Tax receipts up in June

Sunday, July 16, 2017

Siloam Springs sales tax receipts were up $44,553 in June compared to the same month last year.

Sales tax receipts were $611,995 in June 2017, compared to $567,442 in June 2016, according to the July issue of City & Town Magazine.

County sales tax receipts were up $22,672 from $215,562 in June 2016 to $238,235 in June, 2017.

The city's sales tax receipts come from its 2 percent sales tax. The total sales tax rate in Siloam Springs is 9.5 percent.

City sales tax receipts are used for utility infrastructure, repayment of wastewater treatment plant bonds, the city's general fund, public safety and the street department.

A share of county sales tax receipts pays on two water utility infrastructure bonds.

Other cities that saw an increase in city sales tax receipts were:

• Bentonville, up $350,063 to $1.68 million

• Fayetteville, up $146,742 to $3.46 million

• Gentry, up $6,361 to $48,703

• Lincoln, up $922 to $39,258

• Rogers, up $65,388 to $2.88 million

• Springdale, up $210,025 to $2.25 million.

Cities that saw a decrease in city sales tax receipts were:

• Eureka Springs, down $8,451 to $189,737

General News on 07/16/2017