July 2011 Monthly Tax Breakdown ComparisonCity of Prattville, Alabama
Tax Breakdown Comparison
July 2011
These are the unaudited revenue figures for July (June sales):
July 2011 (w/ sales tax increase)
Taxes 1,977,286.93
Rebates ‐78,005.73
Net Tax 1,899,281.20
July 2011 (w/o sales tax increase)
Taxes 1,482,362.72
Rebates ‐75,332.21
Net Tax 1,407,030.51
For comparison purposes only, July 2010
Taxes 1,590,505.36
Rebates ‐66,576.65
Net Tax 1,523,928.71
There was an increase in gross taxes of $386,781.57 or 24.32%.
There was a decrease in gross taxes w/o the sales tax increase of $108,142.64 or 6.80%.
There was an increase in net taxes (with the rebates taken out) of $494,924.21. This money has been
placed in a separate account and is designated to pay down our debt service.
The $1 million bridge loan authorized by the City Council at the April 19,2011 City Council Meeting has
been paid back except for the last $300,000. This last installment is scheduled to be paid in the next 10
days.