Sales tax revenue deliveries were down this month in three of the four major cities across northwest Arkansas compared to the same period last year.
Deliveries were down a few points in Fayetteville and Rogers, while Bentonville saw a major decrease of 29 percent. Springdale, however, saw a slight gain.
Fayetteville received $1,325,512 for a 6.9 percent decrease over last year, a difference of $98,960.
Rogers collected $1,037,374, a $32,785 decrease over last year when the city received $1,070,159.
Springdale received $813,815 for a 3.8 percent increase over last year, a difference of $29,562.
Bentonville collected $762,246, a $315,931 decrease over last year when the city received $1,078,177.
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 by the Fayetteville Flyer represent the 1 percent going into general funds.
Sales tax revenue delivered in March reflects January sales tax collected in February.
January 2014 Sales Tax Revenue (delivered in March)
|City||January 2013||January 2014||Change|
Source: Staff report