Northwest Arkansas sales tax revenue up more than 2% through April reports

Bentonville, Fayetteville, Rogers and Springdale cumulatively reported sales tax revenue of $8.378 million in the April report, down 0.19% from the same reporting period in 2023.

Through the April report, the four cities cumulative revenue is $36.691 million, up 2.06% from a year ago. The cumulative revenue has decreased sequentially each month of this calendar year and each city has seen revenue ups and downs through the four months of reports in 2024.

Fayetteville and Springdale reversed the negative results from the prior month to grow revenue by 4.32% and 3.67% respectively, for the year-over-year period. Fayetteville reported revenue of $2.517 million, the best results for the four months of reports in 2024. Year-to-date, Fayetteville reports sales tax revenue of $10.51 million, up 1.154% from a year ago. Growth has slowed from a year ago when the city averaged 10.47% gains for same 4-month period.

Springdale reported revenue of $1.881 million, up 3.67% from a year ago. Like, Fayetteville, Springdale reversed the 6.24% negative results reported last month. Year to date, sales tax revenue totals $7.809 million for Springdale, up 1.91% from the sale time last year. Springdale Mayor Doug Sprouse has said the city’s strong double-digit growth throughout 2021 and 2022 creates tough year-over-year comparisons. He said the city’s growing population should result in stable sales tax revenue in the coming months.

Bentonville pared down the loss in the April report with revenue totaling $1.862 million, down 8.88% from a year ago. Through the first four months, Bentonville’s sales tax revenue totaled $8.16 million, down 6.422% from a year ago.

Rogers reported sales tax revenue of $2.117 million in the April report, down 0.23% from a year ago. The city’s revenue has swung from flat in the January report to 9.64% gains in February, 37.9% growth in the March report, and back to flat results this month. Year-to-date, the city’s revenue totals $10.212 million, up 11.3% from a year ago.

SALES TAX REVENUE (January-April)
Bentonville
2024: $8.16 million
2023: $8.72 million
down 6.42%

Fayetteville
2024: $10.51 million
2023: $10.39 million
1.15%

Rogers
2024:$10.213 million
2023: $9.175 million
11.31%

Springdale
2024: $7.809 million
2023: $7.662 million
1.91%