February 2012 Monthly Tax Breakdown ComparisonCity of Prattville, Alabama
Tax Breakdown Comparison
February 2012
These are the unaudited revenue figures for February (January sales):
February 2012 (w/ sales tax increase)
Taxes 1,688,758.02
Rebates ‐56,040.06
Net Tax 1,632,717.96
February 2012 (w/o sales tax increase)
Taxes 1,261,414.05
Rebates ‐48,842.88
Net Tax 1,212,571.17
For comparison purposes only, February 2011
Taxes 1,210,662.63
Rebates ‐56,102.28
Net Tax 1,154,560.35
There was an increase in gross taxes of $478,095.39 or 39.49%.
There was an increase in gross taxes w/o the sales tax increase of $50,751.42 or 4.19%.
There was an increase in net taxes (with the rebates taken out) of $478,157.61 or 41.41%.
There was an increase in net taxes (with the rebates taken out) w/o the sales tax increase of $58,010.82
or 5.02%.
This month the sales tax increase generated an additional $427,343.97.
Thus far the sales tax increase has generated an additional $4,241,034.59.
In that same time (less one month as the transfers to the debt service reserve account are made one
month in arrears) the City has paid $4,806,325.03 towards Debt Service.