EDC reviews year-end sales tax numbers

By Bob Buckel | Published Wednesday, December 26, 2012

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The Decatur Economic Development Corporation (EDC) held its final meeting of the year last Thursday and reviewed a few glowing reports before adjourning for lunch.

City Manager Brett Shannon went over the sales tax report, noting that for the calendar year, 2012 was the city’s best sales-tax year ever.

“Prior to this year, 2008 was the highest,” in sales tax collections, he said. “I went all the way back into the ’90s, and it looks like 2012 is going to be the highest total ever.”

Decatur’s 1.5-cent sales tax brought in $3,898,718 for 2012. That was only 1.6 percent better than the previous year, but collections for December were up more than 15 percent compared to last year.

The EDC gets a half-cent of that total, with the other cent going to the city’s general fund.

Shannon also reviewed the status of the EDC’s bank accounts and gave a report on the Civic Center’s finances – both positive.

EDC Executive Director Jody Adams answered questions from directors on a few expense items, noting that the travel and training portion of the budget incurred its biggest expense in November due to a once-a-year trip to an exposition that showcases the Decatur community.

A healthy chunk of the year’s capital budget has also been expended with the purchase of a new copier, but that too was planned, as was the “13th month” of salaries expended in December for employee bonuses.

Adams noted that H2X, the hydro-excavating company which is moving its national headquarters to Decatur from Colorado, should be getting its first check this week for $100,000 in incentive funds. The company documented the 12 employees in its Decatur office and has registered 20 of its trucks in the city, with more to come.

The rest of the incentive, another $100,000, will be payable when the company gets a certificate of occupancy for its new building in northeast Decatur.

Adams also said the EDC’s annual Business Appreciation Dinner will be held Feb. 19, with Brian Kelsey of Civic Analytics scheduled to speak. The event is used as a way for the EDC to show its gratitude to Decatur businesses for their support throughout the year.

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