Archbold, OH

Sales Tax Revenue Up 9% For Month Of May 2008

Sales tax revenue returned to Fulton County in May is up almost 9%, and so far, sales tax revenue is more than 7% ahead of last year.

Vond Hall, Fulton County administrator, said he believes the revenue gain can be attributed to the rising price of gasoline, and as a result of that, consumers shopping closer to home.

As merchants make sales or render services, they charge a 6.5% sales tax, which is sent to the Ohio Department of Taxation. ODT calculates Fulton County’s 1% share of the tax, and returns it to the county. It takes about three months from the time sales tax is collected until it is returned to Fulton County coffers.

During May, the Ohio Department of Taxation returned $331,715.01 in sales tax revenue, up $27,150.28, or about 8.91%, from the same month in 2007.

Year-to-date collections, January through May, are just over $1.7 million, up about $118,000, or 7.42%, from the same time period in 2007.

Fulton County Sales Tax Revenue

May, 2007 $304,564.73
May, 2008 $331,715.01
Difference ($) +$27,150.28
Difference (%) +8.91%

2007 $1,592,458.57
2008 $1,710,601.81

Difference ($) +$118,143.24
Difference (%) +7.42%

Information provided by Fulton County Commissioners office. Figures represent sales tax revenue received by Fulton County from the Ohio Department of Taxation, for Fulton County’s 1% share of revenue generated by sales taxes on goods and services in Fulton County. Monthly figure represents money received that month; year-to-date money received from Jan. 1 of that year through the month indicated. Archbold Buckeye chart.

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