While Sheridan’s sales and use tax revenues have continued to grow this year, those gains are increasingly dependent on internet, rather than local, sales, according to a presentation City Treasurer Karen Burtis delivered this week.
The city’s internet sales tax returns have grown by 157% in 2019 over last year, year-to-date, which equals about $100,000 in additional revenue.
Burtis’s presentation also showed internet sales tax revenues in July — sales and use tax reports are always two months in arrears — were up 236% over July 2018, an increase of just more than $50,000.
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September 20, 2019