Both Lake Ozark and Osage Beach saw increases in the amount of sales tax collected in 2017, with each city collecting a record amount.

Both Lake Ozark and Osage Beach saw increases in the amount of sales tax collected in 2017, with each city collecting a record amount.

It should be noted that local sales tax is received by the cities in the second month after purchases are made by consumers. For example, purchases made in January by consumers are reported and paid to the state by businesses in February and received by the cities as sales tax in March.

Lake Ozark collected 1.58 percent more in 2017 than 2016, up $17,579. Total sales tax received for 2017 was $1,136,100. That compares to $1,118,521 for 2016.

City Administrator Dave Van Dee said he was pleased with how the city finished since receipts for December were less than projected based on 2016 numbers. The city was able to absorb the decline in sales tax because other revenue sources were higher than anticipated.

Sales tax received in December were $136,307 compared to $146,082, a drop of $9,775 from December 2016. Van Dee said the city has adjusted its fiscal year 2018 proposed sales tax revenues to reflect a projected 1 to 1.5 percent increase.

Sales tax receipts from 2014 to 2015 were up 6.9 percent, and from 2015-2016 were up 5.9 percent.

Lake Ozark has seen a steady increase in sales tax receipts since the Great Recession. Sales tax rose 55.37 percent from 2012-2017.

Osage Beach

Osage Beach received 5.6 percent more in sales tax in 2017 than in 2016, up $259,537 from the previous year.

Total sales tax received for Osage Beach in 2017 was $4,859,082 compared to $4,599,545 in 2016.

The 2017 sales tax was 1.2 percent more than was budgeted.

Like Van Dee, Administrator Jeana Woods is happy the year finished ahead of 2016. She projects a 2.1 percent increase for the 2018 budget at $4.9 million.

Osage Beach also has seen a steady increase since the Recession, seeing an increase in sales tax of 11.8 percent.

Unlike Lake Ozark, Osage Beach saw a huge jump in sales tax received in December from $376,522 in 2016 to $526,266 in 2017 -- a 39.8 percent increase.