Latest county sales report shows slower spending
Thursday, December 19, 2013 7:00 PM
BY ED GEBERT
Monthly Van Wert County Sales Tax Collection Increase/Decrease from 2012
Times Bulletin Editor
VAN WERT - After a string of increases in county sales tax collection in Van Wert County, a drop was reported in the last collection of 2013.
Previously, monthly collections had increased in 28 of the past 35 monthly reports, however month number 36 showed a four percent decrease, indicating a slow month for retail sales. That month was October 2013, with the tax from October sales turned in to County Auditor Bev Fuerst in December.
The decrease was not enough to ruin the year's receipts, as the county took in $136,873 more in 2013 collections than in 2012. The total collected in sales tax in the county was over $4.1 million, an increase of 3.43 percent over 2012. That more than outdistances the 1.2 percent rate of inflation currently listed by the Bureau of Labor Statistics.The $4.1 million total also is greater than the $3.9 million which was projected as revenue for 2013 by the county.
The difference for the October report appears to be a lull in vehicle sales in the county. At least one car seller reported that October had been a poor sales month. Also down were sales at big box stores in Van Wert County during October.
It remains to be seen if local spending during the holiday season will increase this year. In December 2012 sales, spending in the county jumped by nearly 21 percent over December 2011.
The next economic figures for Van Wert County due to be released are the unemployment numbers on Dec. 27.