Commerce Sees Increase In Sales Tax, Property Tax Revenue In '19-'20 Despite Coronavirus
Commerce Mayor Wyman Williams says the City Council received a report from Acting City Manager Ned Muse that the city actually saw an increase in sales-tax and property tax revenue during the 2019-20 fiscal year, just ended, despite the coronavirus lockdowns. One reason is a new state law that allows cities to receive sales taxes from online purchases.
The council this week adopted the budget for 2020-21, which includes a pay increase for city employees. A public hearing on the proposed tax rate will take place via Zoom at 6 p.m. Friday. The mayor says the tax rate is expected to remain the same for the 12th year in a row.