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Sales Tax Revenue Up in August

Sales Tax Revenue Up in August
October 02
11:19 2015

Just two months have passed since the beginning of the fiscal year and already the City of Page is on track to shatter their projected Sales Tax Revenue for the year.

The collected sales tax for the month of August was up 28% from last year, with $1,244,691.06 collected.

Year to date, $2,222,634.97 has been collected, up 22% from sales tax collected through the first two months of the last fiscal year.

A conservative projection for sales tax revenue generated this fiscal year was set at $8,000,000 and, if current trends continue, sales tax revenue will not only eclipse the projection but also the record setting $9,000,000 in collected sales tax from the last fiscal year.

Hotels, motels, and lodging generated over 40% of the total sales tax collected. The accommodations industry alone collected over $139,000 more in sales tax from last year.

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