Friday, April 25, 2008

Don't tell the pols: Tornado causes Tax Surge

in Jackson. Look for the General Assembly to invest in weather altering technology before the end of the session.

Link
Because sales tax collections are reported two months after actual collection, April's report actually reflects sales taxes collected in February, showing the increase in consumer demand for roofing and other disaster supplies after the Feb. 5 tornado.
"The tornado is the only thing I can attribute the increase in tax collections to," said City recorder Al Laffoon.

Local sales taxes for the city only were running $129,500 under last year until April's collections. Collection are now $98,830 over last year. That figure, however, is about 1 percent below fiscal year budgeted amounts.