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Tax Receipts Up From Previous Month, Year

With the exception of the Christmas shopping season increase, the sales tax receipt for June in Booneville was the best it has been since last August.

With receipts of $43,162.44 in June, the tax was an increase over May, over June of last year and left the year to date figure ahead of the 2013 pace as well.

The increase from May to June was 2.7 percent from the $42,014.35 collected for May. The collection was up 6.1 percent from $40,698.22 returned in June of 2013 and the year to date collection of $259,264.54 is up 3.9 percent over 2013.

The tax took in $514,012.53 in 2013, which was down less than one percent from the $517,649.14 collected in 2012.

One of the two one percent taxes collected in Booneville is distributed to 10 city entities through a formula approved by city voters when the tax was renewed for a fourth five-year term in 2010.

Through that distribution 24 percent goes into a city improvement account; 20 percent to the street department, 12 percent to the police department, 10 percent each to the fire department and parks commission, 8 percent to the Area Agency on Aging/Booneville Sr. Citizens Center, 7 percent to the airport commission, 4 percent to the Booneville Development Corporation/South Logan County Chamber of Commerce, 3 percent to Oak Hill Cemetery and 2 percent to the Booneville Library.

A second one percent tax that is dedicated to the operation of Booneville Community Hospital. However, as stipulated in the ballot initiative, one quarter of the tax is withheld for construction projects so the hospital’s operational share of its June receipt was $32,371.83 from which is deducted a loan payment at First Western Bank.

Starting with the January proceeds the balance of that tax goes to Mercy Hospital, which assumed operation of the hospital on Jan. 1.

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