December 2, 2013 November local option sales tax distribution up 4.5%
The November distribution, which came out last week and represents taxable sales for September 2013, was up 4.5% compared to a year earlier. Statewide distribution totals were $44.31 million, up from $42.40 million in November 2012. For the first three months of fiscal year 2014, the statewide 1% local sales tax is up 6.1%, fairly close to our forecast of 6.5% (which assume no more major fiscal problems due to the federal debt ceiling and budget). The 6-month growth rate is almost 3% lower at 3.8%, suggesting that a realistic forecast still ranges between the low 2.4% pessimistic and 6.5% baseline scenarios.
Distributions among Utah’s major cities range between -3.6% (Tooele) and +15.3% (Farmington) in November. In Salt Lake County, South Jordan’s distribution was up 7.6%, in contrast with its 3-month growth rate of 1.4%. Draper’s distribution was up 5.1% in November and 12.4% for the first three months of fiscal year 2014. Salt Lake City’s distribution rose 4.6% and it’s year-to-date growth is up 6.1% from last year.
In Utah County, Orem led with a 6.6% gain, followed by Lehi at 4.8%. Fiscal year totals ranged from 7.0% to 7.9% for Provo, Orem and Lehi.
In Davis County, the two largest cities, Layton and Bountiful, saw respective increases of 5.8% and 5.4%.
St. George distribution was up 7.5%, partially due to its housing recovery.