Tax receipts continue to rise for city of Brookhaven
Published 9:14 pm Friday, June 16, 2017
The city of Brookhaven continues to see receipts from tax diversions rise over the months of 2017.
For May, receipts totaled $493,234.21. While that is a slight dip from the 2016 number of $513,448.84 — a four percent drop — it nevertheless represents more money being spent at city retailers than earlier in the year. The trend is in an upward direction.
Overall receipts from the beginning of the state’s fiscal year on July 1, 2016, until the end of May 2017 have reached $5,306,163.57 for the city. That’s an increase of more than $95,000, or two percent. The trend is upward.
According to City Clerk Michael Jinks, the process is fairly simple. When people spend more locally, more tax is collected and more monies are diverted to the city. Some months throughout the year historically show higher receipts because of the time of year.