Friday, October 20, 2023

Sales Tax Slowdown


Sales tax revenue in the metro area has been amazingly robust in good economic years and resilient in the recent COVID downturn of 2020. Revenue increases over last year have fallen sharply during the most recent 8 months of reports.

Denver Metro Area Sales Tax Revenue Growth

This may be a short-term economic slowdown reflecting a drop off in migration to the metro area and other local and national factors or the harbinger of a longer-term trend.

Denver Metro Area Tax Revenue Slows Sharply

1 comment:

Dave Barnes said...

Sales tax collections are a very imperfect measure of the economy.
Services are not taxed.
If everyone spent money on dental care instead of candy, would you say the ecomony is slowing?