May tax revenues bolster Dothan’s budget surplus

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May tax revenues bolster Dothan’s budget surplus
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May sales tax collections place Dothan nearly $10 million above budget projections, according to data in the latest tax reports.

Two-thirds of the way through its budget year, the city has collected $56.75 million in sales and use tax revenue, about 8.4 percent above this time last year. Sales and use tax revenue is the dominant income stream for the city’s government.

In May, businesses submitted $7.29 million in sales tax dollars to city coffers. The amount is nearly $600,000 more than the city recorded the previous May and about $1.269 million more than officials projected in the city’s budget.

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