October 28, 2015 October local-option sales tax distribution up 5.1%
October’s distribution (released last week) at $44.64 million was 5.1% higher than last year’s $42.46 million in local 1% sales taxes. Among the select, large cities we watch, 10 of the 24 cities recorded distributions which grew in double digits in the October distribution, which represents sales largely from August.
Across the nation, retail sales in August were up 2.2% and new light vehicle sales were up 5.2% compared to a year earlier.
In Salt Lake County, distributions in Draper, Holladay and South Jordan were up in double digits. Solid gains were recorded in Murray, Midvale and West Valley. Salt Lake’s distribution was up slightly less than the state average at 4.1%. But due to its population drop of 0.8%, Salt Lake’s soft distribution gain of 4.1%, actually meant a stronger 6.0% increase in sales for the month.
Davis County sales were up near 8%, where Bountiful, Kaysville and Farmington distributions rose more than 10%. Distribution gains that high translate to near 20% gains in actual sales.
In Utah County, Provo and Lehi’s distribution were up near 11%.
Strong distributions were experienced in tourist areas of St. George (6.2%), Park City (10.4%) and Moab (7.5%).