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Cole County sees increase in sales tax revenue

Cole County sees increase in sales tax revenue

August 16th, 2018 by News Tribune in Local News

The Cole County Courthouse is shown in this Sept. 15, 2016 file photo.

Photo by Julie Smith /News Tribune.

Cole County's half-cent capital improvement sales tax revenue is up 13 percent for August 2018 over the same month last year, county officials announced Wednesday.

Year to date, the county's tax collection rate is up 2.7 percent.

County Finance Officer Debbie Malzner said the county collected $460,770 this August compared to $406,000 in August 2017. The county collected a total of nearly $6.4 million in 2017 and so far has collected nearly $4.3 million for 2018.

The county's EMS sales tax so far has collected more than $4.2 million. When county voters approved the half-cent sales tax in 2008 to fund operation of countywide ambulance coverage, it was coupled with a property tax rollback that reduced what the county could collect from real estate and personal property taxes. Last year, after the rollback, the county netted $2.5 million from that sales tax.

The half-cent law enforcement sales tax, which funds the sheriff's department and jail, has collected more than $4.2 million so far. Last year, the county collected $6.3 million from that sales tax.