The tax numbers for restaurant sales, compared to those of total sales tax revenue for the city of Iola tell an interesting story.
For restaurant sales, the numbers decreased by $1,463.77 from 2011 to 2012. For total sales tax revenue, the numbers increased by $16,356.59 over the two years. While these changes are relatively small, they show somewhat of an inverse relationship between the amount of business being done in the city, compared to how many people are eating at restaurants.
As for the monthly basis, the tax revenue showed very different trends from year-to-year.
The 2011 restaurant income trend showed a fairly steady rate across the board. April was the lowest income month at $6,923.76 and December was the highest at $9,559.25. The average change from month-to-month was $1,145.89.
As for 2012, the general trend for retail income on a monthly basis was a roller coaster ride. Numbers were low in the spring months, before spiking in the summer and dropping yet again in the fall. The highest income month for 2012 was $10,626 in June, and the lowest was September with $6,140.87. The average change from month-to-month was $1,1518.58.
Restaurant taxes show discrepancies
