Siloam Springs Herald Leader

Sales tax receipts up in February

- By Janelle Jessen Staff Writer jjessen@nwadg.com ■

Siloam Springs sales tax receipts were up $43,744 in February compared to the same month last year.

Sales tax receipts were $689,561 in February 2017, compared to $639,817 in February 2016, according to the March issue of City & Town Magazine.

County sales tax receipts were up $32,660, from $261,090 in February 2016 to $293,750 in February 2017.

The city’s sales tax receipts come from its 2 percent sales tax. The total sales tax rate in Siloam Springs is 9.5 percent.

City sales tax receipts are used for utility infrastruc­ture, repayment of wastewater treatment plant bonds, the city’s general fund, public safety and the street department.

A share of county sales tax receipts pays on two water utility infrastruc­ture bonds.

Other cities that saw an increase in city sales tax receipts were:

• Fayettevil­le, up $71,996 to $3.54 million

• Gentry, up $290 to $50,066

• Rogers, up $522,922 to $3.86 million

• Springdale, up $85,130 to $2.35 million.

Cities that saw a decrease in city sales tax receipts were:

• Bentonvill­e, down $275,810 to $2.19 million

• Eureka Springs, down $4,923 to $168,429

• Lincoln, down $551 to $38,882.

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