TAXABLE SALES REPORTED TO WYOMING’S Department of Revenue and Taxation in May totaled $73.3 million, essentially the same amount as reported in May 2018. A one- to two-month lag separates actual sales and when taxes are reported by the state, so May’s number generally reflects sales in, give-or-take, March/April, the end of the ski season. May marked the 26th consecutive month of total taxable sales growth versus the same month in the previous year. During the fiscal year ending in May, all of Teton County’s taxable sales totaled $1.57 billion, 5.9% higher than during the previous 12 months.

Source: State of Wyomng

LOOKING AT LONGER-TERM TAXABLE SALES trends, the graph above shows the 12-month running totals of Teton County’s total taxable sales since February 1998. In the past decade-plus, total taxable sales peaked in October 2008, went into a precipitous decline until July 2010 and then stayed relatively flat until the fall of 2011. Since early 2013, total sales have been growing steadily. Between January 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 May totaled $29.1 million, a 5% decrease from the amount reported in May 2018. Retail sales reported during the fiscal year ending in May totaled $568 million, a hefty 10.9% increase over the previous 12 months.

Source: State of Wyoming

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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