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Springfield, MO

City posts best month this fiscal year in sales taxes

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The Missouri Department of Revenue issued the city of Springfield its best sales tax check yet for fiscal 2018.

The March check was up 4 percent to $4.3 million compared with the same month last year. However, it was 5 percent below the city’s projections for the month. The next largest check was $4.2 million in September.

The latest check represents sales processed by the state in February from transactions made mostly in January, according to a news release.

In the release, Springfield Finance Director David Holtmann said, while the city missed the March forecast, fiscal 2018 revenues are still up 1 percent compared with officials’ budget for the nine-month period.

Springfield uses the sales tax checks from the Department of Revenue on services such as the Police and Fire departments. Roughly 56 percent of the city’s general fund comes from sales and use taxes.

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