Local sales taxes inch up in first two months of 2012

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Colorado Springs sales-and-use tax collections are up in the first two months of 2012, higher than the first two months of 2011.

Overall, collections are 6.9 percent higher than at this time last year, according to the collections report released by the city Tuesday.

In February, the city reported that sales and use tax was $8.6 million, or 6 percent more than the same month in 2011. In March, collections are $9 million, or 10 percent higher than in the previous year. Also up are the tax collections on medical marijuana – up 53 percent this March over last year, for a collection of $83,647.

According to the report, the only retail sector that has gone down is furniture and appliances. Restaurants are up 11 percent, auto dealers are up 12 percent and grocery stores are up 10 percent.