Archive for Thursday, November 11, 2004

Sales tax collections growing

November 11, 2004

— If sales tax receipts are a good indication of prosperity, Lansing's economy is doing well. The city's revenue from sales tax has increased $87,000 from this time last year, Lansing City Administrator Mike Smith said.

"I think our city is in great shape financially, and I expect the city to grow," Karen Logan, Lansing city clerk said.

The city's most recent numbers, those for October 2004, reflect an increase in sales tax revenue of about 10 percent, from about $68,000 in October 2003 to nearly $75,000 in 2004.

The year-to-date numbers show a growth as well. From January to October this year, Lansing's sales tax revenue increased from about $562,000 in 2003 to $648,000 in 2004. Total sales tax revenue from January to December 2003 was about $686,000.

Smith said he expects this year's totals to be nearly $300,000 more than last year's.

"There are a lot of positive things going on," Smith said, adding that the city had been approving numerous retail and commercial plots, that there were nearly 600 platted lots, and there was a record-setting number of houses being built.

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