JONESBORO — Cold temperatures, snow and ice worked against local retailers in February and that caused the first decline in local sales tax collections for Craighead County in almost a year.
April sales tax revenue – which reflect sales in stores during February – produced $1,682.760 for county government and 10 municipalities, a 3.5 percent drop from the same time in 2020, County Treasurer Terry McNatt reported Monday.
Jonesboro’s separate 1 percent tax produced $1,467,798, a 4 percent drop from a year ago, according to a report from Steve Purtee, the city’s finance director. Despite the one-time setback, the combination of the city and county taxes has produced $12,454,980 for the first four months of the year, $550,126, or 4.6 percent ahead of last year at this time.
The last decline in revenue for the county’s 1 percent sales and use tax came in June 2020, which reflects tax collections in the month following a tornado that permanently shut many businesses in The Mall at Turtle Creek and forced temporary closures for several others.
The decline in revenue may be temporary.
Retail sales surged a seasonally adjusted 9.8 percent in March after dropping about 3 percent the month before, the Commerce Department reported in mid-April.
April distribution of the Craighead County sales tax, with each entity’s percentage share of the money in parentheses and totals for the year:
Jonesboro (69.74), $1,173,621, $5,503,374.
Craighead County (18.35), $308,851. $1,448,274.
Bay (1.87), $31,424, $147,356.
Black Oak (0.27), $4,571, $21,437.
Bono (2.21), $37,182, $1174,356.
Brookland (2.04), $334,356, $161,101.
Caraway (1.33), $22,316, $104,646.
Cash (0.35), $5,967, $27,982.
Egypt (0.12), $21,954, $9,164.
Lake City (2.16), $36,327, $170,347.
Monette (1.56), $26,190, $122,810.