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9/26/2017 |
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Sales tax rally continues through September across Northwest Arkansas |
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By Kim Souza
TBP
Sales tax revenue in Northwest Arkansas' four largest cities continues to set records. Fayetteville, Bentonville, Springdale and Rogers reported a combined $49.674 million in sales tax revenue through September of this year, up 7.85% compared with $46.057 million in the same period of 2016.
Each city collects a 2% local sales tax on goods sold and services rendered. Half of that goes to retire debt and the other 1% is funneled into the city's operations budget. This report reflects the latter 1%.
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