Wyoming – WY Cody sales, use taxes decline

Cody Enterprise

By RHONDA SCHULTE Feb 1, 2017 Updated 1 hr ago

“Midway through the fiscal year 2016-17 budget, the City of Cody’s sales and use tax revenue continues to head south as officials have predicted and feared.

The state government keeps 70 percent of all 4 percent sales and use tax revenues collected statewide. Towns, cities and counties share the remaining 30 percent.

“The biggest drop was the use tax,” Barry Cook, city administrator, said.

Use tax is assessed on items bought outside of Wyoming and brought into the state for use.

Finance officer Leslie Brumage reported a 39 percent decline in use taxes for the past six months. She compared the July-December 2016 total to the same time span in 2015″…

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http://www.codyenterprise.com/news/local/article_e973e530-e8c0-11e6-8fa4-a3e047c80279.html