Sales taxes show upswing in October
City of Rugby sales tax collections showed an upswing in October.
The city collected $75,826.21 in October 2019. Last month, the city collected $57,071.96, and at the same time in 2018 the city collected $41,998.94 in sales taxes.
According to Job Development Authority figures on sales tax trends, the $75,826.21 in collections marks the second best October on record since 2010. October 2014 was considered the best on record for sales tax collection with $81,028.59.
JDA Executive Director Liz Heisey said new businesses and the collection of online sales tax are major factors in the recent upswing.
“We have been optimistic since the online sales tax was put into place,” Heisey said in an email to the Tribune. “We are worried with the loss of Shopko but we’re expecting some of the impact to be minimized because the online sales tax.”
Heisey said the city and JDA “continue to be optimistic” about sales tax revenues.
Heisey said city sales taxes aid in keeping property taxes low, provide funding for city infrastructure projects, and for community and economic development projects. A recent project funded by sales taxes includes the citywide chip and seal project.
– Tribune Staff Report
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