Colorado Springs saw a sales tax revenue increase by more than 10 percent in June — and more than 5 percent for the year so far, according to figures released from the city’s financial office.
The 2 percent sales-and-use tax for June was at $15.5 million, while the .62 percent road tax saw collections of $4.8 million. Public safety taxes were at $3.1 million and the 1-cent trails and open space taxes brought in slightly more than $779,000.
Combined, the sales-and-use tax was up 10.5 percent for the month and 5.3 percent for all of 2016, reports show.
The 2 percent lodgers tax brought in $668,900 to the city, while the 1 percent automobile tax brought in $42,865 for the month of June. Combined, the two taxes increased by 18.65 for the month and 14.45 for the year so far.
Industries with the largest month-to-month increase: business services were up 284.8 percent for June; grocery stores saw a 22.47 percent increase in sales tax revenue and medical marijuana had a 19.63 percent increase in tax revenue. Business services brought in $948,909 to the city’s coffers in June and was the segment with the largest dollar increase, followed by miscellaneous retail at $171,00 and hotel/motel at $141,000.
Decreases in revenue, discount and department stores, utilities, furniture and appliances.