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Friday, May 3, 2024

TAX MONEY 06-11-20

Credit: WCBI
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TAX MONEY 06-11-20
TAX MONEY 06-11-20

Cash registers are ringing up merchandise again, and that means sales tax collections should begin to climb.

With us tonight..

As the state continues to re- open, cash registers are ringing up merchandise again, and that means sales tax collections should begin to climb..

That's big news in small towns where those dollars help keep the budgets balanced..

Our stephanie poole speaks to local city leaders about how reopening has helped them.

In a small town like bruce, every dollar counts.

Ward 5 alderwoman ellen shaw says when the covid-19 pandemic hit, her town began to experience an economic downfall..

" it's been really hard, that's been very difficult."

She says april and march showed some of the lowest numbers..

"you know the budget is one of those things that fluctuates a-lot and it takes awhile for it to even back out but i think that it will get back to where it needs to be."

She believes in order for bruce's city budget to bounce back, citizens need to spend their money closer to home..

" shopping local is very important for a small area because that does fund everything from streets to any kind of sewer improvements and it's very important for all the infrastructure."

Shaw says with stores re-opening, the sales tax totals should start to climb again..

" it's been great for the economy, i think it's given people confidence to get back out and shop and get in their local areas and get back involved again."

And hopefully, businesses in bruce will continue to grow.

" i do think it's gives people hope for the future and i just think seeing people out and be involved gives hope to start something new and to be back involved."

Reporting in calhoun county, stephanie poole, wcbi news.

Shaw says it may take until the end of the year for sales tax collections to return to normal.

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