Sat, April 04

Valley's economic woes continue
Camp Verde is only local town to see increase

For the second month in a row, Camp Verde is the only community in the Verde Valley to show an increase from a year ago in both total sales tax collections and in retail sales tax collections.

Last month, Camp Verde was up in both categories from February in 2007. This month, the town is up again compared with both categories in March 2007. It is the only Verde Valley municipality to show a two-month gain in total sales tax collections and retail sales tax collections.

Clarkdale dropped in both categories compared with a year ago. Cottonwood and Jerome were both up in total sales tax collections but down in retail sale tax. Sedona was just the opposite, posting a gain in retail tax collections but a drop in total sales tax revenue.

Camp Verde collected $98,904 in retail sale tax for March, and took in total sales tax revenue of $212,596. Those figures show a gain from March 2007's $195,458 in total sales tax and $83,817 in retail. The town's year-to-date collections for all categories of sales tax are $1,776,082.

Cottonwood dropped from $526,818 in retail sales tax in March 07 to $470,826 for 08. Total collections were up from $668,917 in '07 to $751,984 for '08. The town's year-to-date total sales tax collections are $7,319,023.

Clarkdale saw a drop from total collections in March 07 of $144,530 down to $71,561 in March 08. Retail tax collections dropped from $6,176 in 07 to $3,338 for 08. Year-to-date total sales tax for the 2007-2008 fiscal year is $696,368.

Jerome saw an increase in total sales tax revenue for March 08's $35,672 compared with $32,744 for the same month in 07. Retail sales tax dropped slightly from $14,961 in 07 to $14,207 in 08. Year-to-date total sales tax revenue for the mountain town is $358,764.

Sedona showed a slight gain in retail sales tax over March last year from $264,268 to $267,273. But overall sales tax collections dropped steeply from $1,076,654 in March 07 to $985,533 for March 08. Sedona's total sales tax revenue so far this year is $10,192,808.

TownFY08March 08March 07
Camp Verde$1,776,082$212,596$195,458
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