Sales tax revenue was up again this month in the four major Northwest Arkansas cities compared to the same period last year.
Fayetteville received $1,502,270 in August for June sales for a 3.96 percent increase over last August, a difference of $57,283.
Springdale received $904,653 in sales tax for June sales, a $23,107 increase over last August when the city received $881,546.
Rogers received $1,223,892 in August for June sales for an 8.33 percent increase over last August, a difference of $94,137.
Bentonville received $968,097 in sales tax for June sales, a $311,478 increase over last August when the city received $656,619 in sales tax.
Each city collects a 2 percent sales tax. One percent goes into a general fund. The other 1 percent goes toward repayment of bonds. The numbers reported here represent the 1 percent going into general funds.
Sales tax revenue delivered in August reflects June sales tax received in July.
June sales tax revenue
City | June 2012 | June 2013 | Change |
---|---|---|---|
Fayetteville | $1,444,987 | $1,502,270 | +3.96% |
Springdale | $881,546 | $904,653 | +2.62% |
Rogers | $1,129,755 | $1,223,892 | +8.33% |
Bentonville | $656,619 | $968,097 | +47.44% |
Source: Staff report