Wage, Earnings, and Net Profits Tax Collections

Continue to Grow Through February

BIRT and Real Estate-Related Tax Collections Fall Short of Last Year

Year-to-date collections through February showed increases in many major General Fund taxes. As shown in Table 2, revenues from wage, earnings, and net profits taxes increased 4.5 percent through February, and City sales taxes increased 12.3 percent. Table 1 indicates that through February, the City has collected 65.4 percent of projected wage, earnings, and net profits taxes, and 68.6 percent of projected City sales taxes.

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