Taxable sales rise statewide, Clark County
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.
