THE TAXABLE SALES REPORTED TO Wyoming’s Department of Revenue and Taxation in March totaled $126.9 million, a more-than-healthy 13% increase over the amount reported in March 2019. A one- to two-month lag separates actual sales and when or take February; i.e., the heart of the winter season. During fiscal year ending in March, all of Teton County’s taxable sales totaled $1.658 billion, 6.5% higher than during the previous 12 months.

Source: State of Wyoming

LOOKING AT LONGER-TERM TAXABLE sales trends, the graph above shows the 12-month running totals of Teton County’s total taxable sales since March 1998. In the past decade-plus, total taxable sales peaked in the fall of 2008, went into a precipitous decline until summer 2010, and then stayed relatively flat until the fall of 2011. Since early 2013, total sales have been growing steadily: Between March 2013 and last month, total taxable sales have grown 62%, a compounded annual rate of 7.8%.

Source: State of Wyoming

RETAIL SALES ARE THE BIGGEST CATEGORY of Teton County’s total taxable sales. Retail sales reported in March totaled $41.3 million, a substantial 20.5% increase versus the amount reported in March 2019. Retail sales reported during the fiscal year ending in March totaled $614 million, a solid 8.6% increase over the previous 12 months, and only the third month ever that annual retail sales have broken the $600 million mark.

Source: State of Wyoming

Contact Jennifer Dorsey at jennifer@jhnewsandguide.com or 732-5908.

Jennifer Dorsey is chief copy editor and Business section coordinator. She worked in Washington, D.C., and Chicago before moving to the Tetons.

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