Friday, March 22, 2013

2012 sales taxes up 7 percent in Salt Lake County

With relatively strong holiday purchasing to cap the year, Salt Lake County finished 2012 with sales tax revenues that exceeded 2011 totals by almost 7 percent.

And there’s more good news, county financial officer Lance Brown told the County Council on Tuesday. Salt Lake had employment growth of 2.9 percent last year, better than four other Western cities — Phoenix and Denver (both 2.5 percent), Boise (2.1 percent) and Los Angeles (1.4 percent).

The county option tax on retail sales, the biggest individual source of sales tax revenue for the county, amounted to $47.7 million in 2012. Salt Lake Tribune