Taxable sales up 1.8 percent in July
Buoyed by auto dealers and gasoline collections, taxable sales increased 1.8 percent statewide in July.
Gov. Kenny Guinn said that’s a good sign since the July 2001 numbers were up nearly 7 percent from the year before that. But he reminded Nevadans that isn’t enough to catch up with forecasts used to build the state budget.
“The fact remains that we need an overall increase of 10 percent for the year to reach the Economic Forum’s forecast,” said Guinn.
Auto dealers and gasoline sales increased 13.4 percent statewide in July, reporting a 13.4 percent increase in taxable sales compared with the same month last year.
Partly because of that category, Douglas County, which includes the Stateline casino coordidor, reported an excellent month — up 9.9 percent and Carson City reported a good month — a 3.4 percent overall increase.
In Douglas, where that category is growing steadily, the increase was 6.6 percent for the month — a total of $4.7 million in total sales.
In Carson, where automotive sales are traditionally the biggest single category, taxable sales for automotive and gasoline were up 7.8 percent to $23.35 million in July.
Carson suffered in several of its other major areas — most notably retail sales.. General merchandise stores were up just 1 percent while wholesale trade was down 3 percent, miscellaneous retail down 13 percent and many other categories turned in numbers that were flat compared with one year ago.
Douglas, however, had a good month in a number of areas in addition to auto sales and gasoline. The county’s biggest source of taxable sales, eating and drinking places primarily at Stateline, were up 5.1 percent for the month to $17 million. Food store sales, building materials, wholesale trade in durable goods and general merchandise stores were all up in July.
By contrast, Storey County numbers were down 15.8 percent for the month and Lyon County off by 14.1 percent. In Storey, that translates to a $730,000 drop in total taxable sales to $3.9 million.
Lyon County sales went down $3.5 million to $21.6 million in July. The largest drops taxable food store sales — which dropped 63 percent from $6 million to $2.2 million — and miscellaneous retail — down 16 percent from $2.1 to $1.7 million. Also down sharply was petroleum refining and related sales — from $1.4 million in July 2001 to $634,000 this past July.
Washoe County also reported a decrease in total taxable sales — 2.9 percent down to $448.5 million in July.
The total sales for the month statewide were $2.68 billion.
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