Municipal tax collections continue at historic pace | news

JONESBORO – The local sales tax levies continued on their record course.

Reports from Craighead County Treasurer Terry McNatt and Jonesboro City Accountant Andrew Guiltner show that revenue this month is up 13 percent year over year.

Craighead County’s 1 percent sales tax raised $ 2,275,739 for the county government and 10 parishes. Historically, that’s 62 percent more than the $ 1,404,483 statewide tax levied for September 2012 and 35.7 percent more than the $ 1,689,736 in 2016.

Jonesboro’s separate 1 percent sales tax raised $ 1,962,162 in the city’s bank accounts. The combination of the two taxes raised $ 30,460,476 for the first nine months of 2021, up 13.8 percent from 2020. The city’s combined sales tax levies are at $ 3,696,707 from 2020 at that time -Dollars increased.

September receipts generally reflect consumer spending in July. Nationally, the U.S. Department of Commerce reported a seasonally adjusted 1.1 percent decline in retail sales in July as Americans cut spending as a surge in COVID-19 cases kept people away from stores.

Sales tax levies are only a small fraction of Craighead County’s total budget. For Jonesboro, however, since there is no property tax on community activities, sales tax collections represent the bulk of general revenue.

Distribution of Craighead County’s sales tax in September, with each company’s percentage of the money in parentheses and the totals for the year:

Jonesboro (69.74), $ 1,587,186 $ 13,487,948.

Craighead County (18.35), $ 417,686, $ 3,549,502.

Bay (1.87), $ 42,498, $ 361,146.

Black Oak (0.27), $ 6,182, $ 52,538.

Bono (2.21), $ 50,285, $ 427,320.

Brookland (2.04), $ 46,462, $ 394,835.

Caraway seeds (1.33), $ 30,180, $ 256,472.

Cash (0.35), $ 8,070, $ 68,580.

Egypt (0.12), $ 2,643 $ 22,459.

Lake City (2.16), $ 49,128, $ 417,494.

Monette (1.56), $ 35,419, $ 300,989.

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