Sales tax collections up slightly in June
Friday, August 22, 2014 12:00 AM
VAN WERT — Sales tax collections for Van Wert County remained up slightly in the August report from the County Treasurer’s Office. The report which totals sales tax from purchases made in July 2014 showed the amount was just ahead of June 2013 collections. Through the 1.5 percent sales tax collected on items sold in the county, Van Wert County took in a little over $343,000, an increase over last year of 1.63 percent.
The figures from June seem to indicate a stagnant to very slowly increasing retail atmosphere in Van Wert County. This marks the second consecutive month of increase in the county. The May numbers were up 0.69 percent over May of 2013. Earlier this year, five of the first six months showed decreases over the same month in 2013. The March numbers, which were released in May, showed a 16 percent jump over the year prior.
The county has budgeted $4.02 million from sales tax receipts in the 2014 budget. Thus far, the county has collected more than $2.7 million. Collections are running $25,000 behind 2013 after eight months of collections. Last year, $4,131.413 was collected by the taxes, so if collections remain static for the rest of 2014, the county will have no problem reaching the budgeted figure.