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Springs sales taxes near 2019 levels
The most recent sales tax report from the city of Colorado Springs shows revenue was down in 2020 but not nearly as much as officials had feared earlier in the year.
and last updated 2021-01-14 23:08:45-05
COLORADO SPRINGS â The December sales tax report from the City of Colorado Springs shows year-to-date revenue to fell in 2020, but not nearly as much as officials had feared earlier in the year. Businesses have 30 days to submit their monthly taxes. So, the December data reflects sales activity through the end of November.
As of November 30, the roughly $166 million in total sales tax revenue measured about 0.63 percent lower compared to this same point in 2019. In April, Mayor John Suthers implemented a hiring freeze amid a package of budget cuts aimed at lowering city spending by $20 million for the year.