Grand Valley sales tax collections trend upward

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

The City of Grand Junction reported a 6.9 percent increase in sales tax collections for June compared to the same month last year. The proportional increase was even larger at 8.8 percent for Mesa County.

Grand Junction lodging tax and Mesa County use tax collections also increased.

The city reported collecting a total of more than $4.7 million in sales and use taxes in June. That’s an increase of nearly $348,000 and 7.9 percent over levels of a year ago.

Through the first half of 2018, the city reported collecting a total of almost $27.5 million in sales and use taxes. That’s an increase of more than $2.1 million and 8.5 percent over the first half of 2017.

City sales tax collections rose more than $1.6 million or 7.6 percent. Use tax collections, a smaller and more volatile source of revenue that reflects activity in the construction and energy sectors, decreased $7,725 or 1 percent.

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

Mesa County collected a total of more than $3.1 million in sales and use taxes in June, an 8.8 percent increase over the same month last year.

Sales tax collections rose almost $255,000. Use tax collections, most from the sales of automobiles purchased outside the county but used in the county, rose more than $28,000.

County sales tax collections from the retail sector increased 6.6 percent with gains in nearly every category except sporting goods.

Outside the retail sector, sales tax collections increased on the sales of automobiles, construction materials and home improvement supplies. Proportionally, tax collections increased 50.9 percent in the oil and natural gas sector, but fell 17.4 percent in telecommunications.

Through the first half of 2018, Mesa County collected a total of more than $17.5 million in sales and use taxes. That’s up 12 percent from the first half of 2017. Sales tax collections rose more than $1.6 million or 11.3 percent. Use tax collections rose nearly $275,000 or 20.1 percent.

City lodging tax collections, a measure of hotel and motel stays, topped $184,000 in June. That’s an increase of $14,333 and 8.4 percent over the same month last year. For the first half of 2018, lodging tax collections exceeded $623,000. That’s an increase of almost $43,000 and 7.4 percent over the first half of 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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Posted by on Jul 10 2018. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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