City of Dothan generates $10 million surplus in retail sales tax revenue
That is the additional amount of retail sales tax revenue the City of Dothan has taken in so far this fiscal year.
Dothan City Manager, Kevin Cowper, attributed this surplus to a strong economy, and the confidence that comes with a low unemployment rate.
Cowper said more people feel comfortable buying retail goods and services, and more people are staying in Dothan hotels, which is also generating bed tax revenue.
He said the increase is not just a bump, but a sustained trend over the last year.
And since there is no shortage of major projects the city has on the horizon, the money will be put to good use.
"We have lots of capital needs in particular that we're looking at for the city," said Cowper.
"The city council just authorized landfill construction. That's about a $6 million project all total," Cowper said.
Cower also mentioned the possibility of transportation, school facilities, public safety and quality of life projects, such as parks and recreation.
He said some of the $10 million will be used immediately, while the remaining portion will be used over the next year to six years.