Sales tax collections continue to surge in Grand Forks. The City brought in just under $2 million for the month of November, the fourth highest amount ever recorded.
This marks the third time this year sales tax collections have made the top 10 list – and they represent three of the top four months overall. The November sales tax revenue represents the collections for the month of September 2012.
“We really don’t see any indication of this growth slowing down,” said Maureen Storstad, Grand Forks Finance Director. “Our 2013 budget includes a 5% increase in sales tax, and right now that seems like a fairly conservative estimate.”
Sales tax revenue for the City of Grand Forks is more than 9% higher than the same time last year.
For the 2012 calendar year, the sales tax collected totals more than $17.6 million, up more than $1.5 million from 2011.