July 2012 Monthly Tax Breakdown Comparison
City of Prattville, Alabama
Tax Breakdown Comparison
July 2012
These are the unaudited revenue figures for July (June sales):
July 2012 (w/ sales tax increase)
Taxes 1,919,224.21
Rebates ‐83,697.42
Net Tax 1,835,526.79
July 2012 (w/o sales tax increase)
Taxes 1,437,004.43
Rebates ‐74,093.33
Net Tax 1,362,911.10
July 2011 (w/ sales tax increase)
Taxes 1,977,286.93
Rebates ‐85,033.79
Net Tax 1,892,253.14
July 2011 (w/o sales tax increase)
Taxes 1,482,001.33
Rebates ‐76,009.76
Net Tax 1,405,991.57
There was a decrease in gross taxes of $58,062.72 or 2.94%.
There was a decrease in gross taxes w/o the sales tax increase of $44,996.90 or 3.04%.
There was a decrease in net taxes (with the rebates taken out) of $56,726.35 or 3.00%.
There was a decrease in net taxes (with the rebates taken out) w/o the sales tax increase of $43,080.47
or 3.06%.
This month the sales tax increase generated an additional $482,219.78.
Thus far the sales tax increase has generated an additional $6,597,803.49.
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 $7,840,978.78 towards Debt Service.