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The original item was published from 1/17/2023 10:03:12 AM to 1/17/2023 10:09:05 AM.

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Posted on: January 17, 2023

[ARCHIVED] El Dorado sales tax sets new record surpassing $3 million

1-4-23 Sales Tax - December 2022

The City set a new record in sales tax collections in 2022, receiving a total of $3,183,395. This is 7 percent higher than the sales tax El Dorado received last year from its one-cent sales tax.

This also is the first time El Dorado has exceeded the $3 million mark. Previous years have totaled $2,974,496 in 2021; $2,683,572 in 2020; $2,825,900 in 2019; and $2,974,496 in 2018.

The one-cent sales tax has been approved by voters every five years since 1989. The tax has several purposes, including $1,650,000 for property tax reduction each year, $600,000 for street rehabilitation and $100,000 for economic development. Anything in excess of those amounts is used for capital projects.

“We thank everyone for shopping local,” said City Manager David Dillner. 

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