Nevada Taxable Sales Slide Further
The Reno Gazette-Journal is reporting :
“The statewide 3.9 percent fall showed mixed results in key sectors, including construction-related spending, which jumped 18 percent. But other sectors slumped, notably restaurants/bars, down 15.9 percent, and motor vehicles/parts, down 12.6 percent — both reflecting rising energy and food costs that have sapped consumers’ wallets.
The report said sales tax revenues for the state General Fund are 7.2 percent below projections for the fiscal year ending June 30.”