October 3, 2013 Local Option Sales Tax Revenue up 17.2% Statewide
Well, this month’s distribution, at $38.64 million, is up 17.2%, compared to last month’s 2.5% decline (for the last 2 months we were up 5.6% statewide).
This confirms that Tax Commission accountants probably closed early last month or a major taxpayer’s return was in the “suspense” account when they closed. Either way, it’s great we recovered and aren’t going down the rat-hole again.
Because the September growth rates are skewed too high, we included a “Last 3 Months Percent Change” in the final column, which should serve as a better gauge on your short-term growth.