Spending surges power gains in Clark County and Nevada taxable sales
Nevada's consumers were in spending mode in July.
Spending surges in key retail categories powered strong gains in taxable sales in the month, the state Department of Taxation reported Tuesday.
Statewide taxable sales rose 8 percent year over year, to $4.33 billion. Clark County's rate of improvement was even bigger, showing a 10.7 percent spike to $3.21 billion.
Among major local sectors, dealerships of cars and car parts posted the largest increase, with sales jumping 15.1 percent to $392.4 million. Spending inside bars and restaurants — the single-biggest spending category, at a quarter of the total — surged 9 percent, to $826.1 million.
Construction-related spending was down slightly, falling 1.1 percent to $58 million.
Gross revenue collections from sales and use taxes, which help fund prisons and schools, totaled $336.6 million in July, up 7.6 percent from July 2014.
July's General Fund portion of sales and use taxes was $76,900, or 0.09 percent, above projections of the Economic Forum, a nonpartisan panel that forecasts revenue for state budgets.
Contact Jennifer Robison at jrobison@reviewjournal.com. Find @_JRobison on Twitter.
