The Colorado Department of Revenue continues to disburse all of the local sales tax revenue directly to the county, according to a report issued late last week by Archuleta County Finance Director Larry Walton, leaving the county responsible for splitting the money in half and giving the Town of Pagosa Springs its share.
The total sales tax collection for May 2015 was $642,582.50, with $321,291.25 going to the town. All sales tax generated within the county, regardless of whether it comes from a business within the town limits of Pagosa Springs or not, is split evenly between the town and county.
“On a ‘year to date’ basis (January thru May), 2015 sales tax is $488,015 (19.7%) ahead of 2014,” Walton reported. “However, part of that ‘year to date’ increase includes significant collections (about $219,067), related to back taxes, mostly from 2014 and 2013. With those amounts factored out, the increase in sales tax collections was about $268,948, which translates into a real growth rate of approximately 10.9% during 2015. In 2014, the growth rate was approximately 7%.”
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