Taxable sales rise across Nevada, Clark County
Taxable sales across Nevada and in Clark County rose in November on broad gains in consumer-oriented categories.
Nevada’s businesses sold $3.97 billion in tangible goods in the month, up 6.9 percent from $3.71 billion in November 2013, according to the state Department of Taxation.
In Clark County, sales totaled $2.97 billion, an 8 percent gain from $2.75 billion a year earlier.
Sales inside local bars and restaurants — the biggest spending category, at 24.4 percent of the county’s total — grew by 4.5 percent year over year, to $724.7 million. Another large spending category, dealers of cars and car parts, also saw a 4.5 percent gain, to $304.2 million.
Other sectors with healthy sales gains included several categories related to housing. Retailers of building materials and garden equipment and supplies posted a 9.8 percent jump, to $96.3 million. Electronics and appliance stores saw a 7.3 percent increase, to $114.6 million. And spending inside furniture stores rose 5.2 percent, to $59.5 million.
Merchant wholesalers of durable goods, including office and factory equipment, experienced a sales spike of 11.7 percent, to $145.7 million.
Local construction-related spending was up nearly 16 percent, to $49 million.
Gross revenue collections from sales and use taxes, which help fund prisons and schools, were $313.5 million in November, up 5.7 percent from a year earlier. The general fund share of $78.9 million was up 5.97 percent.
The general fund portion underperformed forecasts of the Economic Forum, a nonpartisan group that sets revenue expectations for state budgets. November’s amount fell $5.6 million, or 1.32 percent, below the forum’s projections.
Contact Jennifer Robison at jrobison@reviewjournal.com. Find her on Twitter: @J_Robison1.
