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City finance report: sales and use tax up $1 million year‑to‑date; council authorizes records destruction
Summary
Finance staff told the council net sales and use tax is up about $1,000,000, or 5.4% year‑to‑date, exceeding the budgeted 4% increase. Council also approved destruction of records eligible under the Missouri Secretary of State local government records-management guidelines.
Finance staff presented revenue collection trends showing net sales and use tax up more than $1,000,000 (about 5.4%) for the full fiscal year compared with the prior year, exceeding the city’s 4% budget target by roughly $264,000.
Finance staff (Jessica Pyle) said the marijuana tax — the additional 3% sales tax approved by voters and collected starting October 2023 — contributed to…
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