Fort Smith sales tax revenues ahead of 2013

FOR SMITH, Ark. (AP) - Fort Smith's latest sales-tax report shows revenues in July continued an upward trend over 2013 while missing budget estimates by about 1 percent.A report released by the Fort Smith Finance Department indicates revenues hit $3.26 million, which was 1.26 percent more than last July and 1.15 percent, or about $38,000, below budget estimates for the month.The Fort Smith Times Record reports ( ) that factoring in the newest figures from the city's 1 percent street tax and 1 percent tax for bonds, the city's 2014 revenues are at $23.3 million. While this year's total is up over the same period in 2013, it trails the 2014 budget estimate by about $195,500.June saw revenues 4.7 percent higher than the previous year and 12 percent more than the budget estimates.___Information from: Southwest Times Record, 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)8/30/2014 12:35:20 PM (GMT -5:00)