Fort Collins retail sales decline
FORT COLLINS — Net taxable retail sales in Fort Collins were down 1.6 percent in January over the same month in 2007, with $175.1 million in net taxable retail sales compared to $177.9 million a year earlier.
However, actual sales tax collections in February, based on January sales, were up by 0.4 percent compared to February 2007, coming in $250,540 higher than expected according to sales tax seasonal patterns.
A report by the city’s finance office showed receipts from use taxes — taxes mainly paid on business equipment or non-consumer purchases — were down by 5.9 percent in February over the same month in 2007. Building permit receipts were down by 11 percent, but car tax receipts were up by 9.4 percent in February.
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Lodging tax receipts in February were down by 0.2 percent over the same month in 2007, but net taxable retail sales in the downtown area were up by 2 percent over the previous year.
The report noted that sales tax collections in February were up in nine of 16 categories, with business services rising by 48 percent, manufacturing and wholesale trade up by 30.9 percent and building and construction climbing by 16.1 percent
Collections were down most in the general merchandise stores category, falling by 20.3 percent, according to the report.
FORT COLLINS — Net taxable retail sales in Fort Collins were down 1.6 percent in January over the same month in 2007, with $175.1 million in net taxable retail sales compared to $177.9 million a year earlier.
However, actual sales tax collections in February, based on January sales, were up by 0.4 percent compared to February 2007, coming in $250,540 higher than expected according to sales tax seasonal patterns.
A report by the city’s finance office showed receipts from use taxes — taxes mainly paid on business equipment or non-consumer purchases — were down by 5.9 percent in February over the same…
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