July 29, 2020·Ranson Financial·1 min read
The Merriam City Council on Monday evening heard the latest sales and use tax update for the month of May, when COVID-19 stay-at-home orders were still in place. Merriam’s report showed May sales taxes were down 20% overall, Finance Director Donna Oliver said. Despite being down 20%, Oliver said she thought it “was very good news” since city staff forecasted sales taxes to be down by 80% due to the shelter-in-place order. “That was quite a bit of a swing, that was good news,” Oliver said. “That disbursement made about a $500,000 difference on our ending fund balance.”

Source: Prairie Village PostRead the full story ↗

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