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home : latest news : latest news April 29, 2016

5/31/2014 1:55:00 PM
Cottonwood leads Verde Valley's economic growth
Camp Verde retail collections rise by $15,000

Yvonne Gonzalez
Staff Reporter

Cottonwood saw its fifth month of sales tax revenue gains in April, this time in the double digits.

The city earned 11.7 percent more than in the same month last year, and brought in five times more in sales tax revenue from construction, reaching almost $69,000, said administrative services general manager Rudy Rodriguez

"Our construction is up 409 percent from last year at this time," Rodriguez said. "However, last year was pretty dismal."

He said more residential activity recently, and the completion of some commercial projects has contributed to the change.

Retail trade did decrease by about $20,000, but wholesale trade, real estate, rental and leasing went up by more than $50,000, and restaurants and bars brought in about $15,000 more in tax revenue.

"Overall, the sales tax is doing well compared to last year," Rodriguez said.

Jerome brought in 10.6 percent more sales tax revenue in April this year than compared to the same month in 2013. Most of this was driven by a bump in retail trade, from $27,115 to $35,738.

Tax revenue is down for the third month in a row in Camp Verde, though only by 1.2 percent for April instead of more than 13 percent in February and March.

Camp Verde's retail trade saw a positive boost, however, up by about $15,000 to reach more than $89,000.

Follow the reporter on Twitter @ymgonzal and Instagram @VerdeValleyNews

Taylor Waste

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