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Hoover finance director reports modest revenue growth; lodging tax lags year-to-date
Summary
City finance staff reported sales-and-use-tax and online marketplace (SSUT) collections are up year-to-date through the seventh period, while lodging tax lags slightly behind the portion of the fiscal year elapsed. Staff attributed April SSUT weakness to a marketplace settlement omission that ADOR later confirmed.
City finance staff gave the Hoover City Council an update on revenues through the seventh accounting period of the fiscal year, saying overall collections show modest growth but that some categories display volatility month to month.
Presenting the report, Miss Cornett said sales-and-use tax and the state-collected marketplace facilitator tax (SSUT) are the city's largest revenue streams and that combined they are up about 3.5% for the first seven…
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