Moffat County Economic Trends — City sales tax slightly below budget forecasts
City sales tax collection is trailing projections.
In January the city collected a little less than $442,000 in sales tax, slipping in February to a little less than $425,000.
The year to date total, as of February 28, representing the most recently released data, the city of Craig had collected a little more than $866,000 in sales tax, down about five percent from budgeted. This amount is almost 69 percent higher than for the same time in 2018 as a result of the 2017 voter-approved increase that went into effect on July 1, 2018.
All other revenues were trending up over budgeted projections.
In January, the city also recieved a little less than $108,000, its share of the countywide sales tax, which was up by 7.5 percent from the little more than $100.000 collected for the same time in 2017.
Moffat County sales tax is collected by the state and received by each entity two months after collection. Estimated gross sales are based on the assumption that all reporting taxpayers are reporting on or before the due date.
City enterprise fund revenues
The upward trend continued in January as the city collected more than was budgeted for enterprise funds for water, wastewater (sewer) and solid waste (trash).
The water fund added more than $204,000 in January and more than $188,000 in February. The wastewater fund added more than $145,000 in January and a little less than $144,000 in February. Both fees increased slightly in January to help offset costs associated with changes to the water/waste water system.
Fees from construction dumpsters rose in 74.75 percent in January compared to the prior year to more than $12,000 in January. Fees collected in February accounted for a little more than $7,000, which was almost 35 percent higher than in 2018.
Fees for solid waste (trash) collection added about $52,000 in both January and February, a year-to–date increase of just over 2 percent.
Landfill fees added about $48,000 in both January and February resulting in a year-to-date increase of more than 20 percent compared with 2018.
The Craig City Council voted to increase the proposed excise and sales taxes on marijuana sold inside the city limits Tuesday night — taxes that will take effect only if voters vote yes on several marijuana-related ballot questions in November.