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The City Café

For those interested in sharing ideas and perspectives regarding local government.

DOUG MACDONALD

The Tax Commission distributed $50.45 million in local 1% sales taxes today, up 5.8% from the same month last year.  The August distribution represents sales from June and includes second quarter returns from smaller accounts.
August Local 1%
The August distribution is also the final month for fiscal year 2015.  At $518 million statewide, fiscal year 2015’s 1% local sales tax distributions were up 5.3% compared to FY2014’s 4.0% increase. Our forecast in December 2013 called for a 3.7% gain.

June’s 5.8% gain was strong relative to the nationwide increase in retail trade sales of 1.8%.

The largest city in the state, Salt Lake City, saw its distribution rise 1.3% in August.  Since its population impact was -0.8% and the state’s overall gain was 5.8%, we compute its direct sales were down 1.7% in August.  Its three month average distribution was up 5.8% and its fiscal year-to-date gain was 5.6%.
August 15 Dist
17% distribution gains were recorded in South Jordan and Lehi in August.  Midvale (12%), Holladay (10.6%) and Centerville (12.7%) recorded gains in the low teens.

Surprisingly, Moab posted a near 9% distribution decrease from last year.

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