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Fort Smith Times Record
City officials are looking into why sales taxes in Fort Smith were higher than anticipated for all but the first two months of COVID-19 s onset.
Sales taxes collected in May 2020 through March 2021 have consistently outpaced monthly totals for the year before. In 2020, the revenues resulted in roughly $1.8 million more from the three city sales taxes than in 2019.
The total sales taxes, which include a 1.25% county sales tax, were more than $1 million above budget, according to City Administrator Carl Geffken. Has it become part of the underlying amount of sales tax we’re going to receive, or is there an issue, a topic, an item something that’s going to make all of this sales tax revenue that we’re not anticipating to come in, is it going to make it a one-off? said Geffken.