County clerk calls situation 'bleak'
The slowdown in the national and local economies has resulted in a dramatic drop in revenue coming into Miller County coffers. The estimated decrease, said County Clerk Clayton Jenkins, is expected to be around $400,000. Sales tax is down about $326,000 from this time last year.
“This is a guess at best, but sales tax could be down as much as $400,000 by the end of the year compared to last year,” Jenkins said.
“In 2008, we had to repay some taxes because the Department of Revenue included the Ambulance District’s sales tax with the county’s. 2010 expectations are lower than 2009, and experts say it could be six years before the county will rebound with the same funds received in 2008.”
Jenkins said that the outlook for revenue in Miller county is bleak.
“I have been through this before, and with recessions in Miller County, we come out of the recession later than everyone else,” he said. “So the forecast isn’t good.”
The breakdown in revenue is as follows:
2007 Sales Tax Collected $1,567,191.73 Tax Rate .0355
2008 Sales Tax Collected $1,448,005.32 Tax Rate .0300
2009 Sales Tax Collected $1,130,688.22 Tax Rate .0300