Sales tax revenue starting to bounce back - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Sales tax revenue starting to bounce back

Posted: Updated:

YAKIMA, Wash.-- Things are starting to look up for the City of Yakima and it's struggling finances. Recently released numbers from the finance and budget department show steady growth for the city's sales tax revenue.

This past May, the city's sales tax revenue grew by more than $40,000 compared to May 2011. A pretty good increase when you look at the dramatic drop the city had to deal with about three years ago.

In fact, in 2009, the city collected about one-million dollars less than just one year before, a huge hit to the general fund which sales tax revenue goes into.

Since the big drop, sales tax has stayed pretty flat, but now with this year's growth things might be looking up for the city.

"It's a step in the right direction. And it may ease some of the concern to get 2013 balanced as we go forward," said Cindy Epperson, director of finance and budget.

Epperson says the increase not only means good things for the city's finances but also for local businesses. The change shows people are out spending more money helping the economy bounce back.

May's increase puts the city almost $150,000 ahead of 2011, and so far, June is also ahead of last year too.

HD DOPPLER 6i
/