Growing sales-tax base benefits Maricopa
The economic boon of more businesses and more construction is showing up in sales tax receipts.
According to the Arizona Department of Revenue, Maricopa businesses collected $15.2 million in “transaction privilege tax” during the fiscal year that ended June 30. Though that appears to be a 22-percent increase over the previous fiscal year, City Manager Rick Horst it’s not quite so.
“The actual number is about $14.4 million,” he said.
The extra $600,000 was paid by the state “in arrears” from the previous year after an audit cleanup, Hurst said.
