Press "Enter" to skip to content

State tax revenue drops in first half

A study of monthly sales tax distributions reflect the state of the economy, showing the ups and downs of sales via revenue gained by local governments as the recession deepens. Provided by the Department of Revenue, the data includes regular, education and special local option sales taxes. In the past 13 months, Lamar County brought in $5,185,969.10 in sales tax revenue. There were $552,043.21 in processed returns, $3,695.44 in penalty and interest as-sessments, $984 in audit costs and $5,557.47 in the state’s 1% administration fee. The FY total breaks down to $613,275.30 for Barnesville; $60,463.87 for Milner; $1,036,522.11 in county LOST funds, $1,729,005.27 in county SPLOST; $1,729,407.16 in school SPLOST, known as ELOST; and $17,275.43 for Aldora. In June, $304,735.85 came into the coffers of local governments. Returns totaled $305,157.76. The state charged $2,656.22 in assessments plus another $3,078.13 for administration. June was the only month of 13 looked at in which assessments and fees were noted. Local revenues broke down to $36,060.16 for Barnesville; $3,555.31 for Milner; $60,947.17 for county sales tax and $101,578.68 for its SPLOST income; $101,578.68 for the board of education ELOST; and $1,015.85 for Aldora. Lamar’s sales tax income for the month compares poorly with all surrounding counties except for Pike, which came in at $173,580.18 overall. Butts topped Lamar with $560,510.49 in income.

Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Website by NewsintheCloud.com - Copyright 2021