Business
Sales tax collections take a healthy jump in October
Posted: Nov 15, 2012 4:17 PM by Greg Boyce
Updated: Nov 15, 2012 4:17 PM
Sales and Use Tax collections in October in Colorado Springs jumped 9.48 percent over last October. Sales and Use Tax collections for the calendar year were up 6.49 percent.
Sales tax collections on commercial machines were up a whopping 74.55 percent from October to October. Building materials were up 31.97 percent.
The biggest drop came in the hotel and motel category -- down 9.6 percent.
Adjusted for inflation for the entire year, sales and use tax collections are still below what they were in Colorado Springs in 2007.
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