Sales tax receipts up for November
Siloam Springs sales tax receipts were up in November compared to the same month the previous year.
Sales tax receipts were up $18,699 to $635,532 in November, compared to $616,833 in November 2016, according to the December issue of City & Town magazine.
County sales tax receipts were down for the second month in a row. In November they were down $12,034 from $272,226 in November 2016 to $260,192 in November 2017. In October, they were down $4,432 to $257,267.
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:
• Eureka Springs, up $15,156 to $252,823
• Fayetteville, up $61,168 to $3.59 million
• Gentry, up $3,315 to $50,785
• Lincoln, up $3,646 to
$44,272
• Rogers, up $360,640 to
$3.27 million
• Springdale, up $320,561 to $2.46 million.
Cities that saw a decrease in city sales tax receipts were:
• Bentonville, down $623,138 to $1.81 million