Potential Sales Tax Loss Headlines Joint Meeting In Springfield
Photo: Image by MGN Online
Officials in Springfield and Greene County will meet Wednesday to discuss the potential impact of sales tax revenue legislation.
Gov. Jay Nixon made headlines when he announced that the Office of Administration's Division of Budget and Planning found that several measures passed by the General Assembly in May would reduce Springfield's sales tax collections by $10.7 million in 2015. Greene County, he said, could lose $7.4 million if the bills become law.
In a news release, Springfield City Manager Greg Burris expressed concern over Nixon's predictions. "None of the bills carried fiscal notes, and many did not have public hearings, so what we have to go on is the Governor's analysis, which relies on data from the Department of Revenue and the Budget Office - essentially assumptions based on every jurisdiction being affected on a pro-rata basis," Burris said.
According to the release, approximately 60 percent of revenue in Springfield's general fund comes from sales tax and use tax. Burris said the city also has a capital improvements sales tax, a transportation sales tax and public safety sales tax that funds the police-fire pension fund. Countywide sales taxes fund law enforcement, 911 Emergency Communications, parks for both the city and county, as well as county roads and other county services.
The Joint City-County Planning Task Force will meet at 8 a.m. Wednesday at the Greene County Archives and Election Center on North Boonville in Springfield.