custom ad
BusinessNovember 14, 2022

General sales tax revenue, an indicator of the volume of purchases made locally, jumped 21.5% in November over the same month in 2021 in Cape Girardeau County. Figures supplied to the county by the state Department of Revenue show general sales tax at $721,738.33 this month, compared to $594,011.41 in November 2021...

General sales tax revenue, an indicator of the volume of purchases made locally, jumped 21.5% in November over the same month in 2021 in Cape Girardeau County.

Figures supplied to the county by the state Department of Revenue show general sales tax at $721,738.33 this month, compared to $594,011.41 in November 2021.

For the year to-date, $8,365,418.69 has been received so far in 2022, 9.25% ahead of 2021's YTD numbers.

Receive Daily Headlines FREESign up today!

Other funds

  • Use tax: After double-digit monthly declines compared to one year ago in both September and October, the revenue received from out-of-state and online purchases grew 10.4% in November from the same month in 2021. A total of $269,386.66 was received this month. Year-to-date, $2,786,678 has been received in use tax, a 2.7% gain from January-November 2021.
  • Law enforcement sales tax saw a significant 20.7% year-over-year boost, with $714,839.57 received in November. Year-to-date, $8,261,660.79 has been received in the first 11 months of 2022, an 8.8% increase from the same period last year. Passed by voters in June 2020, the half-cent levy is used to help the county sheriff's office hire and retain staff, upgrade departmental equipment and provide underwriting for county jail operations.
  • Proposition One saw $721,737.68 received in November and $8,365,379 thus far in 2022, gains of 21.5% and 9.25%, respectively. Given voter approval in August 2006, Prop 1 primarily provides monies for road and bridge improvements.

Do you want more business news? Check out B Magazine, and the B Magazine email newsletter. Go to www.semissourian.com/newsletters to find out more.

Story Tags
Advertisement

Connect with the Southeast Missourian Newsroom:

For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.

Advertisement
Receive Daily Headlines FREESign up today!