Sales tax revenue continues to increase

Monday, December 23, 2013

Rogers and Bentonville sales tax revenue increase by more than 5 percent this month compared to the same period last year, with Fayetteville and Springdale also showing increases.

Comparisons are based on collection from the same month in the previous year. Each city, with the exception of Bella Vista, collects a 2 percent sales tax. One percent is devoted to repaying bonds. The other 1 percent goes into each city’s general fund and is available for operations. For the purpose of this report, NWA Media tracks the 1 percent going into general funds.

Sales tax revenue delivered in December reflects October sales tax collected in November.

Bentonville had the highest increase with a 5.8 percent increase over last December. Sales tax revenue for the month is $819,262, compared to $774,011 last year, a difference of $45,250.

Rogers sales tax for the month reached $1,147,392 an increase of $57,466 over last year at $1,089,925, or a 5.3 percent increase.

Fayetteville sales tax revenue reached $1,457,601 this month compared to $1,407,189 for the same period last year, an increase of $50,411 or 3.5 percent.

Springdale just barely made into positive numbers with sales tax revenue of $852,789 this month a 0.5 percent increase of $4,614 over the same period last year when the city received $848,174.