What are the Actual, Historic Amounts Collected by the BCC for our 1 Cent and 1/2 Cent Sales Taxes?

There were some inaccurate figures thrown out at last week's meeting whent the subject of sales tax swapped for MSBU was discussed.  Some lowball numbers were thrown out that didn's sound accurate.  I thought the half penny was generating and would generate a little over $30 Million annually.  Others thought the number was closer to $25 Million yearly.

So I turned to the school district's 1/2 penny sales tax chart and lo and behold it is clocking $32 Million.  

That's what it brought in last year, that's what the school board is budgeting it will bring in this year.

So I asked staff why their 1/2 penny was outperforming us by $7 Million yearly.  

Turns out, it isn't outperforming us--we just didn't have the right number.  So I requested historical actuals from staff and received the chart above.

Looks like the half penny is generating $32 million in the county as well as the school board--not $25 Million.  

In this economy right now--out 1 penny is collecting nearly $60 Million, and our half penny is north of $30 Million-------just as I originally thought and stated at the meeting.

Glad we got that one sorted out........