Sales Tax Update
August sales tax collections are based on retail sales made in July 2010.
Sales tax collections:
$5,186,133, an increase of 1.5 percent compared to August 2009. Year-to-date, the first eight months of 2010 have shown a slight increase in collections. As of August 2010 sales tax collections are up 2.2 percent compared to collections from January-August 2009.
Use tax collections:
$1,019,477, a decrease of 15.8 percent compared to August 2009. The use tax collections year-to-date are up 12.1 percent compared to collections for the first eight months of 2009.
July sales tax collections (as reported on August 13) increased 5.9 percent compared to Fort Collins’ increase of 1.5 percent.
Building permit collections:
decreased 20.1 percent in August.
Residential: 14, compared to 18 in August 2009. Residential remodels: 68 permits. In August 2009 there were 53 remodel permits.
Commercial: 1 permit for new construction, 36 for remodeling. In August 2009 zero permits were pulled for new construction, 18 permits for remodeling.
Sales tax licenses:
89 net new licenses were issued.