February 9, 2016 January Sales Tax up 4.0%
The Tax Commission recently distributed $39.81 million to the cities, towns and counties. This was a 4.0% increase over last year, bringing the fiscal year-to-date increase to 4.6%. The January distribution represents taxable sales mainly from November.
Compared to the U.S.’s 1.3% increase in retail trade sales during November, we did pretty well. U.S. Light vehicle trucks rose 6.5% in November compared to a year earlier to 18.1 million units.
December’s CPI came out this week too. For the year the CPI inflation index for urban consumers was up 1.1% from December 2014 to December 2015. The Western Region’s CPI was up 1.8% during the same time frame.