Boulder's sales-tax receipts down 5.1%
Last Updated: 14:57 October 8, 2012
Boulder collected $6,532,755 in August, compared with the $6,885,348 I collected in August 2011, according to the report. The collection in August represents sales made in July.
Retail sales-tax receipts were down 0.5 percent in August, compared with the same month last year. Of the total, sales-tax receipts from eating places were down 3.7 percent in August and food-store receipts were up 5.9 percent for the same months. Receipts at eating places often are seen as a bellwether of the economy, since they're an indicator of consumers' disposable income.
Apparel sales-tax receipts were down 0.6 percent in August, the report said.
For the year to date, construction use-tax collection through the end of August was down by 22.1 percent compared with the same period in 2011. If Boulder Junction, a development planned on the northwest corner of 30th Street and Pearl Parkway, were included, construction use tax would be down by 1.39 percent, the report said. Boulder Junction is slated to include a hotel, stores, housing, an underground bus station and a parking garage.
Motor vehicle use-tax revenue was up 8.68 percent for August. New-vehicle tax revenue comes to the city based on whether the vehicle owners live in Boulder, not where vehicles are purchased, the report said.
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