TAXABLE SALES REPORTED TO Wyoming’s Department of Revenue and Taxation in July totaled $234.4 million, a jaw-dropping 94% increase over the amount reported in July 2020. A lag of about a month separates actual sales from when taxes are reported by the state, so July’s number generally reflects sales in June.

The growth was so big because the 2020 number was so small. In June 2020, Teton County was deeply in a COVID-related slough of taxable sales despond, so the July 2020 sales figure was lower than any July figure since 2013.

During fiscal year ending in July, all of Teton County’s taxable sales totaled $1.871 billion, 20.4% higher than during the previous 12 months and the county’s all-time record sales figure.

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 the report of July 1998.

The July 2021 number was so strong that the 12-month running total figure is now above where it was a year ago, and actually at an all-time high. In short the pandemic crushed the local taxable sales economy for about half a year, and in the last half-year it’s come roaring back.

Source: State of Wyoming

RETAIL SALES ARE THE BIGGEST category of Teton County’s total taxable sales. Retail sales reported in July totaled $68.5 million, 65% higher than the figure reported in July 2020.

Retail sales reported during the fiscal year ending in July totaled $756.2 million. This is the highest-ever total for retail, and an 25.4% increase over the previous 12 months. Sadly for local merchants, the single biggest growth area in retail has been online sales, not sales made in local stores.

Source: State of Wyoming

Recommended for you

(0) comments

Welcome to the discussion.

Please note: Online comments may also run in our print publications.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Please turn off your CAPS LOCK.
No personal attacks. Discuss issues & opinions rather than denigrating someone with an opposing view.
No political attacks. Refrain from using negative slang when identifying political parties.
Be truthful. Don’t knowingly lie about anyone or anything.
Be proactive. Use the “Report” link on each comment to let us know of abusive posts.
Share with us. We’d love to hear eyewitness accounts or history behind an article.
Use your real name: Anonymous commenting is not allowed.
The News&Guide welcomes comments from our paid subscribers. Tell us what you think. Thanks for engaging in the conversation!

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.