TAXABLE SALES REPORTED TO WYOMING’S Department of Revenue and Taxation in March totaled $139.3 million, a healthy 9.8% increase over the amount reported in March 2020. A lag of about a month separates actual sales and when taxes are reported by the state, so March’s number generally reflects sales in February, i.e., the core of the winter tourism season. Monthly figures can vary wildly, so this number should be taken with a grain of salt. That noted, the figures are generally indicative of what’s going on. During the fiscal year ending in March, all of Teton County’s taxable sales totaled $1.596 billion, 3.8% lower 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 the report of 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 March 2020 total taxable sales grew a total of 53%. In the past 12 months the annual rate of growth has gone from 5.9% to minus 3.8%.

Source: State of Wyoming

RETAIL SALES ARE THE BIGGEST CATEGORY of Teton County’s total taxable sales. Retail sales reported in March totaled $50.4 million, 22% higher than the figure reported in March 2020. Retail sales reported during the fiscal year ending in March totaled $666.8 million. Thanks to the tenths place after the decimal point, it wasn’t quite the mark of the beast, but it did represent an 8.6% increase versus the previous 12 months.

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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