Taxable sales on the rise | SkyHiNews.com

Taxable sales on the rise

Taxable sales in Grand County are up for every municipality, as well as unincorporated Grand County, continuing a multi-year trend of increasing revenues for Middle Park.

Winter Park

Winter Park’s sales tax figures for 2017 are up 12 percent totaling $4,757,287 through November of last year, the most recent month for which data is available. Through Nov. 2016 the town took in $4,230,713, which was, bucking the larger trend, a decrease from 2015 figures when the town saw $4,297,493 in sale taxes by the end of November.

Overall though Winter Park has seen a steady upward trend in sales tax receipts and the tally for 2017 is 53 percent more than the amount received by the town in 2012, which totaled $3,106,556 by the end November that year.

Fraser

Fraser’s sales tax receipts were up in 2017. As of the end of November last year Fraser took in $2,123,408 in sales tax, up from $1,931,153 collected by the end of November in 2016 and only slightly less than 2016 total year sales tax receipts at $2,192,336.

By the end of November 2017 Fraser had already received more sales tax revenue than it did during the entire year of 2015, when the 12-month total reached $1,847,259. That figure was itself a 6.27 percent increase over the town’s sales tax revenues in 2014, which account to $1,738,348.

Granby

Sales tax receipts in Granby total $2,834,557 representing an increase of $237,023 in 2017, or roughly 9.12 percent over sales tax receipts the previous year. The increase in sales taxes in Granby followed a 6.28 percent increase in sales tax receipts in 2016 and a 10.58 percent increase in 2015.

The trend from 2015 to 2017 is in keeping with Granby’s historic sales tax receipts. According to Town Finance Director Sharon Spurlin, who has been with the town since 2000, only one year during her nearly two-decade tenure has Granby seen a decrease in sales taxes, which occurred in 2010.

Granby’s fiscal year runs from Dec. 1 to Nov. 30 and as such December 2017. Additionally tax data is not available until two months after a given month. As of January the data available extends only through November 2017. Granby Finance Director Sharon Spurlin pointed out the sales tax figures do not include any sales tax assessed by the new Dollar General store in Granby, which did not open until December.

Grand Lake

Grand Lake’s sales tax data was in keeping with the rest of the county and saw an 11.24 percent increase in 2017. The increase was aided by the passage of a one percent sales tax increase in late 2016 that helped contribute to the total receipts.

The data available from Grand Lake runs through October but excludes both November and December. By the end of October last year Grand Lake had received $1,240,824 in sales tax, representing an increase of 11.24 percent over figures from the same time period in 2016. Looking back over the last few years Grand Lake has seen a steady upward trend with increases ranging from $35,961 dollars over the previous year – in 2013 – to a substantial increase in 2015 totaling $117,063 over receipts in 2014.

As of the end of October 2017 Grand Lake had received nearly $1,204,824 in basic sales taxes. That figure is over $350,000 more than the total sales tax receipts in 2013, which amounted to $885,391 for the entire year.

Kremmling

Grand County’s far western enclave is not as dependent upon tourism business as the communities of the Fraser Valley but despite differences in primary industries Kremmling continued the county-wide trend line with increases in sales tax in 2017, albeit with a smaller percentage increase.

As of November 2017 Kremmling had taken in $754,380 in sales tax, representing a 0.77 percent increase over 2016 when the town took in $748,638 by the end of November. The end of November figure for 2017 is roughly $35,000 less than the total sales tax receipts in 2015 – which totaled $790,483 for the entire year, and is nearly $25,000 more than the total year figure for 2014.

Grand County

Grand County also saw a significant increase in sales taxes in 2017. Officials from the county noted there was a 0.3 percent increase in the county sales tax in 2017, from Ballot Measure 1A approved by the voters in 2016. Data provided by the county separates the 0.3 percent additional charge from the standard one percent county sales tax to provide a more accurate comparison of overall trends in commerce.

Grand County saw a nine percent increase in sales tax receipts in 2017 over 2016 figures, excluding the .03 percent sales tax increase related to 1A. The county data show the 0.3 percent additional sales tax brought in $1,060,359 on its own. Additionally the county’s one percent sales tax brought in $4,210,805 in revenue in 2017, up from the $3,877,373 the county received from sales taxes in 2016.

The total sales tax receipts for 2017, excluding the additional tax from 1A, amounts to an increase of $1,329,832 over the total sales tax collected by the county in 2012, which total $2,880,973.


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