Thursday, July 19, 2012

Trend

From previous posts you know that retail sales - and the taxes that are paid - are an important funding source for the city.

The second largest revenue source in fact.

With 11 months of sales tax receipts now booked for Fiscal 2012, the picture looks good.

Sales tax receipts are up over 8% year over year.  This is particularly noteworthy after a series of years when this funding source went down, and down, and down; and down again.

Let's hope the trend continues - as that signifies that the economy is improving - and folks are doing a little better too.