“What would you do with an extra $6.7 million?” might be a question City of Dothan leaders may have to answer soon.
With the local economy bullish, Dothan’s sales tax collections have topped budget projections by a whopping $6.7 million in the seven months of the 2019 fiscal year. April figures released Monday reflect sales tax collections surged ahead another 7.8 percent compared to 2018 figures – beating budget projections by $905,230.08.
April’s figures reflect sales made in March.
The uptick reflects the ninth consecutive month in which Dothan has reported sales tax growth. Sales tax collections comprise 70 percent of Dothan’s operating budget.
For the year, Dothan’s sales taxes have generated $43.4 million, which is $3.9 million more than what was collected during the same period in the 2018 fiscal year. For the year, sales tax figures have climbed almost 10 percent in year-to-year comparisons.
Lodging tax figures also continue to soar, climbing 26 percent over the April 2018 numbers. Last month, hoteliers and other lodging facilities remitted $361,421 in taxes to the city.
For the year lodging taxes have beaten budgeted projects by $733,583.18 and last year’s figures by $448,205.66. Some of the lodging tax figures cover the expenses of operating James Oates Park, the newest of Dothan Leisure Services’ major facilities.