October sales tax collections up 7%
Tuesday, December 24, 2013 12:00 AM
Philadelphia saw a 7 percent or $20,728 increase in sales tax collections during October, just as downtown merchants are reporting an increase in holiday sales, starting with Open House in November.
July 1 to-date, the city has seen in 6.8 percent or $105,359 increase in sales tax collections, which make up more than half of the city's revenue stream and funds such operations as police, fire and street departments, among others.
Philadelphia reported $305,615 in sales tax collections for October, up from the $284,886 for the same month in 2012.
Fiscal year to-date, the city has seen its sales tax rise from $1,551,127 in 2012, to $1,656,486 in 2013.
The state's sales tax collections have a three-month cycle. Tax is collected by the retailer one month; it is reported and paid to the state Tax Commission by the retailer the second month; and the diversion is paid to the cities by the Tax Commission the third month.
Philadelphia's tourism tax was up an additional $3,302 in October and $815,983 for the year.
Philadelphia collects an additional 3 percent tax on hotel rooms. Those monies are used to promote tourism. The following figures reflect August taxes collected in surrounding areas/cities with 2012 figures in parenthesis:
Canton: $207,849 ($205,597).
Carthage: $126,672 ($125,753).
DeKalb: $18,799 ($20,196).
Flowood: $931,223 ($786,757).
Forest: $178,555 ($160,119).
Louisville: $147,032 ($140,360).
Madison: $499,019 ($463,254).
Meridian: $1,220,705 ($1,170,129).