We talked here earlier this week about just why Durham's small projected increase in sales tax revenue might not be as big a deal as it seems at first glance, given the rapid growth in tax collection since the early 2000s.
Now, courtesy of the N&O's blog, a sign that things at the end of the holiday season might have even been a little better than expected:
Durham County got its December sales tax figures Thursday, a few days
earlier than expected, and the amounts were better than expected —
topping December 2007 take by more than 12 percent....
Bargain hunters taking advantage of reduced prices toward the end of the holiday shopping season might account for the rise, Ruffin said. After November sales-tax receipts came in more than 20 percent below those of 2007, he had feared a similar report from December.
Bargain hunters taking advantage of reduced prices toward the end of the holiday shopping season might account for the rise, Ruffin said. After November sales-tax receipts came in more than 20 percent below those of 2007, he had feared a similar report from December.
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