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The Lake News Online
  • Retail sales on the upswing in Lake Ozark

  • After a dismal performance in August, retail sales in Lake Ozark have rebounded nicely to round out the first three quarters of 2013.
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  • After a dismal performance in August, retail sales in Lake Ozark have rebounded nicely to round out the first three quarters of 2013.
    City Administrator Dave Van Dee noted, however, that the numbers include sales tax revenues collected as part of the Shoppes at Eagles' Landing Tax Increment Financing (TIF) project. Most of the TIF revenue is allocated for debt retirement on the project and infrastructure costs.
    He also noted that sales tax revenue is actually from two months previous. In other words, the poor showing in August actually reflected sales in June.
    Regardless, the numbers are on the upswing for the city.
    Total sales tax receipts in the general/operating fund through Sept. 30 were $676,475 compared to $501,388 from the previous year. That's a 35 percent increase from a year ago.
    September's numbers (July sales) had a significant jump of 25.4 percent over the year before, increasing from $119,695 to $150,129 for this year.
    Lake Ozark showed increases in sales tax in every month during the first three quarters except August (June actual sales), which had a sharp decline of 17.1 percent. June was a cool, wet month with rainfall recorded nine days and cool temperatures through the first two weeks. The lake's water temperature didn't hit a tolerable 80 degrees until late in the month, according to Bagnell Dam Plant statistics.
    Lake Ozark has had double-digit increases in sales tax revenue every month to date.
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