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’s collected revenue hit $103.4 million for the year, up 7.6 percent from 2012. Longmont’s revenue increased to $52.3 million in 2013, up 6.1 percent from 2012.
Boulder’s retail sales-tax revenue increased by 4.8 percent to about $81.5 million. Construction use tax, meanwhile, increased drastically percentagewise, from $6.5 million in 2012 to $9.9 million in 2013.
Boulder’s retail sales tax at eating places, which comprises about 13 percent of the city’s sales and use tax revenue, increased by 1.75 percent for the year.
In Longmont, 2013 sales tax collected increased 7.1 percent to $43.3 million, while use tax ticked upward 2.9 percent to $8.1 million.
The automotive and food sectors saw big increases in Longmont on the sales tax side, rising 9.8 percent and 8.7 percent respectively. The lumber and vehicle categories increased 3.6 percent and 9.5 percent on the use side, while manufacturing decreased 7.5 percent from 2012, from $1.9 million to $1.8 million.
Both cities fared well in December versus the same month a year before as well.
Longmont’s total sales and use tax in December increased 5.9 percent to $6.1 million. In Boulder, December total sales and use tax revenue increased 11.6 percent to $12.8 million.