Sales tax up in Northwest Arkansas cities
Sales tax deliveries were up in all of the four major cities across the region.
Revenues were up the highest in Bentonville, after a huge downturn last month. Springdale and Rogers reported healthy increases while Fayetteville showed the lowest increase of the four major cities.
Fayetteville received $1,572,558 for a 4.48 percent increase over last year, a difference of $67,422.
Rogers collected $1,328,447, a $150,596 increase over last year when the city received $1,177,851.
Springdale received $1,024,501 for an 12.94 percent increase over last year, a difference of $117,405.
Bentonville collected $1,010,915, a $193,938 increase over last year when the city received $816,977.
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 July reflects May sales tax collected in June.
May 2014 Sales Tax Revenue (delivered in July)
| City | May 2013 | May 2014 | Change |
|---|---|---|---|
| Fayetteville | $1,505,136 | $1,572,558 | +4.4% |
| Rogers | $1,177,851 | $1,328,447 | +12.7% |
| Springdale | $907,097 | $1,024,501 | +12.9% |
| Bentonville | $816,977 | $1,010,915 | +23.7% |
Source: Staff report
