Siloam Springs Herald Leader

City sales tax receipts up again in January

- By Janelle Jessen Staff Writer jjessen@nwadg.com

Siloam Springs sales tax receipts were up for the fourth month in a row in January.

Sales tax receipts were up $4,667 from $619,626 in January of 2017 to $624,293 in January of 2018, according to the February issue of

City & Town magazine. County sales tax receipts were up $197,675 from $251,732 in January of 2017 to $449,406 in January of 2018, the magazine states.

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 $1,738 to $197,863

• Fayettevil­le, up $102,178 to $3.56 million

• Rogers, up $29,657 to $3.05 million

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

• Bentonvill­e, down $215,469 to $1.55 million

• Gentry, down $7,772 to $50,128

• Lincoln, down $590 to $39,083

• Springdale, down $83,442 to $2.27 million.

Newspapers in English

Newspapers from United States