Sales tax collections continue to outpace 2010

Sales and use tax collections, a key indicator of retail activity, continue to come in ahead of last year in Mesa County, the latest government reports confirm.

The City of Grand Junction reported collecting a total of more than

$4.3 million in sales and use taxes in October, an increase of more than 4.2 percent over the same month last year.

Mesa County reported collecting a total of more than $2.2 million in sales taxes for its capital improvement and general funds, up nearly

4.7 percent from October 2010. The county collected an additional

$852,588 in sales taxes it distributed to cities and towns in the county, including Grand Junction. That number is similarly up almost

4.7 percent from last year.

Since tax reports lag a month behind, October reports reflect September sales.

For reports covering the first nine months of 2011, the City of Grand Junction collected a total of nearly $41 million, an increase of 8.4 percent from the same span in 2010.

Mesa County collected a total of nearly $21.8 million in sales taxes for its capital improvement and general funds during the first nine months of 2011. That total comes in at 8.5 percent ahead of the same span in 2010.

Mesa County collected an additional $8.3 million in sales taxes it distributed to cities and towns in the county, also about 8.5 percent ahead of last year.

 

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 Nov 17 2011. Filed under Business News, Trends. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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