Tax revenue up in Joplin; will it continue?

Last week new members of the Joplin city council were sworn in; tonight, they’ll get an update on the city’s finances. KRPS’s Fred Fletcher-Fierro has more.

Photo by Pixabay on Pexels.com

Tonight, during the informal portion of the Joplin city council meeting, new council members Kate Spencer, Dr. Mark Farnham, Josh DeTar, and the rest of the council will receive a presentation on the city’s finances. According to data available on the city’s website, the three new council members will join during a time of prosperity.

This month alone, city officials estimate that Joplin will bring in over 1.5 million dollars in sales tax revenue, an increase of 6.26% during the same period last year. The city is also experiencing a monthly increase in sale tax revenue from April 2021 to 2022 of over 15%. Sale tax revenue is being aided by continuing low employment, which according to the St. Louis Federal reserve, is around 3%, that’s down from a pandemic high of over 12.5% in April of 2020.

The informal portion of the Joplin city council meeting gets underway tonight at 5:15. For a video link to the meeting, visit krpsnews.com.

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