Trenton Sales Tax Receipts Up Slightly
Date 2013/11/25 10:07:34 | Topic: News
|Trenton city sales tax receipts are running about 1.8% ahead of last year at this time for general purposes and capital projects. Sales tax receipts for parks are nearly 1% ahead of last year at this time. |
The fiscal year figures are for the period of May through November.
The increases, in dollars, are nearly $7400 for general purposes, nearly $3800 for capital projects, and slightly over $1400 for parks.
Total receipts thus far this year for those 3 taxes, are more than $418,000 for general purposes, nearly $209,000 for capital projects, and nearly $194,000 for parks.
The general purposes tax is 1%, while the other taxes are 1/2%.
Income from the capital projects tax is greater than the parks revenue primarily because the parks tax cannot be charged on domestic utilities.