West Point’s August check for its share of local sales tax receipts eclipsed the old one-month high and also helped set a new budget year total for those receipts.
The city’s August check was for $100,191. The prior one-month high was $88,767 back in February of 2013.
Those receipts, when added to all of the local sales taxes collected by the four municipalities in Cuming County, have surpassed $8.5 million since 2009, the first year any of them began collecting that tax.
West Point began collecting a 1 percent sales tax in April of 2009. Wisner and Beemer implemented a 1.5 percent tax in October of 2012. Also that month, West Point raised its local sales tax to 1.5 percent and Bancroft began collecting a 1 percent tax. Bancroft’s tax rose to 1.5 percent in April of 2015.
The West Point News broke down the sales tax receipts for the four municipalities by budget year, not calendar year.
The budget year for them runs from Oct. 1 to Sept. 30, so this month’s sales tax receipts, which were received last week, close out the 2016-2017 fiscal year sales tax receipts.
For the full story, pick up the September 27 West Point News, or call 372-2461 to subscribe.