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Sales and use tax collections see big jump in September

Sales tax in September rolled in at 10.56 percent more than at this time last year, the latest city sales and use tax report said. It was all about building materials, cars and commercial machines — industries that posted the highest month over month gains. Hotels took a hit, with the Lodger’s and Auto Rental… Continue Reading Sales and use tax collections see big jump in September

About 40 Colorado Springs manufacturers have signed a letter asking the city to reduce, rebate or eliminate the sales-and-use tax for manufacturing equipment. Continue Reading Manufacturers call for a city study on sales-and-use tax

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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… Continue Reading Local sales taxes inch up in first two months of 2012

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Hotels saw the biggest leap in sales tax collected in October over the previous month, according the city’s October sales and use tax report. Hotels saw a 20.9 percent increase in tax collections. The Lodger’s and Auto Rental Tax collection was up 11 percent over last October, which really represents all of the activity through… Continue Reading Springs’ sales and use tax collections slightly higher than projected

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Summer events keep city’s general fund healthy

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August – the month of the USA Pro Cycling Challenge race – proved to be a good month for spending in Colorado Springs. People came and spent money in restaurants and hotels, both sectors that had the largest increases in tax collections this August over last August. Restaurants collected $1.6 million in sales taxes, a… Continue Reading Summer events keep city’s general fund healthy

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