January 4, 2016 December’s 1% local-option distribution takes a vacation
Following four months of 5% plus growth, the December distribution of the 1% local sales tax increased 1.5% from a year earlier to $40.5 million. December’s distribution represents to a large extent sales in October.
Slower sales were the norm across the nation in October too. U.S. retail trade sales rose 1.7%, fairly close to Utah’s overall distribution. While car and truck sales rose almost 10%, non-auto retail sales in the U.S. rose only 0.5%.
Across the state many of the larger cities in the state saw increased distributions that ran from 1% to 3%. Salt Lake City’s distribution rose 2.1%, West Valley’s increased 2.9%, West Jordan’s was up 1.8%. Ogden and Roy’s were up 2% and 2.9%, respectively. Prove and Orem’s distributions were also close at 2.4% and 3.1%. In Davis County Clearfield and Layton’s distributions were up 1.5% and 2.4%, respectively.
Strong distributions occurred in: Murray (7.2%), Draper (7.9%) and Holladay (9.8%). Other cities with strong sales were Lehi, Centerville, Kaysville (new Smith’s Marketplace). Close to 7% distributions were common in tourist-oriented cities like Park City, St. George and Moab.
We expect a stronger economy will unfold when the next two distributions come out. Hope you spent well over the holidays,