Although the seven county Denver Metro economy appears robust, sales tax revenue growth has been contracting all year, and in July dropped under 2 percent above last year.
Sales tax is a key element in local government funding (60% of Denver’s tax revenue) and will likely begin to be reflected in more modest tax revenue spending plans although not yet. Denver’s latest budget shows a 4 percent sales tax growth projection in 2024.READ:
Denver Metro Economy Slows
Sales Tax Revenue Growth Stalls