Mount Olive will experience another $1 million windfall in state sales tax reimbursement for the third consecutive year.
The 2021 reimbursement totaled $1,189,041.18.
“We are more than appreciative to the people of Mount Olive,” said town finance officer Geoffrey Merritt. “And also want them to know that their money is not just sitting in the town’s general fund. It is being used to fund services to them that the town provides.”
The town operates on a July-June fiscal basis, but the reimbursement is based on the calendar year, which starts Jan. 1.
Jammie Royall, town manager, echoed Merritt’s observations.
“It is their money and is being returned to them the best way we know how,” Royall said.
He said sales tax reimbursement revenue is one of the town’s biggest sources of operating revenue.
The following is a month-by-month 2021 breakdown of the sales tax revenue: January, $91,355.99; February, $93,496.65; March, $106,506.25; April, $91,564.50; May, $76,201.56; June, $112,911.16; July, $105,441.37; August, $102,163.66; September, $109.726.36; October, $108,634.91; November, $91,689.73; and December, $99,339.04.