RBC I The town of Meeker bore the brunt of a reduction in sales and use tax receipts for the second quarter of 2011, reporting a 32.9 percent reduction from $406,357 in the same period in 2010, to $272,677 in 2011. The county’s sales and use tax numbers were also down, from $1,218,960 to $977,924, a 19.8 percent drop from last year’s second quarter. Only the town of Rangely recorded an increase in sales and use tax receipts, up 30.4 percent, from $240,648 in 2010 to $313,742 in 2011.The combined entities recorded a reported reduction from $1,865,965 to $1,564,343 when comparing the second quarter of 2010 to the second quarter of 2011, a drop of 16.2 percent. Sales and use tax receipts include collected taxes for retail sales, motor vehicle use tax and building materials use tax. These numbers are unaudited and subject to change.
RBC I Ask pretty much anybody about the economy in 2011 and they’ll tell you it has been a rough year, even for the government. For the third quarter in a row, reported revenue from […]
RBC I Sales and use tax revenue remained low during the fourth quarter of 2011 across the board for Meeker, Rangely and Rio Blanco County. Related