City’s July 2008 Tax Payment 14% Lower than July 2007

The City of Atlanta just received the July 2008 sales tax payment in the amount of $8,334,041.43.The sales tax payment for July 2007 was $9,682,507.41. This is a decrease of 14% from last year. Because this is such a large decrease, it will cause us to monitor our sales tax revenues closely and be even more conservative with our financial planning.