JONESBORO, Ark. – Sales tax numbers reported in the month of March for Craighead County saw a major increase.
Craighead County/Jonesboro Combined Sales and Use Tax
Numbers reported for March, 2017, which reflects a reporting period from two months back, showed $2,826,468.13. That was up 28.94 percent year-over-year from 2016, which reflected $2,192,097.92 collected. In numbers, it was $634,370.21 more than the previous year.
This follows a relatively flat February, 2017 report, which showed only a $5,466.50 increase from the previous year. $3,177,384.62 in sales and use taxes were collected for Craighead County and Jonesboro in February this year, compared to $3,171,918.12 from the previous year – reflecting only a 0.17 percent increase.
So far this year, $8,655,652.67 in taxes have been collected for the city and county – an $811,774.31 improvement from the prior year at this same time.
City of Jonesboro Sales and Use Tax
The City of Jonesboro has seen much more modest numbers overall this year than has Craighead County. For March, 2017, $1.3 million in sales taxes were collected for the city, a 7.71 percent increase year over year.
In February, numbers declined. In 2017, $1.78 million in sales and use taxes were collected, compared to 1.81 million in 2016. It was a 1.35 percent drop from the previous year. These numbers, reflecting two months back according to Mayor Harold Perrin, indicated holiday sales in Jonesboro may have declined slightly from the year before.
To see the full report, click the link below.