Sales tax revenue for Jackson County is above both last year and the budget for this year, new figures show.
Jackson County fiscal analyst Logan H. Propes released the monthly report on the local option sales tax (LOST) following receipt of the August check (for June sales) from the Department of Revenue.
Sales tax revenue trends up
“For the first six month’s collections we are $223,683 or 9.20 percent above last year’s collections through the same period,” Propes wrote in an e-mail.
The latest check was for $447,686.
“Our budgeted FY 2010 goal for local option sales tax receipts is $5,200,000,” Propes wrote. “We have collected six months of receipts for 2010 plus the pro-rata distribution. As such, LOST is $56,591 or 2.18 percent above the FY 2010 budget for the period.”
Those numbers represent only the county’s portion. Each of the municipalities also gets a monthly check from the Department of Revenue for their shares of the tax.
SPLOST Up Too
Receipts for the special purpose local option sales tax (SPLOST) are also up over last year.
The latest check, for June spending, amounted to $718,246. That’s about 5.4 percent more revenue than the county collected for the same month in 2009. Year to date, SPLOST revenue is $4.3 million, compared to $3.89 million through the first six months of 2009, an increase of 9.4 percent.
Those figures include the total amounts of SPLOST money for the whole county. From that, the county distributes shares to the Jackson County Water and Sewerage Authority and the municipalities.
The latest check was for $447,686.
“Our budgeted FY 2010 goal for local option sales tax receipts is $5,200,000,” Propes wrote. “We have collected six months of receipts for 2010 plus the pro-rata distribution. As such, LOST is $56,591 or 2.18 percent above the FY 2010 budget for the period.”
Those numbers represent only the county’s portion. Each of the municipalities also gets a monthly check from the Department of Revenue for their shares of the tax.
SPLOST Up Too
Receipts for the special purpose local option sales tax (SPLOST) are also up over last year.
The latest check, for June spending, amounted to $718,246. That’s about 5.4 percent more revenue than the county collected for the same month in 2009. Year to date, SPLOST revenue is $4.3 million, compared to $3.89 million through the first six months of 2009, an increase of 9.4 percent.
Those figures include the total amounts of SPLOST money for the whole county. From that, the county distributes shares to the Jackson County Water and Sewerage Authority and the municipalities.
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