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The City Café

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December 2012 1%Statewide the 1% local sales tax was up 9.6% for December at $35.38 million.  Most major cities fared well except for Sandy and Murray.  Salt Lake City’s distribution was up 9.2% at $3.66 million, very close to the statewide growth.  Draper, South Jordan, Provo, Bountiful, and Layton had distribution growth ranging from 10.7% to 14.3%.

Boosting taxable sales growth is the resurgence in residential construction, where new permit values were up 39% statewide and 121% in Salt Lake County for the month of October. Construction growth tends to drive taxable sales from two to four quarters out into the future, based on our econometric models.

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