Sales Tax update

December sales tax collections, based on retail sales in November 2009.
The next sales tax report will be released on Feb. 22, 2010.

Sales Tax:

$4,978,292 a decrease of 0.4% compared to December 2008. The December collections are $143,000 lower than the amount expected according to the sales tax seasonal patterns.

At the national level, December collections increased 2.2% compared to the decrease in Fort Collins' sales of 0.4%.

Use Tax:

$798,931 in December. Collections decreased 17.8% compared to December 2008. The City is behind budget projections for the month by $1,451,364 when compared to historical data.

Building permits:

Receipts decreased 16.4% compared to December 2008.

Residential Permits pulled:

46 remodels, 24 new construction. In December 2008, there were 39 remodels, 2 new construction.

Commercial Permits pulled:

23 remodels, 0 new construction permits. The same numbers occurred in December 2008, there were 22 remodels, 0 new construction permits.

Sales Tax License:

104 applications for new licenses and 140 businesses terminated their license in December. This is a seasonal phenomenon; as the Sales Tax office sends out notices to file year-end taxes, many businesses that have closed during the year report the termination of licenses. This leads to a negative amount of net licenses each December.