Local option tax revenues surge
MANCHESTER >> The Town of Manchester has announced stronger than expected local option tax revenues for the 4th quarter of 2015. Both the local option sales tax revenues and meals, rooms and alcohol receipts are stronger than the same quarter in 2014, evidence that the local economy is rebounding from the recession, according to the town office.
Fourth quarter local option sales tax revenues increased 6.5 percent (or $12,580) between 2014 and 2015. This represents the strongest 4th quarter since 2007.
At the same time, local option taxes related to meals, rooms and alcohol increased 5.9 percent (or $5,243.30) from 2014 to 2015. This represents the strongest 4th quarter on record.
Fourth Quarter 2015 Local Option Sales Tax Revenues were $206,691.56, while 4th Quarter 2014 Local Option Sales Tax Revenues were $194,111.56.
Fourth Quarter 2015 Local Option Meals/Room/Alcohol Revenues were $93,747.51, compared with fourth Quarter 2014 Local Option Meals/Room/Alcohol Revenues of $88,504.21.
For more information, call Pauline Moore at 362-1373.
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