Trenton city sales tax revenue down for the year

City of Trenton

Trenton city sales tax revenue for the fiscal year ending this month was down three point three percent (3.3) for general purposes and capital projects.

That’s compared to the previous fiscal year that ended in April of last year.

Sales tax revenue for parks was down one percent in the same comparison.

In dollar figures, the reductions were nearly 28-thousand dollars for general purposes, nearly 14-thousand dollars less for capital projects, and nearly four thousand dollars less for parks.

The city sales tax for general purposes produced nearly 806-thousand dollars in the fiscal year ending this month. The capital projects sales tax produced over 402-thousand dollars, and the sales tax for parks exceeded 378-thousand dollars.

Although sales tax revenue at Trenton was down in the past 12 months, it was up compared to two years ago. Those increases were eight-point four (8.4) percent for general purposes and capital projects, and eleven-point-three (11.3) percent for parks.

Trenton city sales tax revenue, in the 12 month period ending this month, was greater than six of the past seven fiscal years. The lone exception was the 2014-2015 fiscal year which had greater sales tax revenue.

For example, looking at the sales tax for general purposes only, it was down nearly 28 thousand dollars in the fiscal year ending this month compared to the previous year. However, it was up compared to preceding years by, in rounded figures, by 62-thousand dollars, 75-thousand dollars, 21-thousand, 76-thousand, 94-thousand, and 63-thousand dollars.