Tax collections continue to outpace last year

Sales tax collections in Mesa County continue to outpace last year, an encouraging measure of increasing retail activity.

Tax collections for Mesa County and the City of Grand Junction reported in April exceed the same month last year. Collections reported through the first four months of 2012 also top the same span in 2011.

The county reported collecting a total of more than $2.3 million in sales taxes for its capital improvement and general funds in April. The county collected another $881,000 in sales taxes it distributed to cities and towns in the county, including Grand Junction.

Those figures constitute an 8.3 percent increase over the numbers reported in April 2011.

For the first four months of 2012, the county reported collecting a total of more than $9 million in sales taxes for its capital improvement and general funds. The county collected another $3.4 million in taxes it distributed to cities and towns.

Those numbers represent an increase of more than 9.6 percent over collections reported for the same span in 2011.

Since tax reports lag a month behind collections, April reports reflect March sales. Reports for the first four months of the year reflect sales between December and March.

The trend so far in 2012 in Mesa County extends a rebound in sales tax collections that followed declines in 2010 and 2009. Annual sales tax revenues rose nearly 7 percent in 2011 after falling 6.4 percent in 2010 and almost 21 percent in 2009.

Meanwhile, the City of Grand Junction reported collecting more than $4.2 million in sales and use taxes for April 2012. That’s a 5 percent jump over collections reported for April 2011.

Year-to-date sales and use tax collections totalled nearly $16.7 million, a 4.4 percent increase over collections reported for the first four monhs of 2011.

The City of Grand Junction has experienced year-over-year growth in sales and use tax revenues since mid-2010. That follows what was in 2009 and the first half of 2010 the worst drop in tax revenues for the city in 25 years.

 

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 May 18 2012. 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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