Local option sales tax collections for December were released this week. These figures reflect sales taxes remitted to the State in December that resulted from retail transactions during the month of November. These figures therefore include the start of the holiday shopping season and relate to all local option sales taxes collected in a county. In other words, the numbers include both county and municipal local option sales tax revenues.
A quick comparison to last year shows that 67 out of 95 counties generated less local option sales tax in December 2008 than December 2007. Those 67 include almost all counties with a large sales tax base. The 4 large urban counties all posted at least an 8% loss. Out of 23 counties that generated $1 million or more in local option sales tax, 19 showed losses. Statewide, overall local option sales tax collections were down 5.8% for the month.
Updating year to date figures, 46 counties are now showing declines over the same period from the 2007 budget year.
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