6 years, 5 months ago by Scott Hardy
Down 1.5% in sales tax revenue
Nearly half-way through the City of Quincy's current fiscal year, revenues are still trending downward. Scott Hardy has more.
( Audio 1:02 )
That assessment comes from Mayor Kyle Moore, who said after Monday night's meeting that so far, the city's down 1.5% in sales tax revenue compared to last year. Moore, who blames the sales tax shortage on increased internet sales, also said that the city's getting less from the state of Illinois.
( Kyle Moore :19 )
That could be anywhere between $800,000 to $1 million. Moore says he's not going to count the extra payments the state plans to make to the city, until they arrive.
( Kyle Moore :11 )
Moore says the city will likely end this fiscal year about $100,000 to $150,000 short in revenue. Planning for next year's city budget will start in December.