Trenton City Sales Tax Receipts Up From Last Year
Date 2014/1/13 8:47:17 | Topic: News
|Trenton city sales tax receipts are running nearly 1- 1/2% ahead of last fiscal year at this time for general purposes and capital projects. Sales tax receipts for parks are up less than 1%.|
Those figures represent payments received in the first 9 months of this fiscal year---May through January.
The increases, in dollars, are about $7800 for general purposes, around $4,000 for capital projects, and $1200 for parks.
Total receipts thus far for those 3 taxes are nearly $559,000 for general purposes,
Nearly $279,000 for capital projects, and $259,000 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.