Signs of a Local Recovery
Sales tax collections are up in Phoenix (and that doesn't include the new tax on food) indicating consumers are spending more.
The over-year growth in sales-tax collections is showing positive results for Phoenix.
City officials said April sales-tax collections were up 1.7 percent compared with the same month last year, rising from $29.2 million to $29.7 million.
May collections were up about 0.7 percent compared with May 2009, rising from $27.9 million to $28.1 million. The figures do not include revenue from the city's recently enacted food tax.
This is a positive sign for the local economy.
Labels: macroeconomics
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