Siloam Springs sales tax receipts up for November

Siloam Springs’ sales tax receipts were up 33.9 percent in November compared to the same month last year.

Sales tax receipts were up $168,843 to $666,728 in November, compared to $497,885 in November 2018, according to the December issue of City & Town magazine.

Siloam Springs has a total sales tax rate of 9.5 percent and the sales tax revenue it directly receives typically comes from 2 percent of the total.

Sales tax receipts were down in November 2018 due to the discontinuation of the 5/8th cent sales tax in July 2018, meaning that only 1 3/8 percent was collected, according to an October 2018 report in the Herald-Leader. The tax was reinstated in December 2018, returning sales tax receipts to normal levels.

County sales tax receipts were up $45,570 from $275,301 in November of 2018 to $320,871 in November 2019.

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:

• Bentonville, up $908,321 to $2.54 million.

• Eureka Springs, up $17,027 to $278,044.

• Fayetteville, up $140,497 to $3.93 million.

• Gentry, up $47,382 to $114,185.

• Rogers, up $272,660 to $3.6 million.

• Springdale, up $313,662 to $2.84 million..

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

• Lincoln, down $2,329 to $47,689.