After a strong July, state sales tax down 7.7% for August

Filed under: Daily News |

Colorado sales-tax revenue in August was down 7.7 percent compared to the same month last year, according to the Colorado Department of Revenue.

Those figures leave the state 10 percent short of projections only two months into the fiscal year.

The news is somewhat of a let-down after July tax revenue amounted to a 3.9 percent year-over-year increase.

The state collected $149.9 million in sales tax revenue last month. Last August it collected $162.4 million.

3 Responses to After a strong July, state sales tax down 7.7% for August

  1. Not surprising. Better be careful with the money you are getting.

    Christopher Colvin
    September 17, 2010 at 5:17 pm

  2. I recently drove across the state from Colorado Springs to Telluride. We took the scenic route it took about 15 hours round trip. We went through 13 speed traps. I (for one) could live with far fewer speed traps, say 1 speed trap in 15 hours of driving. I am willing cut government spending by firing 50% of the state police and tell the remaining officers to fight crime, not revenue enhance.

    cliff joyner
    September 17, 2010 at 6:21 pm

  3. Our president tells us he can solve the problem by signing his stimulus bill that has a price tag with FOUR COMMAS in it and we get this kind of pathetic economic performance that only has one comma. So big government works for big government and so do we, (one comma) our parents, (two comma) our children, (three comma) and our grandchildren, (four comma) and our great-grand children. Hard to get all those commas in isn’t?

    John C
    September 20, 2010 at 9:19 am