Posts Tagged ‘May’

Nevada Posts Double-Digit Gain In Taxable Sales In May, 23rd Consecutive Month Of Increases

By Sean Whaley | 3:02 pm July 27th, 2012

CARSON CITY – Nevada taxable sales jumped by double-digits in May, with consumers purchasing $3.7 billion in goods for a 10.4 percent increase over May 2011, the state Department of Taxation reported today.

Clark County taxable sales were up 10 percent, while Washoe County saw a 4.9 percent gain.

Photo by Tabercil via Wikimedia Commons.

All major taxable sales categories were up in May over May 2011.

Bryan Wachter, director of government affairs for the Retail Association of Nevada, said the broad increases across all major categories, from vehicles to general merchandise, is especially noteworthy.

“Things are starting to look good,” he said. “Obviously unemployment is still going to be a huge indicator on where people have disposable income, where consumer confidence is going, and the numbers would appear that people are reasonable in making purchases and feel like it.”

The largest increases were seen in the categories of Motor Vehicles and Parts Dealers, up 20.8 percent; food services and drinking places, up 7.8 percent, merchant wholesalers – durable goods, up 13.7 percent; machinery manufacturing, up 84.9 percent; and clothing and clothing accessories, up 8.9 percent.

Other categories showing increases included the construction industry, up 6.8 percent; general merchandise stores, up 6.2 percent; food and beverage stores, up 11.2 percent; furniture and home furnishings, up 3.5 percent; and accommodations, up 87.9 percent.

Fifteen of Nevada’s seventeen counties recorded an increase in taxable sales for May 2012 compared to May 2011, with only Lincoln and Lyon counties reporting a decrease.

It was the 23rd consecutive month of increases in taxable sales.

The sales taxes collected from the consumer activity are now about $34.5 million more for the 2012 fiscal year through May than what was projected by the Economic Forum.

Wachter said the upcoming back-to-school shopping season will provide further guidance on how Nevada’s economy will perform through the fall and holiday shopping season.


Audio clips:

Bryan Wachter, director of government affairs for the Retail Association of Nevada, says Nevada unemployment will play an important role in consumer confidence but the May numbers are great:

072712Wachter1 :22 these are great.”

Wachter says the upcoming back-to-school shopping season should be a good indicator of Nevada’s economic health for the remainder of the year:

072712Wachter2 :11 make some improvements.”





Nevada’s Taxable Sales Edge Down In May After Rare Up Month in April

By Nevada News Bureau Staff | 2:30 pm July 27th, 2010

CARSON CITY – Nevada’s taxable sales fell 1.9 percent in May over May 2009, a decline following April which saw the first positive month for the economic indicator in 20 months, the state Department of Taxation reported today.

May statewide taxable sales totaled $3.1 billion compared to $3.2 billion in May 2009.

Taxable sales are down just over 11 percent so far for the 2010 fiscal year, which ended June 30. One more month of collections, from June, must still be reported for the year.

Clark County taxable sales were down 1.4 percent in May to $2.3 billion, while Washoe County sales were off by 3.8 percent and totaled $425 million.

The largest increases in statewide taxable sales were seen in the categories of accommodations, up 23 percent; clothing and clothing accessories stores, up 10.7 percent; electronics and appliance stores, up 15.8 percent; professional scientific and technical services, up 19.3 percent; and telecommunications, up 14 percent.

Home furniture and furnishings also saw an increase in May, up 6.2 percent over May 2009.

Other major taxable sales categories were down in May, including the construction industry classification by 31.6 percent;, merchant wholesalers- durable goods, off 11.1 percent; motor vehicles and parts dealers, down 1.7 percent; general merchandise stores, off 0.3 percent; and food and beverage stores, down 7.2 percent. Bars and restaurants were down 0.7 percent.

Twelve of Nevada’s 17 counties recorded a decrease in taxable sales for May 2010 compared to May 2009. Esmeralda, Eureka, Lincoln, Pershing and White Pine counties recorded positive taxable sales for the period.

Gross revenue collections from sales and use taxes amounted to $248 million for May 2010 which represents a 3.3 percent increase compared to May 2009, and a 5.8 percent decrease for the eleven months of fiscal year 2010. Of this amount, approximately $2.7 million was collected under an amnesty program.

Compared to the January 2010 Economic Forum projections, the general fund portion of the sales and use taxes is 3.2 percent, or $21.5 million, above the forecast for the first 11 months of fiscal year 2010.

Gov. Jim Gibbons said Nevada’s taxable sales reports are showing signs of improvement, with six successive months of positive or single-digit declines after more than a year of double-digit declines.

“This administration remains committed to addressing these challenges by streamlining operations, improving customer services and maximizing the use of taxpayer dollars,” he said.

Senator Mark Amodei to Request Consideration for State GOP Chairmanship

By Elizabeth Crum | 1:41 pm April 22nd, 2010

Following this Tuesday’s news that he will represent Nevada on the Colorado River Commission, former state Senator Mark Amodei today decided to throw his hat in the ring for Republican state party chairmanship.

Amodei said he called the party’s Vice Chair, Sherry Dilley, to inform her of his intentions this morning, and that he will soon be formally requesting consideration from the GOP’s credentialing committee.

Amodei said he decided to seek election as state party chair because he believes that in tough political and economic times, active engagement is always the best answer.

“No matter what party or political viewpoint, there is plenty for everyone to gripe about right now,” said Amodei.  “I’ve always been the kind of guy who says, if you think there is a problem, going home and locking the door is not the answer.”

Amodei acknowledged that if elected to the chairmanship, there will be plenty of challenges in the time between now and the November 2 general election.

“It’s a dynamic election cycle, there is a lot on the line right now,” said Amodei. “There is the potential for great gains and great losses.”

Amodei said he does not anticipate any difficulty balancing his new appointment to the Colorado River Commission with the party chairmanship, should he be elected at party’s planned central committee meeting in Reno in mid-May.

“The Commission meets only eight to ten times a year,” said Amodei. “Some on the commission are also political office holders, so clearly it’s manageable.”

Amodei noted that the state party chairmanship is a non-paying position and joked that even if elected, “a guy still has to work for a living.”

“I’ll still be doing some consulting and practicing some law,” said Amodei.

Amodei served in the Nevada Assembly from 1996 to 1998 and in the Nevada State Senate from 1999 through his resignation from that office yesterday.

As part of his legislative service, Amodei has also served on the Public Land Committee, the Tahoe Regional Planning Agency Legislative Oversight Committee, and the Legislature’s Western Regional Water Commission Oversight Committee.