YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

City’s sales tax revenue comes in above projections

Posted online

The city of Springfield’s January sales tax check from the Missouri Department Revenue exceeded projections.

At $4.4 million, the check was 6 percent higher than the $4.2 million city officials previously predicted for the month, according to a news release.

“We were pleased to see revenues rebound after a below-budget December,” Springfield Finance Director David Holtmann said in the release, referencing a check last month that was 4 percent short of projections.

For the fiscal year that started July 1, sales taxes for Springfield reached $27.4 million through January. That’s 2 percent higher than city budget officials expected the amount to be during the period.

The January check represents sales processed by the state in December from transactions made mostly in November, according to the release.

Springfield uses sales tax revenue from the Department of Revenue to fund the Police and Fire departments and other public services. Roughly 56 percent of the city’s general fund comes from sales and use taxes.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences