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Spokane County sales-tax receipts up 4.6% for December collections; year-to-date growth 1%
Summary
County finance staff reported December collections (for October sales activity) exceeded last year by 4.6%, leaving year-to-date sales-tax receipts about 1% above the prior year on a budgeted December target of $6.9 million. Staff warned of risk if consumer spending shifts toward nontaxable services and growing credit delinquencies.
Spokane County finance staff reported on Jan. 6 that December sales-tax collections, which reflect October retail activity, were 4.6% higher than the same period a year earlier and that year-to-date collections are roughly 1% above the prior year.
Jason, a county staff member who presented the report, said the county budgeted about $6,900,000 for December and that year-to-date collections total about $78,200,000. “So for December’s collections, we were 4.6% higher over the same period last year. Year to date, we’re 1% higher than we were last year,” Jason said during the strategic planning meeting.
The presentation placed the recent data in a longer context: a historical average sales-tax growth of about 4.01%…
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