Lake Havasu City’s sales tax collection at a 10-year high
Lake Havasu City’s sales tax collections reached a 10-year high in 2018, and city officials are expecting even further growth this year.
The city’s sales tax revenues for 2018 were estimated last month at almost $9.9 million, about 7.9 percent above the city’s budget, and 12.4 percent higher than revenues in 2017.
Revenues were 9.9 percent higher in November than in November 2017, according to city tax records. Officials are expecting growth in sales tax revenue to continue this year, estimating about $2.2 million in sales tax revenue this month alone.
The bulk of Havasu’s sales tax revenue has traditionally been gathered through retail sales, and that trend is expected to continue this year.
City officials expect a 7 percent growth in retail sales tax collections, and an 8.4 percent growth in restaurant and bar sales tax revenues as well.