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MCEDA REPORT: Madison County May Tax Diversions

MCEDA Reports: Below are the tax diversions for the month of May. As a reminder, these are sales tax figures collected in March – reported to DOR in April – and diversions received to the municipalities in May. The municipalities of Canton and Flora saw a positive increase in the month of May as compared to May 2019. From a YTD perspective, the city of Madison is seeing a growth, while the other municipalities are close to where they were last year. As a whole, Madison County is steady at 0.32% growth YTD. I expect for next month’s figures to start showing the effects of COVID19.

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