Boulder sales, use tax revenue gains
Last Updated: 15:43 November 19, 2012
Boulder collected $8,882,987 in October, compared with $8,809,664 collected in October 2011, according to the report. The collection in October represents sales made in September.
In Boulder, retail sales-tax collections were up 2.96 percent in October, compared with the same month last year. Of the total, sales-tax receipts from eating places were up 7.91 percent in October and food-store receipts were up 11.12 percent. Receipts at eating places are seen as an indicator of consumers’ disposable income.
Apparel sales-tax collection was up 7.01 percent in October, the report said.
The economy in Boulder appears to have stabilized somewhat and continues to expand at a very moderate pace, although the future remains uncertain, according to the report. Retail sales tax may weaken toward the end of the year, for example, according to the report.
For the year to date, construction use-tax collection through the end of October is down 23.92 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 6.83 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 is up 10.59 percent for the year to date. New-vehicle tax revenue comes to the city based on whether the vehicle owners live in Boulder, not where vehicles are purchased.
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