Sales tax revenues were up in three of the four major cities in Northwest Arkansas this month.
Fayetteville led the pack in collection dollars as Rogers held steady percentage-wise and Springdale saw the highest increase in revenues compare to last July. Bentonville continued its volatile fiscal year by following last month’s major increase with an 11.3 percent drop.
Here are the specifics:
Fayetteville received $1,621,070 for a 3.08 percent increase over last year, a difference of $48,512.
Rogers collected $1,332,184, a $3,737 increase over last year when the city received $1,328,447.
Springdale received $1,129,966 for a 10.29 percent increase over last year, a difference of $105,465.
Bentonville collected $896,687, a $114,228 decrease over last year when the city received $1,010,915.
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.
May sales tax revenue is collected in June and delivered in July.
Source: City of Fayetteville