What's Happening?
The City of Trenton has reported gains in tax revenue for the first seven months of its fiscal year. Combined sales and use tax revenue rose by nearly $50,000, reflecting steady consumer activity and increased
online purchases. Sales tax receipts increased by almost $44,000, while use tax income grew by nearly $5,800 compared to the previous year. The city saw revenue increases across all categories, including general purposes, parks, transportation, capital projects, and fire department needs.
Why It's Important?
The increase in tax revenue indicates a healthy economic environment in Trenton, driven by consumer spending and online shopping. This growth supports various city projects and services, including infrastructure, parks, and emergency services. The rise in use tax revenue highlights the impact of e-commerce on local economies, as goods purchased from out-of-state vendors contribute to city funds.
