Trenton city sales tax revenue in the first eight months of this fiscal year is down more than 7.5% percent for general purposes, capital projects, and parks compared to the same period a year ago.
Income from the city sales tax for general purposes totals nearly $505,000, down nearly $41,000 compared to last year at this time.
Revenue from the city sales tax for capital projects is near $252,000, a reduction of nearly $21,000 compared to the same period a year ago.
Revenue from the city sales tax for parks is about $234,000, a decline of nearly $21,000.
Much of the shortfall in Trenton sales tax receipts for this fiscal year is because of lower receipts in November and this month compared to a year ago.
The more than 7.5% percent drop in tax revenue for the eight month period ending this month compares to 6.6% percent drop in Grundy County sales tax receipts for the twelve months of this calendar year.
The Trenton city sales tax for firefighting equipment, training, and services did not go into effect until October 1 with receipts from that tax slightly over $8,000 nearly all of which was received in this month’s distribution.
There’s a delay from when sales tax is collected to when it’s distributed to the taxing entities.
