Sales tax collections in December 2024 increased by 10.64 percent compared to figures from one year prior, according to reports released Feb. 11 by Archuleta County Finance Director Chad Eaton.
Eaton notes the Town of Pagosa Springs and Archuleta County received a total of $1,704,736.27 from the December tax revenues, with $854,178.07 going to the town and $850,558.20 going to the county.
The nearly 11 percent revenue increase accounts for an additional $164,001.66, according to the reports, which highlight the categories that are up in comparison to December 2023, including:
• Manufacturing at 76.4 percent, or $34,933.17;
• Retail trade at 5.95 percent, or $53,703.13;
• Finance and insurance at 6.88 percent, or $114.48;
• Real estate and rental and leasing at 2.66 percent, or $746.90;
• Professional, scientific and technical services at 19.89 percent, or $2,333.57;
• Accommodation and food services at 17.84 percent, or $44,660.53; and
• Miscellaneous at 26.34 percent, or $49,516.67.
Eaton’s reports also identify categories that were down in comparison to December 2023, including:
• Construction down 15.38 percent, or $5,392.88;
• Information down 20.95 percent, or $8,086.66; and
• Other services (except public administration) down 22.09 percent, or $8,527.25.
2024 sales tax in review
Cumulative sales tax revenues in 2024 were about $618,605 higher than in 2023, according to data released by Eaton.
The cumulative 2024 revenue for January through December was $18,422,448 — about 3.5 percent higher than the cumulative sales tax revenue for all of 2023, which was $17,803,843.
Comparing sales tax data from 2023, the following categories saw revenue increases in 2024:
• Construction was up 6 percent, or $24,803;
• Manufacturing was up 19.6 percent, or $125,529;
• Retail trade was up 2.9 percent, or $283,506;
• Information services was up slightly more than one-half of a percentage point, or $1,815;
• Finance and insurance was up 24.7 percent, or $4,443;
• Real estate and rental/leasing was up 7.2 percent, or $24,719;
• Accommodation and food services were up 6 percent, or $190,881; and
• Other services (except public administration) were up 8.9 percent, or $26,374.
Categories that saw cumulative declines in 2024 include:
• Miscellaneous was down .09 percent, or $2,174 less; and
• Professional, scientific and technical services were down 24.7 percent, or $61,290.
