Montgomery, AL (WSFA) - The numbers are in, and they are not good for Montgomery's economy.
WSFA 12 News has confirmed November sales tax collections are off significantly. The city finance director says the results show the biggest drop in sales tax revenues in quite some time.
The November report shows October numbers. The city collected 6.7 million dollars that month, compared to 7.4 million this same time last year. That is a 9.4% drop in just one year, and we should mention, last year was also down by about 1.5 percent.
There is no clear reason as to why. The main theories are the economy, of course and more retail options outside Montgomery, like Prattville. City officials say they're optimistic about next month's receipts, which include Black Friday receipts.