TAXABLE SALES REPORTED TO WYOMING’S Department of Revenue and Taxation in November totaled $115.2 million, a 14% decrease from the amount reported in November 2018. A one- to two-month lag separates actual sales and when taxes are reported by the state, so November’s number generally reflects sales in, give or take, October. Given when Thanksgiving fell this year, however, the large drop is likely a reporting anomaly that will result in a sharp jump in next month’s figures. During the fiscal year ending in November, all of Teton County’s taxable sales totaled $1.62 billion, up 5.3% over 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 February 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 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 November totaled $48 million, a 13.8% decline from the amount reported in November 2018. As with total sales, that big drop is likely the result of a reporting anomaly. Retail sales reported during the fiscal year ending in November totaled $589 million, a solid 7.4% increase over the previous 12 months.

Source: State of Wyoming

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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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