The last five months of the fiscal year showed steady growth in Maricopa’s business activity. The city reaped more than $1 million each month from January through June and easily outpaced last year February through June. City Finance Director Brenda Hasler said that coincided with construction and the opening of more retail outlets. Edison Pointe, in particular, boasted new builds and six new openings to generate more sales tax for the city.
In fiscal year 2017-18 (Graph 1 in green), Maricopa took in $12.5 million in transaction privilege tax, often called sales tax. The previous fiscal year, the total was $11.2 million. Retail and construction continue to be the city’s highest earners.
As shown in Graph 2, the FY18 total is the highest for Maricopa since before the recession. The city has a way to go before returning to those money-generating highs. In FY08, the city collected $18.7 million in sales tax.
This item appears in the September issue of InMaricopa.