2008, sales tax revenues were just less than $3.16 million.

Officials have said the upturn, which began in October, was caused by troops returning to Fort Campbell and the holiday shopping season.

For December, a total of $4.8 million local sales tax was collected in 2007 and $4.98 million last year.

A total of about $3.78 million was collected in November 2007 and $3.91 million in 2008.

The sales tax revenue numbers were very close for October, with $3.479 million collected last year and $3.476 million for 2007.

September of 2007 had $3.9 million in sales tax collected and in 2008 the amount was $ 3.61 million.

All sales tax collected from purchases in the city and county is sent to the state. The portion from the local option sales tax — 2.5 percent — is returned to Montgomery County, where it is distributed to the city and the school system.

2007-2008 CLARKSVILLE-MONTGOMERY COUNTY SALES TAX DISTRIBUTION

City School Operations School Debt Total

July $943,248 $2.66M $247,058 $3.85M

August $988,815 $2.79M $259,990 $4.04M

September $899,581 $2.55M $237,929 $3.96M

October $935,809 $2.63M $244,327 $3.81M

November $951,400 $2.69M $250,703 $3.90M

December $850,149 $2.40M $223,115 $3.47M

January $932,359 $2.60M $241,877 $3.78M

February $1.17M $3.31M $307,461 $4.79M

March $774,421 $2.18M $202,496 $3.15M

April $816,539 $2.31M $215,519 $3.35M

May $934,920 $2.63M $244,568 $3.81M

June $867,462 $2.44M $2.44M $5.76M

TOTALS $11.06M $31.26M $5.12M $47.45M

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