The City of Seabrook has collected this month’s revenue from the State Comptroller’s Office. The total amount of revenue received was $307,748.92.
This month’s figure reflects a decrease of $8,247.38; a decrease of 2.61% from June, 2016.
The year-to-date total sales tax revenue for fiscal year 2016-17 is up 4.81% or $128,366.75 over last year’s total at this time. Fiscal year-to-date actual sales revenue is $2,799,726.50.
Seabrook’s sales tax is broken up into three funds; General Fund (50%), Economic Development Corporation (25%) and the Crime Control District (25%). The June revenue breakdown is as follows:
Sales tax revenue is generated by sales tax income from two months prior to collection; June collection is based on April sales.