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Tax collections remain ahead of 2010 pace

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

The City of Grand Junction reported collecting a total of more than $4.4 million in sales and use taxes in September, an increase of nearly 5.4 percent over the same month last year.

Meanwhile, Mesa County reported collecting a total of more than $2.4 million in sales taxes for its capital improvement and general funds, up nearly 9.8 percent from September 2010.

Mesa County collected an additional $915,515 in sales taxes it distributed to cities and towns in the county, including Grand Junction. That number is similarly up 9.8 percent from last year.

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

For reports covering the first nine months of 2011, the City of Grand Junction collected a total of nearly $36.5 million, an increase of almost 9 percent from the same span in 2010.

Mesa County collected a total of more than $19.5 million in sales taxes for its capital improvement and general funds during the first nine months of 2011. That total comes in almost 9 percent ahead of the same span in 2010.

Mesa County collected an additional $7.4 million in sales taxes it distributed to cities and towns in the county, also about 9 percent ahead of last year.

The city assesses a 2.75 percent sales tax, with 0.75 percent allocated to capital construction projects.

Mesa County assesses a 2 percent sales tax. Of that, 1 percent goes into a capital fund used to pay for the construction of buildings, roads, bridges and other large projects. Of the remaining 1 percent, 0.45 percent goes into a county general fund used for operational expenses and 0.55 goes back to cities and towns in the county. Sales tax collections account for about 19 percent of county revenue.

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 Oct 26 2011. 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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