We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Boulder collected $7,229,887 in December, compared with $6,911,348 in December 2011, according to the report. The collection in December represents sales made in November.
In Boulder, retail sales-tax collections were down 2.36 percent in December, compared with the same month last year. Of the total, sales-tax receipts from eating places were up 10.01 percent in December and food-store receipts were down 1.44 percent.
Receipts at eating places are seen as an indicator of consumers’ disposable income.
Apparel sales-tax collection was up 6.75 percent in December, the report said.
For the year to date, business/consumer use tax collection is up 1.75 percent, according to the report. Audit revenue collected in November boosted the category, the report said. Without the one-time audit revenue, the category would be down 4.89 percent for the year to date.
Construction use-tax collection for the year through the end of December was up 7.46 percent, compared with the same period in 2011. If Boulder Junction, a development planned on the northwest corner of 30th Street and Pearl Parkway, were excluded, construction use tax would be down by 8.24 percent, the report said. Boulder Junction is slated to include a hotel, stores, housing, an underground bus station and a parking garage.
Motor vehicle use-tax revenue is up 9.61 percent for the year to date. New-vehicle tax revenue comes to the city based on whether the vehicle owners live in Boulder, not where vehicles are purchased.