Common Staff Writer
Last Thursday the Scioto County Commissioners met in regular session and received a welcomed communication from the Ohio Department of Taxation: Record breaking tax revenue.
The communication specifically informed the commissioners of October permissive sales tax figures.
“For the year it’s (permissive sales tax) up $247,318.20 when compared to last year. The total received in 2013 was $11,126,270.02,” said Mike Crabtree, Chairman of the Scioto County Commissioners. “For the month of October we received $919,160.05, which is $113,000 more than this time last year.”
The numbers represent a new annual record for permissive sales tax numbers in Scioto County.
According to records obtained from Scioto Auditor David Green by the Daily Times, in 2013 September was the largest amount of permissive sales tax was received. That month the county received $10,207,109.97.
The last five years of permissive sales tax records show a trend:
In 2008 the county anticipated receiving $9,181,869.84 and received $9,216,680.85, a difference of $34,810.51;
In 2009 the county anticipated receiving $9,216,680.35 and received $8,983,647 a difference of negative $233,033.35;
In 2010 the county anticipated receiving $8,963,647.00 and received $10,040,788.66, with a difference of $1,057,141.66;
In 2011 the county anticipated receiving $10,040,788.66 and received $10,270,517.42 a difference of $229,728.76;
In 2012 the county anticipated receiving $10,270,517.42 and received $10,878,951.46 a difference of $608,434.04.
With the passage of House Bill 59 earlier this year, the state’s sales tax was raised.
“State sales and use taxes are set to increase by one quarter of a percent to 5.75 percent. As a result the county’s permissive sales tax will increase one quarter of a percent from seven percent to 7.25 percent effective Sept. 1,” said Doug Coleman, Scioto County Commissioners Vice Chairman.
At the last regularly scheduled meeting of the Scioto County Financial Planning and Supervision Commission for the year in November, the county received overall positive economic news.
“Currently the county has an unexpended balance of $3.1 million in the general fund,” said Chris McCoy, of the Auditor of State’s Office. “They have pretty much doubled the fund balance since January, with two months left in the year.”
He said the news is also positive when you look at the sales tax.
“When you look at sales tax, the county is still ahead of last year, they are just not ahead as far as they were in 2012. Through October they are ahead of last year’s numbers by $100,000,” McCoy said.
He said when you look at this time last year the county sales tax was above estimates of $500,000.
“They (Scioto County) are continuing to build on the success they’ve had, but it (the sales tax) has not been gaining ground like it had been in 2011 and 2012,” McCoy said.
McCoy said barring any new industry comes to the county that brings with it buying power, the annual sales tax should begin to level off.
“They (Scioto County) average about $928,000 a month. If they stay around the average an estimated $1.8 million should come in for the remainder of the year (two months). If you take that into consideration they will take in $11 million in sales tax revenue for the year,” McCoy said. “They have never had that (those high of a sales tax numbers). I looked back as far as 2006 and that year they had $8.6 million.”
McCoy said he could not say enough positive things about that news.
Wayne Allen may be reached at 740-353-1151, or email@example.com. For breaking news, follow Wayne on Twitter @WayneallenPDT.