Local Economy and Sales Tax Trends
Summary
The EDC's report showed 2025 sales tax down 0.4% for the city, building permits down 20%, and visitation estimates down by 100,000 people in the last year. But merchants reported a strong start to 2026 and apartment occupancy has rebounded to 94%, with two new complexes likely to break ground.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 19, 2026.
Impact analysis
Sales tax revenue is slightly down year-over-year, which affects the city budget.
Business owners and the EDC gain data to guide planning.
Merchants report some stores down 20-30% despite flat aggregate figures.
Mentions & discussions (2)
City Council - May 19, 2026
The Chamber reported 2025 sales tax fell 1.2% (about $2 million in lost taxable revenue, hit by the fire and flood), but Q1 2026 rebounded up 4%. Apartment occupancy is strong and household income grew 35% since 2020.
City Council - Mar 3, 2026
The EDC's report showed 2025 sales tax down 0.4% for the city, building permits down 20%, and visitation estimates down by 100,000 people in the last year. But merchants reported a strong start to 2026 and apartment occupancy has rebounded to 94%, with two new complexes likely to break ground.
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