The Daily Dunklin Democrat
Thursday, February 23, 2017
By: Steve Patton
Sales tax revenues are still a concern for the Kennett City Council. During Tuesday night’s meeting, Mayor Bob Hancock said the latest report on city revenue was more of the same. “The revenue stream continues a downward spiral, as we’ve experienced the last several months. I appreciate the efforts of each department head keeping the city on budget . . . Hopefully as the new administration gets settled in, the economy will pick up, and we’ll see a end to this trend.”
Hancock expects work on the next fiscal year budget to begin soon.
A question about Amazon now paying Missouri sales tax led to a discussion on instituting a use tax in the city. City Attorney Terry McVey said the tax Amazon is now paying will not trickle down to Kennett because it is being collected as a use tax. “They are in the process somewhere down the road of building a distribution center in Hazelwood. Once they build that, then they’ll collect sales tax.”
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