December 18, 2013

Longmont’s sales-, use-tax revenue up 11%

LONGMONT – The city of Longmont reported an 11 percent increase year over year in sales- and use-tax revenue from transactions in October.

Sales-tax collections in November, representing sales in October, were $4,405,207 up from $3,968,591 for the same period a year ago.

Sales-tax collections increased by 13.7 percent over the same time period a year ago. Use-tax collections decreased by 1.4 percent.

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Year to date, sales-tax revenue is up 6.3 percent, and use tax is up 2.9 percent.

Lodgers’ tax collections for the period were up 45.1 percent, or $35,903 for the month, compared with $24,7433 for the same month a year ago. Year to date, the lodgers’ tax is up 21.2 percent, or $303,014 compared with $250,074 at this time last year.

LONGMONT – The city of Longmont reported an 11 percent increase year over year in sales- and use-tax revenue from transactions in October.

Sales-tax collections in November, representing sales in October, were $4,405,207 up from $3,968,591 for the same period a year ago.

Sales-tax collections increased by 13.7 percent over the same time period a year ago. Use-tax collections decreased by 1.4 percent.

Year to date, sales-tax revenue is up 6.3 percent, and use tax is up 2.9 percent.

Lodgers’ tax collections for the period were up 45.1 percent, or $35,903 for the month, compared with $24,7433 for the same month a year ago.…

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