June 2012 Monthly Tax Breakdown ComparisonCity of Prattville, Alabama
Tax Breakdown Comparison
June 2012
These are the unaudited revenue figures for June (May sales):
June 2012 (w/ sales tax increase)
Taxes 1,802,928.85
Rebates ‐68,146.23
Net Tax 1,734,782.62
June 2012 (w/o sales tax increase)
Taxes 1,357,916.79
Rebates ‐59,116.10
Net Tax 1,298,800.69
For comparison purposes only. NOTE: June 2011 was the first month that the sales tax increase was
received so the comparison is “like” months from now until the tax rate changes.
June 2011 (w/ sales tax increase)
Taxes 1,824,158.67
Rebates ‐62,862.96
Net Tax 1,761,295.71
June 2011 (w/o sales tax increase)
Taxes 1,391,722.82
Rebates ‐54,354.25
Net Tax 1,337,368.57
There was a decrease in gross taxes of $21,229.82 or 1.16%.
There was a decrease in gross taxes w/o the sales tax increase of $33,806.03 or 2.43%.
There was a decrease in net taxes (with the rebates taken out) of $26,513.09 or 1.51%.
There was a decrease in net taxes (with the rebates taken out) w/o the sales tax increase of $38,567.88
or 2.88%.
This month the sales tax increase generated an additional $445,012.06.
Thus far the sales tax increase has generated an additional $6,115,583.71.
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 $7,340,978.78 towards Debt Service.