Phoenix Arizona Sales Tax Still Trying to Rise
- Sales Tax News
- Jul 10, 2012 | Susan McLain
The Tucson Citizen reports that the Phoenix, Arizona sales tax “…growth rate is slowing slightly—a reflection of the trend in the national economy.” So Phoenix is slowly rising out of the dust of the recession...or at least holding its own.
According to the Citizen, “Phoenix sales-tax revenue remains in recovery from the recession….” The fiscal year to date revenue collections are up 3.6 percent but May’s collections were down 0.2 percent from last year’s numbers.
The food sales tax is scheduled to sunset in March 2015 and was up nearly 5 percent. The following categories are “…considered key indicators of the health of the local economy:
- Restaurants and bars: $1.63 million, up around 2.5 percent from $1.59 million in May 2011.
- Retail: $11.51 million, down 1.1 percent from $11.64 million in May 2011.
- Contracting: $1.25 million, up nearly 1.7 percent from $1.23 million in May 2011.
- Hotel/motel: $728,000, up 4.9 percent from $694,000.
More than half of the Phoenix general fund comes from sales tax collections.