Clay County Releases Sales and Use Tax Update

Clay County Treasurer Bob Nance released the current sales and use tax update to the Clay County commission on July 13th.

In the report, he released the following data comparing Sales and Use Tax 2020 to 2019:

Clay County Treasurer Bob Nance

• Sales tax revenue is down $158,000 for the month of July, $382,000 year to date.
• Use tax is up $184,000 for the month of July, $550,000 year to date.
(Use tax is allocated to specific departments according to the Commissioners and the 2001 use tax vote by citizens.)
• Law Enforcement sales tax and Children’s Services sales tax are both down approximately 2% or a total of $184,000 for the year.

Comparing 2020 Actual to Budget:

The 2020 approved budget includes a $585,000 increase in sales and use tax revenue over 2019. The increase is primarily due to an increase in Park Fund revenue of $1.5 million, a $450,000 increase in the Use Tax and a decrease in the General Fund of $1.375 million.

In summary, total sales and use tax is $16,000 below prior year and approximately $350,000 below budget. When the economy opens completely, Nance anticipates that sales tax will return to budgeted levels.

KPGZ News - Jim Dickerson contributed to this report