EAU CLAIRE — Eau Claire County acquired about $1.04 million in gross sales tax income this October, a good signal for its monetary well being.
This 12 months’s October quantity is considerably larger than in earlier years. The county acquired about $775,000 in October 2019 and $790,000 in October 2018. October can also be the county’s second highest month for gross sales tax income this 12 months after $1.18 million in August.
After receiving a comparatively low quantity of gross sales taxes in September, the October numbers put the county barely forward of its income on the similar time previously two years. The county has introduced in $9.08 million from gross sales tax income within the first 10 months of this 12 months, whereas that quantity was $9.07 million in 2019 and $9.01 million in 2018.
From March to October of 2020, the months impacted by the COVID-19 pandemic, there was a lower of about $337,000 this 12 months in comparison with 2019. Nonetheless, the county’s annual gross sales tax numbers will nearly actually not be as dangerous as initially feared in March, when losses of round $1.2 million have been projected. On the Dec. 1 County Board meeting, County Finance Director Norb Kirk mentioned he anticipated losses of $500,000 to $750,000.
The county’s general income from gross sales taxes this 12 months may nonetheless be six figures lower than 2019, however the newest numbers could have lessened worries for no less than a month.
The post County receives encouraging October sales tax numbers | News appeared first on Correct Success.
source https://correctsuccess.com/financial-health/county-receives-encouraging-october-sales-tax-numbers-news/
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