Taxable sales rise statewide, Clark County
July 29, 2015 - 3:00 pm
Taxable sales ticked up statewide and in Clark County in May.
Sales of tangible goods sold by Nevada businesses rose 2.1 percent year over year in the month, to $4.34 billion, the state Taxation Department said Wednesday.
Sales in Clark County were up 1.9 percent, to $3.27 billion.
The biggest local spending segment — bars and restaurants, at nearly a third of the total — was one of the biggest gainers among major categories. The sector saw sales grow 8.1 percent, to $930.6 million.
Sales among stores that sell building materials and garden and equipment supplies rose 7.5 percent, to $114 million.
Dealers of cars and car parts saw a slight decrease, dropping 0.5 percent to $372.3 million.
Local construction spending fell more noticeably, slumping 9.2 percent to $49.9 million.
Statewide, gross revenue collections from sales and use taxes, which help fund prisons and schools, increased 3.3 percent year over year, to $340.2 million.
The General Fund share of $86.3 million was up 3.8 percent.
The General Fund portion was 0.5 percent, or $4.7 million, below the fiscal 2015 forecast of the Economic Forum, a nonpartisan panel that estimates revenue for state budgets.
Contact Jennifer Robison at jrobison@reviewjournal.com. Find @_JRobison on Twitter.