Tag: Fort Smith sales tax

Fort Smith sales tax revenues down more than $500,000 through April

Fort Smith sales tax revenues continue to trail 2017’s numbers as well as budgeted expectations with the city reporting over $500,000 less than expected – $440,588 from the 2% city…

Fort Smith sales tax shortages for first quarter of 2018 nearing $500,000

Sales tax collections have missed expectations and previous year performances for the first quarter of 2018 by close to $500,000 when combining Fort Smith sales tax and the city’s share…

Fort Smith sales tax revenues are down for first two months of 2018

Fort Smith sales tax revenues launched 2018 with a two-month losing streak. According to data released by the city on Friday (March 24), the state’s second largest city trailed January and…

Fort Smith delayed on reporting of sales tax data, new deadline set for March 23

While most Arkansas cities released updated sales tax reports at the first of the month, the city of Fort Smith has run into delays due in part to implementation of…

Fort Smith 2017 sales tax revenue sets record at more than $42.4 million

Sales tax revenue for 2017 finished just ahead of 2016 with $42.408 million, culled from a 2% rate that includes 1% for Fort Smith’s streets program, 0.75% for bond issues,…

Fort Smith sales tax revenues see slight dip in October

Fort Smith city sales tax revenues were off slightly in October, which is the last reported month of collections and reflects August transactions. The combined city sales tax tally for…

Sales tax revenue off almost 5% in Fort Smith’s September report

Sales tax revenue fell 4.83% in Fort Smith’s September report to $1.637 million from $1.72 million the previous year, but year-to-date figures for 2017 continue to hold up at $16.021…

Fort Smith sales tax revenue down 3% in August report, franchise revenue down 5% year-to-date

Sales tax revenue fell more than 3% in Fort Smith’s August report, with year-to-date revenue up 1% and 2.6% above the budget estimate. Franchise revenue could end the year 5%…

Fort Smith tax revenue up 1.6% year-to-date, area county collections show gains

Sales tax revenue fell more than 2% in Fort Smith’s July report, with year-to-date revenue up 1.6% and 2.2% above the budget estimate. However, franchise revenue could end the year…

Fort Smith sales tax revenue up slightly for June, year-to-date

Fort Smith revenues saw slight gains for June on city and county sales tax sides, according to Fort Smith Finance Director Jennifer Walker. In a Tuesday (July 25) memo to…

Fort Smith sales tax numbers beat 2016 performance by less than 2% through April

City sales tax revenues went through a “timing issue” that caused a broad swing across March and April, according to Fort Smith Finance Director Jennifer Walker. In a Thursday (June…

Fort Smith sales tax and ad valorem numbers up in 2016, franchise fees down

Fort Smith closed 2016 in a final unaudited report submitted Saturday (March 18) that showed slight gains in the city’s sales tax collections for December and the year as a…

Fort Smith sales tax down slightly, expected to finish 2016 ‘slightly above’ budget forecasts

Fort Smith city sales tax collections tapered off 2% in November 2016 compared to the same period last year and fell short by 2.2% against the month’s revised budget estimates….

Fort Smith street sales tax up just 0.6% year-to-date, countywide tax up 2.4%

Fort Smith posted its first sales tax report since slicing budget items at an Aug. 16 Board of Directors meeting in response to underperforming sales tax revenue. So far, it’s…

June report shows Fort Smith sales tax revenue remains below budget estimates

Fort Smith sales tax revenue continues to fall short of budget expectations for 2016 with June seeing only a 0.4% bump in revenue, which is 4.9% below budget estimates for…

Fort Smith sales tax revenue below budget estimates, storm damage repair could boost numbers

Fort Smith sales tax collections are trending in the wrong direction to begin 2016, with one Fort Smith Director saying the numbers are “a surprise” and could force the city’s…

Fort Smith sales tax revenue ‘erratic,’ remains slightly above budget estimates

Fort Smith sales tax collections ended 2015 on a good trend but the first four reporting months of 2016 are pushing a thin margin for the city’s pocketbook, with collections…

Fort Smith January tax revenues hit new high, most area counties see tax gain in 2015

Editor’s note: This story is a component of The Compass Report. The quarterly Compass Report is managed by Talk Business & Politics, and sponsored by Arvest Bank. Supporting sponsors of…

Fort Smith tax revenue dips in September report, still positive year-to-date

Sales tax revenue collected by Fort Smith was down in the September report, only the second month this year that city sales tax revenue has declined, and only the third…

Trend still positive for Fort Smith sales tax revenue through August

After posting wide variations for the past three reporting months, city of Fort Smith sales tax revenue moderated in the August report to a 2.29% gain for city sales taxes…