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The Verde Independent | Cottonwood, Arizona

home : latest news : latest news May 25, 2016

3/25/2014 2:25:00 PM
Verde weathers winter slump in tax receipts
Illustration by Jacob Lopez
Illustration by Jacob Lopez

Yvonne Gonzalez
Staff Reporter

Camp Verde saw the biggest decrease in sales tax collections in February, a month Kurt Haskell said is typically one of the lowest-earning months for northern Arizona businesses.

Haskell, Yavapai College's Small Business Development Center president, said businesses start to climb out of their winter slumps after February and heading into peak summer months.

"It depends on what the business owner sells," he said. "If the business is retail, there's a Christmas uptick, but then sales fall off pretty quick right after that."

Camp Verde shows a 13.4-percent decrease in February compared to the same month in 2013, from $234,543 to $203,014.

About $8,000 of that decrease comes from communication and utilities, almost $6,400 less from restaurant and bars, roughly $5,000 less from accommodation, and about $4,000 less each from wholesale and retail trade. There were small gains in construction and manufacturing.

Camp Verde sales tax collections were down 7.2 percent in December, up by almost 7 percent in January, then took this 13.4-percent dip in February.

Cottonwood sustained its growth through February, increasing by more than 9 percent in December and more than 4 percent each month this year.

Collections from manufacturing almost doubled to more than $15,000, retail trade increased by almost 1.5 percent, and restaurants and bars brought in 18.6 percent more this year. Real estate, rental, and leasing sales tax revenues went up by more than 6 percent, and about $4,000 more came in from accommodation.

Clarkdale revenues remained low due to a comparative dip in construction revenue, but retail trade increased by more than $1,000, as did real estate, rental and leasing.

Sales tax revenue in Jerome stayed pretty steady with a 3.7-percent increase to $46,119.

Retail trade collections went up by more than $4,000, while restaurant and bar revenue went down by almost as much.

Follow the reporter on Twitter @ymgonzal and Instagram @VerdeValleyNews

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