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Sales tax starts 2016 by smashing records

By SCOTT SEITZ • Jan 26, 2016 at 5:00 PM

Huron County Auditor Roland Tkach continues to deliver positive financial news each month.

On Friday, Tkach released the newest batch of sales tax numbers which smashed prior records.

Tkach said $813,000 was collected in sales tax for October, which eclipsed the former record of $766,475 brought in during the same period the previous year.

The auditor has remained cautiously optimistic for a couple years, as sales tax breaks record month after month.

Big-box stores made up 25 percent of the sales tax total, while vehicle sales accounted for just 16 percent.

Tkach said he was a bit concerned about the vehicle sales. He likes to see that number close to 25 percent.

Liquor sales were up 5.23 percent compared to a year ago.

Tkach also released the latest casino fund figures Friday.

Huron County is set to receive $173,701 on Jan. 31 in the first of four casino fund payments.

“That’s 34 percent of the estimate for year,” Tkach said.

The total estimate for 2016 is $500,000.

A year ago, the county received $681,249 in casino funds.

Tkach said 2015 was the second year that all four casinos in Ohio have operated a full year. 

The $681,249 total for 2015 was down $27,197 or 3.83 percent from 2014.

“Going forward there may be more of a decline in the source of income due to the competition for gambling dollars within the state of Ohio,” Tkach said. 

“There are five racinos in full operation that is overseen by the Ohio Lottery Commission. Having nine facilities that are able to attract gamblers, the market in Ohio may be saturated making it difficult for this industry to grow revenue. The one bright spot in casino revenue for 2016 is the national political convention coming to Cleveland in July.”

Tkach also closely monitors local government funds.

“Local government funding from the state of Ohio in 2015 to the Huron County general fund was $453,405, up $24,844 or 5.8 percent,” he said. “In 2008, local government funds and tangible personal property tax revenue was $1.24 million, an overall reduction of 64 percent.”

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