Springfield, MO

Springfield’s sales taxes drop below projections

Posted online

City of Springfield officials expected its November sales tax check from the state to come in at $2.8 million. However, the check amounted to $2.65 million, roughly 7 percent below forecasts.

Through November, fiscal 2018 totaled $17.8 million, about 2 percent below the city’s projections, according to a news release.

“The city continues to experience significant delays in processing the city’s largest vendor payments — approximately one in five of our top 50 vendors did not have their final monthly payment processed and approximately one out of three of our top vendors were behind in processing at least one month,” Springfield Finance Director David Holtmann said in the release.

Holtmann previously said delays are being caused by a “timing issue on when the taxes were remitted to the Department of Revenue or some other factor.”

Compared with the same month last year, November sales taxes dropped by 4 percent, according to the release.

The city uses the sales tax checks from the Missouri 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.


No comments on this story |
Please log in to add your comment
Editors' Pick

Startup Corner: Eden Garrett, Eden’s Flower Truck

The 21-year-old is working to graduate in May while cultivating her small business.

Most Read
SBJ Live logo
Demand Pull Inventory Control

“We’re doing really complicated math, forecasting way in the spring, what we’re gonna need in inventory by what date,” says Shawn Askinosie, the Founder and CEO of Askinosie Chocolate. The …

Need to Focus Leads to Sale of Business “It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …
My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …
From Cutbacks to Cutting Tracks “Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …
Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …