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Year-end tax collections mixed
Written by Mark Lineberger   
Tuesday, 29 July 2014 11:51

Tax collections in June were mixed across the Verde Valley compared to the previous month as the 2013-14 fiscal year came to an end June 30.A crew from Arizona Public Service installs a new power-line pole on the corner of Finnie Flat Road and Cliffs Parkway in Camp Verde. The old pole was knocked down in a storm the night before. The town’s fiscal year ended in June, so the new pole installation will be a part of this year’s budget.

Clarkdale was the only municipality that posted higher numbers in June compared with May, although the difference in other communities didn’t fluctuate all that much.

The data was released last week in a report from the Arizona Department of Revenue Office of Economic Research and Analysis.

The department measures transaction taxes, collected from spending activity across economic sectors, from utilities and hotel stays to retail sales and dining.

In Camp Verde, tax collection for in June was $224,020, a drop of a little more than $40,000 over the previous month.

Retail sales tax collection showed a slight drop to $84,520.

Construction tax collection was up by more than $1,000 at $14,844. Restaurants and bars showed increased activity with just under $46,000 reported, up from just under $39,000.

Hotel tax collection remained fairly static with just over $16,400 collected.

For the fiscal year, Camp Verde generated $2,594,832 across all sectors, including $1,040,491 in retail sales taxes.

Cottonwood reported $1,059,892 in transaction taxes collected for June, down from just over $1.21 million the previous month.

To read the full story, see the Wednesday, July 30, edition of The Camp Verde Journal.

 

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Verde Valley Weather

Fair

47°F

Cottonwood, AZ

Fair
Saturday
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54°F / 87°F
Sunday
Partly cloudy
48°F / 81°F
Monday
Sunny
46°F / 78°F

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