Before the month completely passes us by, I should take the time to say a few words about May’s sales tax collections. OK, so it wasn’t as much of a surplus as it has been for most of the year, but a surplus is still a surplus and recent history argues any surplus is something worth celebrating.
The city collected $7,651.87 more in sales taxes this month than it had forecast, which means, so far this fiscal year, sales tax revenues have exceeded projections seven out of the eight months. Last year at this time the city had four months of under projections and May of 2017 was the worst month of that fiscal year, up to that time, with a whopping deficit of $77,828.24. That’s a turnaround of $85,480.11 between the two Mays and you know what? Eight-five large this month, another 85-grand next month and, before you know it, you’re talking nice money here. According to the city’s latest Meet-and-Confer agreement, $85,223 is the base pay for a Kyle Police lieutenant with more than four years of service. You see where I’m going here.
And that turnaround came about with a modest 1 percent increase over projections. The only month to record a smaller increase this year was November when it was .68 percent ($4,796.88). Heck, for the year to date, the city is 3.51 percent ($173,404.99), or good enough for a pair of four-year lieutenants or eight police cadets. And we’ve still got four months to go.
May’s $774,627.87 in collections topped last year’s by a comfortable 11.42 percent ($79,388.11).
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