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MCDC finance report: April sales-tax receipts rose 13%, year-to-date up 4.5%
Summary
Assistant finance director Chance Miller reported MCDC collected just over $2 million in April (applies to February sales), with a 13% increase in sales-tax receipts and year-to-date growth of 4.5%; expenditures for April totaled just over $1 million.
Chance Miller, assistant finance director, presented the MCDC financial report for April and highlighted a strong sales-tax month. "We collected slightly over $2,000,000. The majority of that came from sales-tax revenue," Miller said, adding that April receipts apply to February sales and showed a 13% increase that pushed year-to-date growth to about 4.5%.
Miller broke down April expenditures: operational costs near $300,000, project costs slightly under $700,000, and non-departmental costs around $70,000, totaling just over $1,000,000 in outlays for the month. He told the board the sales increase was broad-based across industries, citing nearby municipalities' increases as comparators and saying the diversity of industries suggests the growth may be sustainable. He stood for questions after the report.
