Trenton City Sales Taxes Up
Date 2014/4/14 10:32:58 | Topic: News
|Receipts from the Trenton City sales taxes for general purposes and capital projects were up 1.8% during the fiscal year ending this month. |
Income from the parks tax was up less than 1/2%. Those figures are in comparison to the previous fiscal year.
In dollars, tax revenue for general purposes was up slightly over $13,000. Income for
capital projects increased $6,600, and revenue for parks was up $1,300 during the fiscal year ending this month compared to the prior fiscal year.
The 1% tax for general purposes produced over $743,000 during the past 12 months. The 1/2% tax for capital projects generated over $371,000, and the 1/2% tax for parks
produced nearly $340,000 in the fiscal year ending this month.
Income from the capital projects tax is greater than the parks tax primarily because the parks tax cannot be charged on domestic utilities.
Income from the tax for general revenue this fiscal year is about $41,000 less than
2 years ago---which had greater than typical income.
Income from the general purposes tax this fiscal year is similar to the amount generated 5 years ago.
Income from that same tax this fiscal year is greater than 3 years ago and also greater than 4 years ago.