Retail sales in county up slightly
Friday, August 01, 2014 12:01 AM
VAN WERT — The increase was not large. But it was an increase.
Totals from the July sales tax collection in Van Wert County increased over one year ago. Slightly. Receipts for July reflect May sales in the county, which were 0.7 percent higher than in 2013.
The news broke a string of months where retail sales did not keep up with the same month in the prior year. In fact, sales have fallen off in seven of the past ten months.
In the latest report, sales increases in the county are led by motor vehicle sales and retail sales in big box stores. Van Wert County charges 1.5 percent sales tax on local sales in addition to the state’s 6.0 percent. Trends in sales tax collection are indicators of trends in local sales.
The total tax collection was up by $2,314 over collections in May 2013. Even with the shortfalls through much of the first half of the year compared to 2013, sales tax collection is still on track to total more than the budgeted $4.02 million for 2014.
The June collection in 2013 were $336,729.89 while in 2014 the total reached $339,044.11.