December - 2009 Edition: Some information may be out of date.
Sales Tax update
October Sales Report, reflecting activity that occurred in September 2009. The next sales tax report will be released on December 21.
$5,594,997 an increase of 0.5% compared to October 2008. The October collections are $92,466 higher than the amount expected according to the sales tax seasonal patterns. The City received a one-time sales tax payment of approximately $131,000 in October 2008 from a taxpayer in the Home Furnishings & Consumer Electronics category, in addition, the City received a sales tax payment of approximately $427,000 in October 2009 from a taxpayer in the Building & Construction category. After these one-time payments are deducted, total sales tax collections for October 2009 would be down 4.9% and the year to date sales tax collections would be down 4.8%.
At the national level, September retail sales, reported in October, declined 6.4% compared to the increase in Fort Collins’ sales of 0.5%.
$761,046 in October. Collections decreased 8.4% compared to October 2008. The City is behind budget projections for the month by $98,316 when compared to historical data.
Receipts decreased 22.7%
Residential Permits pulled:
72 remodels, 15 new construction. In Oct. 2008, there were 53 remodels, 37 new construction.
Commercial Permits pulled:
19 remodels, 0 new construction permits. The same numbers occurred in Oct. 2008, there were 19 remodels, 0 new construction permits.