Lakeland approves budget, drops property tax rate to $1.04
Lakeland settled on a $1.04 property tax rate to fund its $100.5 million budget. Increased sales tax revenues helped offset the suburb’s spending.
Topic: Sales Tax Revenue
RSSThere are 7 article(s) tagged Sales Tax Revenue:
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June 2021
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April 2021
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Downtown Tourism Development Zone lost $5M in sales tax
On “Behind The Headlines,” the incoming CEO of the Downtown Memphis Commission says federal pandemic relief funding due the city will likely make up the loss. The drop in sales tax revenue for the TDZ comes as sales tax revenues across the city have exceeded bleak projections at the outset of the pandemic.
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January 2021
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Collierville sees strong sales tax revenue despite grim indicators
Collierville leaders projected a decrease in sales tax revenue. However, halfway through the fiscal year the numbers are surprisingly positive.
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December 2020
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Germantown heads into 2021 hopeful about sales tax revenue
Germantown will begin discussing its budget for the 2022 fiscal year in January. Sales tax has been better than projected in recent months.
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June 2020
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Collierville expects decreased revenue, but still approves 2020-21 budget
Collierville's Board of Mayor and Aldermen unanimously approved its budget Monday. The town expects COVID-19 to negatively impact revenues.
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April 2020
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‘How long’ is big question for city sales tax hit from pandemic response
Mayor Jim Strickland takes his budget proposal to the Memphis City Council in one week for the new fiscal year that starts July 1. And the unknown factor is how much sales tax revenue the city will lose in the shutdown of many businesses as nonessential during the pandemic.
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January 2020
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Collierville enjoying steady sales tax growth
Collierville has seen consistent and steady tax revenue in recent years. Town leaders say it helps alleviate the pressure on property taxes, and they have reason to believe the sales revenue growth will continue.
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