Petersburg State Bank

City sales tax revenue strong in December 2009

February 23, 2010

Albion city sales tax revenue increased in December 2009 for the second consecutive month.

Total receipts were $59,947, for an increase of 13 percent over the December 2008 total of $53,127, and up 61.5 percent over the November 2009 total of $37,125.

Sales tax revenue for the last six months of 2009 (July through December) totaled $257,433, and were down 9.3 percent from the 2008 July through December total of $283,827.

Motor vehicle sales tax receipts for December 2009 were also strong at $2,590. The total was up 16 percent from December 2008 but five percent below the total for November 2009.