October 2012 Monthly Tax Breakdown ComparisonCity of Prattville, Alabama
Tax Breakdown Comparison
October 2012
These are the unaudited revenue figures for October (September sales):
October 2012 (w/ sales tax increase)
Taxes 1,771,597.47
Rebates ‐67,488.87
Net Tax 1,704,108.60
October 2012 (w/o sales tax increase)
Taxes 1,325,903.57
Rebates ‐58,997.75
Net Tax 1,266,905.82
October 2011 (w/ sales tax increase)
Taxes 1,800,888.23
Rebates ‐68,016.06
Net Tax 1,723,872.17
October 2011 (w/o sales tax increase)
Taxes 1,349,371.32
Rebates ‐59,604.15
Net Tax 1,289,767.17
There was a decrease in gross taxes of $29,290.76 or 1.63%.
There was a decrease in gross taxes w/o the sales tax increase of $23,467.75 or 1.74%.
There was a decrease in net taxes (with the rebates taken out) of $28,763.57 or 1.66%.
There was a decrease in net taxes (with the rebates taken out) w/o the sales tax increase of $22,861.35
or 1.77%.
This month the sales tax increase generated an additional $445,693.90.
Thus far the sales tax increase has generated an additional $7,921,912.17.
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 $9,290,978.78 towards Debt Service.