Rifle sales tax receipts creep upward | PostIndependent.com

Rifle sales tax receipts creep upward

RIFLE — The city is “holding its own,” according to finance director Charles Kelty, with a slight 3 percent increase in sales tax revenue from September 2013 to September 2014.

The biggest increase in revenue was seen in the oil and gas fund at 49 percent.

“We had two companies and one upgraded their system and production,” according to Kelty.

On the down side, hardware tax receipts were down 71 percent in September 2014 compared with last year. Sales tax compensation in 2013 was $61,426, but just $17,606 in 2014.

“That includes companies that didn’t report on time,” said City Manager Matt Sturgeon.

The total sales tax receipts for 2013 were $5.62 million and is scheduled to come in at $5.75 million for 2014.

“Overall, I think we’re in good shape — we’re holding our own,” Kelty said. “The glass is half full. The biggest challenge will be how we work out the new water treatment plant.”

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