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Stafford says audit recovered about $1.39 million in misallocated local sales tax
Summary
City leaders presented results of a sales-tax allocation audit that identified $1,392,361 in recoveries from eight businesses; the audit contractor’s fee is 28% of recoveries under the contract.
A city council member reported that a private audit recovered $1,392,361 in local sales tax that had been misallocated to other jurisdictions, and that the contracted auditor will be paid 28% of the recovered amount.
The council member reading the audit summary told the council and public that Avenue Insight identified the misallocations for eight Stafford businesses and recovered back pay dating as far back as 2021. "In accordance with the terms of the contract, Avenue Insight will receive 28% of the recovered amount, which totals $389,461. The net gain…
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