Sales taxes up, economic picture bright for Colo. cities

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Most cities in Colorado believe their economic picture is improving, according to a survey by the Colorado Municipal League.

A total of 62 cities say their financial outlook is improving and have turned a corner. About 20 percent said their economy was flat while 8 percent said the economic picture was getting worse.

The CML survey also showed an average increase in sales tax revenue of 6.5 percent for the first four months of 2011, compared with the same period in 2010. About 80 percent of Colorado cities reported increases in sales tax revenue. At the end of last year, only one-third of Colorado municipalities saw increases in sales tax in 2010.

Colorado Springs is one of those cities – sales tax revenue increased steadily during 2010, and with the exception of February, increased during the first four months of 2011.

The survey results are based on responses 63 Colorado municipalities, large and small, representing all regions of the state.