May 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 $309,369.45.
This month’s figure reflects a 6.09% increase or a $17,750.56 increase from May 2011.
The year-to-date total sales tax revenue for fiscal year 2011-2012 is down 4.45% or an $81,547.31 decrease from last year’s total at this time. Fiscal year-to-date actual sales revenue is $1,750,267.48.
Seabrook’s sales tax is broken up into three funds; General Fund (51%), Economic Development Corporation (25%) and the Crime Control District (24%). The March revenue breakdown is as follows:
- General Fund - $155,977.52
- Economic Development Corporation Fund - $77,988.76
- Crime Control District Fund - $75,403.17
Sales tax revenue is generated by sales tax income from two months prior to collection; May collection is based on March 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.