YOUR BUSINESS AUTHORITY

Springfield, MO

Springfield’s sales taxes drop below projections

Posted online

City of Springfield officials expected its November sales tax check from the state to come in at $2.8 million. However, the check amounted to $2.65 million, roughly 7 percent below forecasts.

Through November, fiscal 2018 totaled $17.8 million, about 2 percent below the city’s projections, according to a news release.

“The city continues to experience significant delays in processing the city’s largest vendor payments — approximately one in five of our top 50 vendors did not have their final monthly payment processed and approximately one out of three of our top vendors were behind in processing at least one month,” Springfield Finance Director David Holtmann said in the release.

Holtmann previously said delays are being caused by a “timing issue on when the taxes were remitted to the Department of Revenue or some other factor.”

Compared with the same month last year, November sales taxes dropped by 4 percent, according to the release.

The city uses the sales tax checks from the Missouri Department of Revenue on services such as the Police and Fire departments. Roughly 56 percent of the city’s general fund comes from sales and use taxes.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Bankruptcy court: Creditor taking over JQH assets

Former investor Jonathan Eilian’s J.D. Holdings plans to buy at least 35 properties through a landmark bankruptcy settlement.

Most Read
What is the top priority among these road projects in the city’s capital improvements program?

View results

SBJ Live logo
MOST-WATCHED VIDEOS
Booked - Go Back to the Basics

“You’ve gotta go back to the basics,” says Larry Peterson, Executive Director, Habitat for Humanity of Springfield Missouri. Peterson says he gains leadership advice from General Ulysses S. …

App-titude - Due - A Simple To Do List Are your having trouble keeping track of everything on your to-do list? Due is an iOS app that helps you keep track of all your errands. “It essentially does just one thing — it keeps a due date …
Three Tips to Build Employee Buy In “First and foremost if you have any kind of idea that you want to bring forward, it has to be data driven,” says Kelly Lee, Business Program Manager on the Infrastructure Team at Facebook. Lee …
My Mentor - Career Guidance “I’ve had a couple [mentors], but probably a career mentor is David Agee. He’s been there since the day I started,” says Amanda Tummons with Husch Blackwell, one of Springfield Business …
Beyond the Spotlight - Brain Balance “They liked this and they thought it was important, but they couldn’t see — how do I actually make this into a business? How do I bring this into my business?” Robert Melillo, founder of …