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The original item was published from 10/3/2012 12:47:39 PM to 11/1/2012 12:05:01 AM.

City News & Happenings

Economic Development

Posted on: September 12, 2012

[ARCHIVED] September Sales Tax Revenues

The City of Seabrook has collected this month’s revenue from the State Comptroller’s Office. The total amount of revenue received was $227,514.58.

This month’s figure reflects an 11.25% decrease or a $28,840.00 decrease from September 2011.

The year-to-date total sales tax revenue for fiscal year 2011-2012 is down 3.27% or a $90,461.39 decrease from last year’s total at this time. Fiscal year-to-date actual sales revenue is $2,676,577.05.

Seabrook’s sales tax is broken up into three funds; General Fund (51%), Economic Development Corporation (25%) and the Crime Control District (24%). The June revenue breakdown is as follows:

General Fund - $115,959.44
Economic Development Corporation Fund - $53,575.42
Crime Control District Fund - $57,979.72
Sales tax revenue is generated by sales tax income from two months prior to collection; September collection is based on July sales.

Shop local and dine local to keep your dollars in the Seabrook economy. Spending money locally matters to Seabrook. It not only improves city services and facilities, but also encourages future business development and helps to fund crime control.

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