Grand Valley sales tax collections on the rise

Sales tax collections, a key indicator of retail activity, continue to increase in the Grand Valley.

The City of Grand Junction reported a 2.7 percent increase in collections in May compared to the same month last year. The proportional increase was even larger at
9.3 percent for Mesa County. May collections reflect April sales.

Use and lodging tax collections also increased.

The city collected a total of more than $4.5 million in sales and use tax collections. That’s an increase of 4.5 percent over levels a year ago.

Through the first five months of 2018, the city collected a total of more than
$22.7 million in sales and use taxes. That’s an increase of more than $1.8 million and 8.7 percent over the same span in 2017.

Year-to-date city sales tax collections rose nearly $1.4 million or 7.8 percent. Use tax collections edged up $1.634 or three-tenths of a percent.

The city initially budgeted for a 1 percent increase in sales tax collections during 2018.

Mesa County collected a total of more than $3 million in sales and use taxes in May, an 11 percent increase over what was collected during the same month last year.

Sales tax collections rose $233,282. Use tax collections, most from the sales of automobiles purchased outside the county and used inside the county, rose $67,563.

Tax collections from the retail sector increased 6.5 percent with increased sales of health and personal care items, clothing and sporting goods. Collections also increase on the sale of automobiles, construction materials and home improvement merchandise.

Proportionally, tax collections climbed 176 percent on the oil and natural gas sector, but fell 51.6 percent in telecommunications.

Through the first five months of 2018, Mesa County collected a total of nearly $14.4 million in sales and use taxes. Sales tax collections rose nearly $1.4 million or 11.8 percent. Use tax collections increased $246,519 or 23.3 percent.

Year-to-date sales tax collections rose 5.7 percent in the retail sector. Tax collections in other sectors increased 111.6 percent in oil and natural gas, 84.2 percent in utilities and
40.4 percent in transportation.

Mesa County initially budgeted for a 2 percent increase in sales tax collections for 2018.

City lodging tax collections, a measure of hotel and motel stays in Grand Junction, totaled $121,481 in May, an increase of $9,685 and 8.7 percent over the same month last year.

Through the first five months of 2018, lodging tax collections totaled $439,382. That’s a gain of $28,610 and 7 percent over the same span in 2017.

The Business Times has served as the definitive source for Grand Junction business news since 1994. The journal offers news, views and advice you can use twice each month in print with daily updates online at www.TheBusinessTimes.com
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