Siloam Springs sales tax receipts were up $437,586 in 2017 compared to the previous year.
Sales tax receipts were $7.65 million in 2017, up 6.06 percent from the previous year's total of $7.22 million, according to data provided by the Chamber of Commerce. Sales tax receipts have increased steadily every year since 2012, as far back as recent records have been kept.
Despite the overall positive trend, sales tax receipts dipped slightly last month.
Sales tax receipts were down $947 to $602,724 in December 2017, compared to $603,671 in December 2016, according to the January issue of City & Town magazine.
County sales tax receipts were down $11,173, from $263,689 in December 2016 to $252,516 in December 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.
Cities that saw an increase in city sales tax receipts were:
• Bentonville, up $52,744 to $1.92 million
• Lincoln, up $1,269 to $39,448
• Rogers, up $36,894 to $2.95 million
• Springdale, up $132,129 to $2.27 million.
Other cities that saw a decrease in city sales tax receipts were:
• Fayetteville, down $28,089 to $3.43 million
• Eureka Springs, down $15,372 to $272,615
• Gentry, down $1,576 to $53,435.General News on 02/07/2018
Print Headline: 2017 sales tax receipts up, December receipts down