Wednesday, June 8, 2011

Denver Metro Area Retail Economy Continues to Improve

Although the recent economic news is full of gloom with a dropping stock market, a double dip in home prices, sky high fuel prices and trouble abroad, sales tax revenue in the Denver metro area continues to show strength over a year ago. In April, a one-cent sales tax would produce about $34 million in the Denver metro area; that is, a 6 percent increase over April 2010.

Sales tax revenue in 2010 was 7 percent higher than 2009 in the metro area. Year-to-date, the 2011 revenue is 8.8 percent over 2010.

See Associated Press article: State’s growth among slowest

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