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The Lake News Online
  • Sales tax revenues up in OB, LO

  • The cities of Lake Ozark and Osage Beach ended the year with increases in sales tax revenue from the previous year.
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  • The cities of Lake Ozark and Osage Beach ended the year with increases in sales tax revenue from the previous year.
    Lake Ozark fared better with general fund revenues of $922,422, or 26.15 percent more than 2012. However, when TIF sales tax is removed, the increase is falls to 6 percent. The Tax Increment Financing revenue is used to finance debt and infrastructure for The Shoppes at Eagles' Landing as per the TIF agreement between the city and RIS, Inc., which owns the shopping center.
    General fund TIF revenue for 2013 was $288,354, leaving $634,068 for the general fund.
    This year (2013) was the first full year for sales tax collections in Eagles' Landing.
    General fund sales tax revenue for the last several years (including TIF) is as follows:
    •2013 -- $922,422
    •2012 -- $731,205
    •2011 -- $555,436
    •2010 -- $525,663
    •2009 -- $523,185
    •2008 -- $588,161
    The city had increases in sales tax revenue in all but three months.
    Lake Ozark Aldermen approved a 2014 budget of $8.7 million at its regular meeting Dec. 10, including 3 percent raises for employees with limited exceptions based on anniversary date and performance evaluations.
    Osage Beach
    Osage Beach saw a 1.6 percent increase in general fund sales tax from 2012, collecting $4.41 million compared to $4.34 a year ago – including TIF revenue
    When TIF funds are removed, Osage Beach had a net sales tax revenue of $3.90 million, still an increase of 3.8 percent. This is the first year Osage Beach has collected both Prewitt's Point and Dierbergs TIF revenue, and the two totaled $510,000, which is used to support development in the two projects.
    General fund sales tax revenue for the last several years (including TIF) is as follows:
    •2013 -- $4.41 million
    •2012 -- $4.34 million
    •2011 -- $4.41 million
    •2010 -- $4.20 million
    •2009 -- $4.25 million
    •2008 -- $4.53 million
    Osage Beach is expected to give second-round approval of its budget Thursday night, including raises. City Administrator Nancy Viselli said if the budget is approved, employees receive raises based on performance and where the employee's pay falls within the pay plan matrix.
    Employees below the midpoint would receive raises from 2.5 to 5 percent based on performance; employees above the midpoint receive raises from 1.5 to 3.5 percent.

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