El Paso County is reporting a threefold jump in use tax collections.
In spite of a nearly 20 percent drop in building valuation for the first eight months of the year, use tax collections on building materials increased threefold during the same period.
From April through August, collections of use tax on building materials is up 373 percent compared with the same period last year while the number of permits issued is down 16.3 percent.
El Paso County began directly collecting use tax on building materials during April, prior to that it was collected by the city and state.
With four months still remaining in 2009, use taxes paid to El Paso County total $1,261,371 and another $1,305,448 is estimated to be due when construction is complete on other projects which have already been issued permits.
Budget officials said total collections from Colorado Springs under the old process were $661,000 for all of 2008.