January, 2008 Earnings Tax Report

A monthly feature

Every month, John Hanrahan submits an Earnings Tax Report to council. Below is the summary information from the January report, which shows collections are off to a good start this year.

December Collections
Individual………..$99,401.02
Business………....$146,694.83
Withholding….$1,165,338.60
TOTAL………....$1,411,434.45

Collections thru January 2008.….………........$1,411,434.45
Collections thru January 2007.….……..…......$1,280,808.67
Increase in collections over 2007...10.20%…$ 130,625.78

Year end 2007
Net Collected 2007…….$15,397,382,38
Net Collected 2006.…….$13,532,186.61
Net Increase 2007:……..$ 1,865,195.77