Wednesday, December 15, 2021

Metro Denver Sales Tax Revenue Up 18 Percent

The seven-county Denver metropolitan area sales tax revenue continues its extraordinary recovery from the modest down year in 2020 (-3%). As of October, it is up 18.29 percent year-to-date above 2020 at this time. One beneficiary of the revenue increase, the Scientific and Cultural Facilities District (SCFD) will distribute about $70 million to more than 200 cultural organizations.

Denver continues to offer major financial support for capital improvements for cultural facilities. Its voters just approved (66%) several million in city bond improvements for the Denver Botanic Gardens, the Denver Zoo, Bonfils Theatre Complex, and the Denver Museum of Nature and Science. Also, during the last decade, including the pandemic, the Denver Art Museum matched $35 million in city bond funds with $140 million in private donations to renovate the Art Museum’s Ponti Building and build a new visitor center.

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