VERDE VALLEY - An increase in the sales tax rate has improved Cottonwood's revenue. A similar increase in Clarkdale hasn't helped, yet.
For months, Cottonwood has seen increases in retail, total and year-to-date sales tax collections over the same period a year ago. The city can thank a sales tax increase for its improved revenue.
In August, Cottonwood's retail sales tax collections climbed to $560,338 from $461,523 for the same month last year. Total sales tax revenue also jumped from $765,788 in August 2008 to $901,020 this August. Year-to-date figures also increased to $1,817,726 through August from $1,605,932 for the same period last year.
Clarkdale raised its sales tax rate May 15 from 2.25 percent to 3 percent. But August collections nosedived from a year ago. Retail sales tax revenue dropped from $4,653 in 2008 to $3,401 this year. Total sales tax collections for August dropped from $64,993 last year to $51,308 for this year. Year-to-date revenue also dropped from $124,086 through August to $98,819 for the same period this year.
Jerome increased sales tax collections in the retail and year-to-date categories and held just about even in total revenue for August. The town likely will approve a sales tax increase from 3 percent to 3.5 percent that will start in December.
Jerome collected $15,236 in retail sales tax for August compared with $13,596 for the same month last year. Total sales tax revenue dropped slightly for August but almost held even with last year. Total collections were $39,457 this August compared with $39,495 last year. Year-to-date sales tax revenue is up to $78,750 through this August from $76,904 for the same period last year.
Camp Verde is down in all categories from last year. August retail sales tax collections were $56,889, down from last year's $64,259. Total August sales tax revenue also was down, dropping from $184,999 last year to $180,058 this year. Year-to-date sales tax revenue through August dropped from $418,587 last year to $367,214 for the same period this year.
Sedona continues to see a decline in sales tax revenue month after month. In August the city collected $223,333 in retail sales tax, a drop from $249,420 from 2008. Total sales tax collections for August dropped from $1,090,523 last year to $1,001,376 this year. Year-to-date sales tax revenue is down significantly through August from $2,343,278 in 2008 to $2,074,591 in 2009.