- Obama shortens sentence of inmate from Cape (1/19/17)9
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)8
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Area hospitals hope a box helps prevent infant deaths (1/19/17)6
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)4
- Southeast to lose $3.5 million from state in budget cuts (1/18/17)21
- Local students to perform with choir at inauguration (1/19/17)3
- Subjects of interest in 1992 killing take polygraph tests; results not revealed (1/18/17)2
- Governor cuts $146 million, colleges take hit (1/17/17)
Sales tax numbers
When looking for economic bright spots in Southeast Missouri, consider sales tax receipts in Cape Girardeau. General sales tax revenue mustered a slight gain (0.32 percent) for the first seven months of the year in the city, while most other taxing entities in our area showed declines.
And Cape Girardeau's sales tax on hotels, motels and restaurants is providing another bit of positive news. In the fiscal year that ended in June, the combined receipts for the hotel-motel-restaurant tax were up nearly 3 percent form the year before.
Hotels, motels and restaurants appear to be doing fairly well thanks to Cape Girardeau's location as well as having events year-round that draw people for overnight stays. These include the American Junior Golf Association's Rolex Tournament, softball tournaments, state and regional meetings of large organizations and River Campus shows.
The fiscal year 2009 sales tax figures continue a five-year trend that has seen revenue go up by about 30 percent over five years. The biggest year for hotels and motels was 2006 when the new Holiday Inn Express opened. Restaurants saw a good jump in revenue in 2007, with solid increases in both of the following years.
Positive sales tax receipts are good news.