Petersburg State Bank


City sales tax receipts up in March

May 25, 2010

Albion’s city sales tax receipts continued to rebound in March 2010, indicating improvement in the local economy.

March marked the fifth consecutive month of double digit increases in city sales tax receipts.

Total March receipts were $44,395, up 23 percent from the February 2010 total of $34,923 and 27 percent higher than the March 2009 total of $35,997.

For the first nine months of the 2009-10 fiscal year (July 2009 through March 2010), total city sales tax reciepts are $375,514, or just 1.5 percent behind the 2008-09 total of $381,234 for the same nine-month period.

Motor vehicle sales tax receipts also showed strength in March, with a total of $3,744 collected for the month. This total was up 42 percent compared to February 2010, and 45 percent higher than March 2009.