| 7/29/2010 | County sales tax revenues up eight percent |
|
The
two towns, however, experience
declines So far this year, the county has received $197,298.95 in
sales tax proceeds, as compared to $183,360.65 during the same timeframe in
2009. That’s a $13,938.30 or nearly eight percent increase. In Silver Cliff, sales tax dollars received so far this
year total $36,515.64 as compared to $39,637.08 during the same time period in
2009. The $3,121.44 decline equates to a nearly eight percent decrease. In the town of Westcliffe, sales tax dollars so far this
year total $88,995.33 as compared to $94,083.49 this time last year, which
equates to a slightly less than 5.5 percent or $5,088.33 reduction. Since the state is usually some two months behind in
remitting sales tax dollars to government entities, the sales tax dollars
received echo January to May proceeds, therefore, they do not reflect the
busier summer tourist months. Sales tax dollars for the two towns and county come from
various retail businesses such as grocery stores, gas stations, gift shops,
restaurants and hotels. Sales tax dollars also come from the purchase of new
vehicles and other sources. The county does not collect sales tax dollars on
consumer heating fuels and certain agricultural products, however, the two
towns do. The town of Of the 6.9 percent in sales tax dollars collected
locally, 2.9 percent goes to the state, and the two towns and county collect
two percent each. – |