Alabama city closes fiscal year with rise in sales tax
DOTHAN, Ala. (AP) — The final numbers are in and officials say the city of Dothan has experienced a 10.7% increase in sales tax revenue growth in the 2019 fiscal year.
Overall, the city collected $74.1 million from October 2018 through September 2019— an increase of almost $7.2 million more than the previous fiscal year. The figures beat officials’ budget projections by $11.9 million.
Strong sales in August bolstered remittances as business submitted more than $6 million in sales tax revenue in September. The tally represented an 11.1% increase over the same time frame in the 2018 fiscal year
The Dothan Eagle reports Hurricane Michael’s impact played a role in the overall gains. The Category 5 storm heavily damaged several communities in adjacent counties, causing multiple hotel stays and increased shopping in Dothan.
Information from: The Dothan Eagle, http://www.dothaneagle.com