Second quarter city sales tax tops first quarter
By Jan Schultz
The Imperial Republican
Totals from the second quarter of 2012 (April, May, June) far outdistanced the first quarter of the year in Imperial city sales tax revenue, according to the Nebraska Department of Revenue report.
The total for the second quarter was $123,984.50. That compared to $107,252.46 for the first quarter 2012.
A big factor in the jump was the monthly total for May—$43,677.84—the largest monthly total on record since the city sales tax started in Imperial in April 2007.
April 2012 had a total of $38,158.43, while June tallied $42,148.23.
The figures in the accompanying chart also include the city sales tax receipts specifically from motor vehicle registrations those months.
When each month’s funds are received by the city, the city sales tax paid on vehicles is removed from the totals and placed in the city street department fund as required by law.
What is left is split 50/50 between economic development and community development projects approved by the city council.
The city’s proceeds come from the one percent sales tax added to the state’s 5.5 percent on qualified purchases in the city limits.
Imperial voters approved the city sales tax in November 2006, and it went into effect in April 2007.