Trenton city sales tax revenue up slightly from last year

Tax Graphic

Trenton city sales tax revenue during the fiscal year ending this month was up two percent for general purposes and capital projects and up more than one percent for parks compared to the previous fiscal year.

The yearly increases are nearly $16,000 for general purposes, about $8,300 for capital projects, and nearly $5,000 for parks. Total receipts during the fiscal year beginning last may and ending this month were nearly $787,000 for general purposes, about $393,000 for capital projects, and nearly $363,000 for parks.

The Trenton city sales tax for firefighting equipment, training, and services produced nearly $181,000 during the fiscal year ending this month. That tax has produced nearly $250,000 since income began to be received in November of 2016.

Income from Trenton’s transportation sales tax exceeds $106,000 since receipts began to be received last November. That’s the tax passed by Trenton voters in April of last year to generate revenue for the local share to replace the 17th street bridge. Those funds can be used for other street improvement projects once payments are completed for the local portion of the 17th street bridge replacement costs.

The transportation sales tax is to be collected at Trenton for ten years.