Monday, October 2, 2023

Denver Metro Area Tax Revenue Slows Sharply


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.

Denver Sales Tax Table

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.

Denver Metro Economy Slows
Sales Tax Revenue Growth Stalls

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