PROVIDENCE – Rhode Island collected $2.4 million in local 1 percent meal and beverage taxes in June, according to the R.I. Department of Revenue on Friday. Collections for the month were $94,071 lower than collections in June 2016, a 3.8 percent decline year over year.
The largest nominal uptick of local 1 percent meal and beverage tax collection was in Pawtucket, where revenue was $10,615 more than the previous year at a total of $84,560.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Newport reported the largest nominal decrease year over year, falling $54,376 to $225,770.
For reference, the total of Rhode Island’s three largest nominal decreases year over year for June, Newport ($54,376), Narragansett ($17,133) and Providence ($14,958), at $86,467 more than triples the $25,495 total of the top three nominal increases in collection: Pawtucket ($10,615), Coventry ($8,683) and Warren ($6,197).
Month-to-month 1 percent meal and beverage tax collection in June declined 14 percent, about $381,400, a significant difference from the month-to-month 3.5 percent increase in June 2016.
However, despite the decline for June, fiscal year-to-date collections of the 1 percent meal and beverage tax were 2.5 percent higher in June than in June 2016 at $26.3 million.
Chris Bergenheim is the PBN web editor.
