Moffat County Economic Trends — Revenue | CraigDailyPress.com

Moffat County Economic Trends — Revenue

City of Craig, February sales tax

The city of Craig received a little more than $250,000 from the 2.25 percent sales tax levied against sales within the city, as recorded in February. This amount was 7.24 percent higher than February 2017. The city also received a little less than $94,700 from sales taxes collected by the county, an 11.70 percent increase from the prior year.

City of Craig, March sales tax

The upward trend continued in March, when the city collected more than $282,000 in sales taxes, a 4.96 percent increase from the same month in 2017. The city also received a little less than $107,000 from sales taxes collected by the county, an 8.39 percent increase from March 2017.

City of Craig, April sales tax

Sales tax revenue slipped slightly in April. The city collected just under $284,000 in sales taxes, an amount that was slightly higher than in March, however 2.32 percent lower than April 2017. The city received a little more than $107,000 from sales taxes collected by the county on behalf of the city. That amount is up by 2.33 percent from the same month in 2017.

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City of Craig, May sales tax

Sales tax bounced back in May, with the city collecting more than $345,700 in sales taxes, up 13.79 percent from the prior year. The city received more than $323,000 in sales taxes collected by the county, representing a 197.03 percent increase from the prior year. The city was unable to disclose the reason for the increase. 

May sales tax figures are the most recent available. A new city sales tax rate of 4 percent went into effect July 1, with the first report due in September. 

Note from City Finance Director and Interim City Manager Bruce Nelson: The amount and percentage change between the current and prior year account only for the amount and percentages collected so far. Therefore, these numbers are only an estimate of the increase or decrease in sales activities.