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.