Tag: Fort Smith sales tax

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…

Fort Smith general fund revenue up 4.4% in January-July period

One could get whiplash watching the last few monthly Fort Smith sales tax revenue reports. The 1% street tax tally was up 11.6% in the May report, down 5.47% in…

Fort Smith street tax revenue dips in June, up almost 5% year-to-date

Revenue from Fort Smith’s street tax fell more than 5% in the June report after posting a double-digit increase in May. The countywide tax revenue that feeds the city’s general…

Fort Smith year-to-date tax revenue up more than 6%, April report up 8.81%

The first four reporting months of sales tax collections in Fort Smith have the city on a track that could top record collections posted in 2008. Collections of the 1%…

Fort Smith tax revenue up 5.22% in first three reporting months of 2015

The first quarter of tax collection reports delivered welcome news for Fort Smith City Directors and city staff who needed a bump in revenue to stabilize the city’s more than…