City sales tax receipts lower than last year, but still ahead of budget

YORK – The City of York’s local sales tax receipts came in lower than they did in the same month last year, for November, but York City Treasurer Pellie Thomas says the influx is still ahead of budgeted figures.

The city took in $429,687 in sales tax revenue for November, which was nearly $48,000 less than in November of 2022. However, this year’s November figure was still the second highest for this particular month in the history of the local sales tax.

The city’s fiscal year started on Oct. 1 and already the city has taken in just under $860,000 in sales tax for the general and street funds.

In the most recent 12 months, the city has taken in just under $5.1 million, which compares to $4.7 million in the previous 12 month-period before that. That is a nearly 9% increase.

The increase has been attributed to increased economic activity, inflation and the ability to tax online purchases.

Regarding LB 357 funds (the city’s extra 1/2% sales tax for special, earmarked projects), the city took in $143,000 again this month – the same as last month. During the last fiscal year, the special tax generated just over $1.7 million.

 

 

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