Monday, March 12, 2012

Richfield sales tax revenue up

At the end of the 2010-11 fiscal year, Richfield City saw an increase of 1.85 percent in collected sales tax revenue. The slight increase was seen as a hopeful sign that the local economy had reached the bottom of the business cycle. From July to December, Richfield City has collected $852,135 in sales tax revenue, which is up 8.56 percent from the previous year. The increase is $67,219 over the same period during the previous year. Richfield Reaper