Longmont’s tax revenue up 10.6 percent

LONGMONT – The city of Longmont’s sales- and use-tax collections increased 10.6 percent in March compared with the same period a year ago, according to the city finance department’s latest report.

Longmont collected $3,626,662 in March compared with $3,279,366 collected in March 2011. The collection in March represents sales made in February.

Total sales- and use-tax collections year-to-date increased 9.2 percent compared with 2011, according to the report.

Automotive, food and general categories showed healthy gains year-to-date compared with the same period in 2011. Automotive sales-tax revenue was up 5.8 percent; food sales tax was up 8.8 percent and general sales tax was up 6.5 percent, year-to-date. Utilities sales-tax revenue showed a decrease of 1.9 percent, year-to-date, compared to the same period in 2011.

Lumber, manufacturing and vehicle categories all showed a strong increases in use-tax revenues as well, year-to-date. Lumber use-tax revenue was up 192.4 percent; manufacturing use-tax revenue was up 70.7 percent; and vehicle use tax revenue was up 3.8 percent, compared to the same period in 2011.

In total, sales- and use-tax revenue collected in March, along with previous tax revenue collected in 2012, represents 14.8 percent of the cumulative 2012 Longmont city budget, according to the finance department’s latest tax report.

City lodging-tax revenue increased 3.9 percent month over month. $18,504 in lodging-tax revenue was collected from hotels in March for the month of February, compared with $17,812 in February 2011.

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