Boone County seeks new tax to stem losses from online sales

1 year 1 month 5 days ago Thursday, September 14 2017 Sep 14, 2017 Thursday, September 14, 2017 3:28:00 PM CDT September 14, 2017 in News
By: Maia McDonald, KOMU 8 Reporter
loading

COLUMBIA - Boone County is feeling the pinch in revenue lost to online sales and how to deal with that was on the agenda Thursday as officials met with city leaders from Ashland, Harrisburg and Columbia.

Sales tax growth may not meet the required numbers for the 2018 budget, and commission member Fred Parry said Boone County is currently in a tough spot.

"It presents a lot of challenges because, as our community continues to grow, but our sales tax continues to shrink, it kind of presents a tough challenge for us in the areas of law enforcement, street maintenance, being able to keep providing the basic services that our citizens expect."

Parry said the Boone County budget isn't as big as the City of Columbia's, which means it tends to rely on particular sources of revenue. 

"We are unfortunately very reliant on sales tax revenues to help county government function," Parry said. "The share of our property taxes in this community go to our school district and so we don't have access to property taxes like counties and other communities do."

Parry said online shopping is cutting into local sales tax revenue. 

He also says the commission monitors sales tax growth throughout the year and typically uses reserve funds to cover any shortfalls. The commission hopes to add some cushion for the budget by proposing a possible use tax, which collects sales tax from out-of-state retailers.

Parry said, while some consumers may not be happy with the use tax, it will help compensate for losses to online stores.

"It's only fair that they should be able to level the playing field against online retailers who don't really have the same burden to pay taxes as our local brick-and-mortar retailers do."

According to Parry, Amazon is responsible for about 43 percent of online sales in Missouri. If Boone County residents vote to pass the measure in November, when it will be on the ballot, the county will be able to start collecting tax on that revenue. 

Parry said, if passed, the use tax could generate up to $900,000.

The 2018 Boone County budget is scheduled to finalized in April. 

More News

Grid
List
COLUMBIA - One person was killed in a crash late Saturday night off Blackfoot Road and Parkside Drive, police said.... More >>
6 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 12:47:00 AM CDT October 21, 2018 in News
HERMANN - One person was killed and several people were injured in a crash involving a trolley, according to the... More >>
7 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 11:57:00 PM CDT October 20, 2018 in News
(CNN) -- President Donald Trump announced Saturday that the US is pulling out of the landmark Intermediate-Range Nuclear Forces Treaty... More >>
13 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 5:11:00 PM CDT October 20, 2018 in News
COLUMBIA – Nineteen members of Missouri Task Force One returned to Boone County Fire Protection District headquarters Saturday morning after... More >>
15 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 3:16:00 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A man has been criminally charged days after a woman's body was found near Fellows Lake at... More >>
17 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:58:08 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A Springfield woman who killed her live-in boyfriend with a crowbar in 2017 has been sentenced to... More >>
17 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:48:36 PM CDT October 20, 2018 in News
ST. LOUIS (AP) — A restored St. Louis prairie of native grasses and flowers is in bloom, but the nature... More >>
22 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 8:50:24 AM CDT October 20, 2018 in News
COLUMBIA - Sen. Claire McCaskill spoke about health care in Columbia on Friday at Laborers Local 955, as part of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 7:35:00 PM CDT October 19, 2018 in News
COLUMBIA - After realizing the underrepresentation of Hispanic business owners in mid-Missouri, three Hispanic professionals established a group of 12... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:49:00 PM CDT October 19, 2018 in News
COLUMBIA - This is the last week of the regular season and it's a cold one. Our game of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:20:00 PM CDT October 19, 2018 in Friday Night Fever
COLUMBIA - Two Midwest companies issued separate food recalls this week for bacterial contamination concerns. Hy-Vee said its supplier,... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 4:53:00 PM CDT October 19, 2018 in News
CAMDEN (AP) — Toxicology tests show that a boater was drunk when he slammed into a bluff at Missouri's Lake... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:41:35 PM CDT October 19, 2018 in News
COLUMBIA - The Legion of Black Collegians and the FourFront Marginalized Student Council held a solidarity walk Friday to show... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:39:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - The Missouri State Medical Association (MSMA), along with multiple medical associations, reaffirmed their opposition to the three... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:50:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - For the fourth consecutive year, Project Homeless Connect provided services Friday for people who are experiencing homelessness... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:39:00 PM CDT October 19, 2018 in News
DES MOINES, Iowa (AP) — The Mega Millions jackpot has soared to an estimated $1 billion, as the second-largest lottery... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 12:10:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - Police want the public's help finding a man who allegedly ran from a traffic stop after hurting... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 11:42:00 AM CDT October 19, 2018 in News
COLUMBIA - Two MU residence halls and an atrium were officially dedicated on Friday honoring three former MU students. Lucile... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 10:09:00 AM CDT October 19, 2018 in News
Columbia, MO
Broken Clouds 33°
7am 31°
8am 34°
9am 37°
10am 43°