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Finance Director Presents Year-End Sales Tax Report

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Finance Director Presents Year-End Sales Tax Report

Tuesday, February 5, 2019

Finance Director Rick Snyder presented a positive year-end Sales Tax Report.  While, receipts for the month of December were down by 7.8% (since they compared to an abnormally high increase for a year earlier), the County’s portion of sales tax distributions for the fourth quarter of 2018 was up 1.33% from the prior year—the highest fourth quarter on record.  As of year’s end, distributions for the County’s portion of sales tax revenue totaled nearly $37.2 million, an increase of more than $1.9 million year-over-year, or 5.47%,  For the year, Director Snyder reported that the County came in at more than $2.9 million over budget projections (or 108.% of budget)—the highest year for the County.

Director Snyder also provided the Casino Revenue Report for 2018’s fourth quarter, showing the County’s year-end Casino Gaming receipts at more than $1.9 million, up 13.2%, and more than $750,000 above the $1.2 million budget for 2018.