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2/22/2018 |
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Northwest Arkansas sales tax revenue rises 13% in February report |
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By Kim Souza
TBP
It was another big sales tax revenue payday for Bentonville in the February report following triple-digit growth in January. City leaders have said they don't get too excited about boon months because a rebate often follows to negate much of the benefit.
The four largest cities in Northwest Arkansas reported total sales tax revenue of $7.074 million in the February report, up 13.11% from a year ago. February revenue represents sale collected in December, one of the busiest shopping months of the year. Each city collects a 2% local tax on the sale of goods and services with 1% going toward debt repayment and the other 1% is funneled into the city's operating budget. This report reflects the latter.
Read more on Feb sales tax...
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