West Point sales tax revenues were up slightly for the final quarter as well as the entirety of the 2013-14 fiscal year, according to the city’s sales tax revenue reports.
The city reported a total of $2,238,428.03 in sales tax collections for the year, up $128,098.15 from the $2,110,329.88 of the 2012-13 fiscal year. Overall, the city saw an increase of revenue each month, with the exception of last July.
It was welcome news, according to West Point Mayor Robbie Robinson. Though a refreshing sight, Robinson said he and the city’s board of selectmen would stay realistic about future numbers.
“We just finished with our budget,” Robinson said. “We’re certainly going to be conservative with our budgeting. We’re going to stick with the numbers as they are ... I hope they continue to trend upward. (The) actual increase was greatly needed in our general fund.”
Much of that increase came in the final quarter of the year, according to the report. The city saw $52,386.81 boost from revenues collected in the final quarter of the 2012-13 fiscal year. The most sizaable increase of the year came in May, with a $20,921.80 uptick from the previous May, for a total $201,939.60 this year.
Tourism tax revenues did not fair quite as well. According to the city’s tourism tax report, revenues fell to a total collection of $215,368.32 for the 2013-14 fiscal year, down $4,757.24 from the $220,125.56 collected in the 2012-13 fiscal year. Much of the decrease came in the beginning months of the year, falling each month through December. Revenues again began to climb in January, increasing steadily through May.