Manhattan property tax revenue through the end of 2021 lagged below 2020’s figures, though sales tax collections brought the city into the positive at the year’s end.
The City Manager’s Monthly Report was released Friday, reporting a snapshot of the city’s finances and operations as of December 31.
Property tax revenue collections came in at $3,861,696, slightly below 2020’s collection of $3,869,182. That slight drop-off was more than surpassed through increased revenue from sales tax, online sales and franchise fees.
Sales tax revenue was reported at $11,467,993, up more than a million dollars from 2020’s figure of $10,279,639. Online sales tax, or compensating use, collections came in at $1,752,099; that’s up from $1,488,788 reported in 2020. Franchise tax revenue also raised from $2,856,960 to $3,086,653.
The increase in sales and compensating use tax revenue was reflected in collections from both Riley and Pottawatomie County taxpayers in Manhattan. Manhattan also reported a checking account balance of $101 million, up from a $67 million figure from the end of 2020.
Building permit fees are also up in comparison with 2020. Last year, a collection of $273,061 was reported. In 2021, building permit fees brough in $339,715. A significant amount of increase was realized in Blue Township specifically. Collections raised from $86,719 reported for 2020 to a $156,113 figure reported for 2021.
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