JAMESTOWN – City officials received some good news from its top financial director on Monday night.
Comptroller Joe Bellitto released the sales tax numbers for the final quarter of 2018, showing the city collected $1,569,000 in sales tax revenue from October through December. That number was $41,000 – or 2.7 percent -higher compared to the 4th quarter the previous year.
The final quarter numbers also show the city had a much higher sales tax total for the entire year, compared to what had been budgeted in the 2018 City Budget.
The final sales tax total for the year was nearly $6,435,000 – 7.25 percent higher than the $6 million that was budgeted. That total was also 5.3 percent more than what the city collected in 2017.
For this year, the city budgeted $6.2 million in sales tax. A report on the first quarter for this year is expected in early May.
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