Sales Tax Recession

The first nine months of sales tax collections in 2024 continues a second year of weak collections. It reflects a sales tax recession in the seven county Denver metro area as sales tax-dependent cities begin to tighten budgets.

The sales tax lag remains unexplained, but voters were asked to increase sales tax rates by a host of local governments with mixed results. In Denver, voters rejected a half-cent sales tax increase for housing in spite of a major campaign directed by Mayor Mike Johnston and little organized opposition.

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Sales Tax Collection Falls Again Aug 16, 2024