MONTROSE – The latest City of Montrose sales and use tax report shows an overall revenue increase for the first year since 2007, with total sales and use tax revenue finishing 4.3 percent higher in 2012 than 2011, and 7.9 percent over budgeted revenue. Annual retail sales tax revenues have declined since 2008, with the most significant single-year decline occurring in 2009, and while retail sales tax remained nearly flat (up 1.6 percent in 2012), large gains were realized in construction use tax, ($27,666 or 27.9 percent) and auto use tax ($326,476 or 49.2 percent). Total year-end sales and use tax revenue was $13,156,001.
Sales and use tax accounts for about 80 percent of revenues to the city’s general fund, the financial support behind police services, street maintenance, parks and other basic city services. The city does not collect any property taxes to offset its dependence on sales and use tax revenue. City sales, use, and excise tax is collected by the city's finance department.
More information can be found at www.cityofmontrose.org.