County Tax revenues trend up in December

News
January 3, 2019

MT. VERNON — County tax revenues came in 28,939 higher in December than a year ago, according to information from County Treasurer Bob Watt.
“Revenue from the state is already in for the month of December,” Watt reported to the board on Dec. 20. “If you look at December this year versus December last year, we’re actually a little bit ahead.”

Total tax receipts in December 2018 were $502,676.72 compared to the receipts in December 2017, which were reported at $473,737.41. The county fiscal year starts in December and ends on Nov. 30.

“We are entering a new fiscal year and I’m hopeful that everyone is going to be diligent and watch their budgets carefully,” Watt said. “It’s really too soon to have a feel for where we are going. We haven’t even completed the first month of the year. We’re getting our feet wet.”

Watt determines whether the receipts are coming in at the budgeted amount for each month by taking the projected revenues in the budget and dividing it by the 12 months in the fiscal year. At this time the reports show the county is coming in under budget for December this year compared to last December.

“We were $52,000 under budget at this point last year; we’re $49,000 this year. It’s tracking about where we need to be. I don’t see any issue with where we are at.”

For December, the county received $108,699.91 from the one-quarter percent sales tax; $51,047.54 from the 1 percent sales tax; $182,647.91 from the Public Safety Tax; $102,137.35 from the State Income Tax; $45,771.64 from the Local Use Tax; $10,119.02 from the Personal Property Replacement Tax; and $2,253.35 from Video Gaming.

In comparison, a year ago the county received $108,145.54 from the one-quarter percent sales tax; $49,202.41 from the 1 percent sales tax; $174,138.64 from the Public Safety Tax; $93,528.99 from the State Income Tax; $39,450.07 from the Local Use Tax; $9,271.76 from the Personal Property Replacement Tax; and no funds from Video Gaming.