Increase in tax collections

According to a recent report from the Wyoming Economic Analysis Division, Hot Springs County showed a 15.5 percent increase in total sales and tax collections from the fiscal year 2017 to the fiscal year 2018, going from $4,608,121 in 2017 to $6,192,544 in 2018.

The entire state had a strong rebound, according to the Wyoming Sales, Use, and Lodging Tax Revenue Report, which is produced annually and contains sales and use tax collection information categorized by the North American Industry Classification System (NAICS) super sector. Total sales and use tax collections for FY 2018, reached $910.7 million, an increase of 15.3 percent from the previous year.

“Because of two consecutive declines in fiscal years 2016 and 2017, the amount of total sales and use taxes for fiscal year 2018 was still 15.0 percent lower than that of fiscal year 2015, before the economic downturn in the state,” according to Dr. Wenlin Liu, Chief Economist with the Economic Analysis Division.