Grand Valley tax collections trend upward

Sales tax collections continue to rise in the Grand Valley, a reflection of increased retail activity.

The City of Grand Junction reported a 7.8 percent increase in sales and use tax collections for August compared to the same month last year. Mesa County reported an 7.5 percent year-over-year increase.

Meanwhile, Grand Junction lodging tax collections rose 9.4 percent on more hotel and motel stays.

Since reports lag a month behind, tax collections for August reflect sales and lodging activity in July.

Both the city and county numbers extend what’s been in upward trend in tax collections over the past three years.

The City of Grand Junction collected a total of more than $4.8 million in sales and use taxes in August. That’s an increase of more than $350,000 over the same month last year. Sales tax collections rose 11.6 percent, more than offsetting a 58.8 percent decline in use tax collections, a more volatile and far smaller source of revenue that reflects activity in the construction and energy sectors.

The latest numbers bring year-to-date sales and use tax collections for the city to almost $37.6 million. That’s an increase of nearly $3 million and 8.6 percent over the same eight-month span in 2017. Sales tax collections rose 8.3 percent, while use tax collections slipped 15.9 percent.

Mesa County collected a total of more than $3 million in sales and use taxes in August, an increase of nearly $216,000 over the same month last year. Sales tax collections rose 6.2 percent. Use tax collections, most on automobiles purchased outside the county but used in the county, jumped 20.7 percent.

Tax collections on retail sales increased 9.5 percent. Collections also increased on the sales of automobiles and construction and home improvement supplies.

Through August, Mesa County collected a total of nearly $24 million in sales and use taxes, a gain of almost $2.4 million and
11 percent. Sales tax collections increased 10.1 percent, while use tax collections rose 19.7 percent.

Year-to-date county tax collections on retail sales rose 7.2 percent. Tax collections increased on the sales of automobiles, construction and home improvement supplies and as well as in the oil and natural gas and transportation categories.

Grand Junction lodging tax collections totaled $169,645 in August. That’s a gain of $14,617 and 9.4 percent over the same month last year. Through the first eight months of 2018, lodging tax collections totaled $985,119. That’s an increase of $64,363 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
  • Connect With The Business Times Staff:
  • Facebook
Read More Articles by

Short URL: https://thebusinesstimes.com/?p=24974

Posted by on Sep 11 2018. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Post Your Thoughts Below

Sponsor

Past Articles

The Business Times Newspaper . 609 North Avenue Suite #2 . Grand Junction, CO 81501 . 970-424-5133
Log in