September 2012 Monthly Tax Breakdown ComparisonCity of Prattville, Alabama
Tax Breakdown Comparison
September 2012
These are the unaudited revenue figures for September (August sales):
September 2012 (w/ sales tax increase)
Taxes 1,824,570.95
Rebates ‐69,842.04
Net Tax 1,754,728.91
September 2012 (w/o sales tax increase)
Taxes 1,374,643.19
Rebates ‐60,670.30
Net Tax 1,313,972.89
September 2011 (w/ sales tax increase)
Taxes 1,759,248.61
Rebates ‐68,439.16
Net Tax 1,690,809.45
September 2011 (w/o sales tax increase)
Taxes 1,330,759.61
Rebates ‐60,675.36
Net Tax 1,270,684.25
There was an increase in gross taxes of $65,322.34 or 3.71%.
There was an increase in gross taxes w/o the sales tax increase of $43,883.58 or 3.30%.
There was an increase in net taxes (with the rebates taken out) of $63,919.46 or 3.78%.
There was an increase in net taxes (with the rebates taken out) w/o the sales tax increase of $43,288.64
or 3.41%.
This month the sales tax increase generated an additional $449,927.76.
Thus far the sales tax increase has generated an additional $7,476,218.27.
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 $8,840,978.78 towards Debt Service.