April 30, 2013 April Sales Tax Distribution up 4%
April’s 1% local sales tax brought in a total of $34.66 million statewide, up 4% over the same period last year. April’s distribution represents February 2013 sales. Following a 15% month (January sales) the 4% growth for February sales may not be surprising.
A better metric would be to look at the last 3 month’s growth rate, which is up 7.3% for the statewide local sales tax. Fiscal year-to-date growth of 6.6% right on with our forecast of CY2013.
Draper’s 14.1% growth led the other major cities we track. South Jordan’s 11% increase placed second. Salt Lake City’s distribution increased 4.8%, slightly ahead of the State’s 4% growth.
Bountiful and Layton, had increases similar to Salt Lake City.
Farmington’s distribution increased nearly 9.6% (Station Park mall), very close to Lehi’s 10% (commercial & retail growth) and St. George’s 10.3% (housing rebound) growth rate.