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October 14, 2010     Lovell Chronicle
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October 14, 2010

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10 I The Lovell Chronicle ] October 14, 2010 www. LovellChronicle.com Statewide sales tax sees significant drop, county increases PUBLIC NOTICE A report detailing several of the State&apos;s most significant revenue sourc- es indicates that total sales and use tax collections in fiscal year 2010 de- clined dramatically from the previous year. Economic Analysis Division pro- duces the annual report, titled "Wy- oming Sales, Use, and Lodging Tax Revenue Report." The 2010 edition contains sales and use tax collection information categorized by the North American Industry Classification Sys- tem (NAICS). In addition, sales tax collections for the retail trade Sector, which are itemized by sub-sector com- ponent, and for the accommodation and food services sector are provided in the report. Mso included in this publication are yearly lodging tax col- lections by local entity. Total sales and use tax collections for fiscal year 2010, at $782.0 million, declined 20.3 percent from the previ- ous year level, the steepest drop in Wyoming's sales tax history. The an- nual decrease rate for the state-im- posed 4 percent sales tax collections was 20.2 percent, compared to the 1.9 percent growth rate recorded in fiscal year 2009. Because locally imposed optional taxes often change during a fiscal year, an accurate comparison should only include the state-imposed 4 percent taxes to reflect changes in taxable sales over time. "The downturn in energy explo- ration, particularly natural gas pro- duction, dragged Wyoming's economy into a recession in late 2008 -- ap- proximately one year after the U.S. recession began," said Dr. Wenlin Liu, senior economist with the Economic Analysis Division. "So, sales tax col- lections have been slowing down dra- matically since March 2009." Sales and use tax collections in the mining, construction, and whole- sale trade sectors suffered the most substantial decrease of more than 30.0 percent, respectively, during the year. However, it is the mining sector alone that accounted for nearly one- third of the total sales tax decline. The State does not impose a sales tax on production of minerals, but on sup- plies and equipment used in mineral extraction. Additionally, certain ser- vices rendered within an oil or gas well site are subject to sales and use taxation as well as services rendered under contract for mining and crush- are from mining industry, the changes in total sales and use tax collections in Wyoming have been mainly affected by the dramatic swing in mineral ac- tivities in recent years," said Liu. Collections from the retail trade sector, which reflect consumers' daily 20,000- // / 10,000- / / o/ F 2005 Lodging Tax Collections I Big Horn County (Lovell and Greybull only) 2006 2007 2008 2009 2010 Information provided by the Wyoming Department of Administration and Information spending, reached $187.8 million in fiscal year 2010. This represented a decrease of 15.3 percent from a year earlier. The retail trade sector is the largest contributor of the industrial sectors in sales and use tax collections. Together with mining and wholesale trade, contraction from these three sectors attributed to 74.7 percent of total sales tax declines. Annual sales and use tax collec- tions in 21 of Wyoming's 23 counties dropped from previous year levels. Carbon, Lincoln, and Sublette coun- ties revealed the most staggering de- cline of over 30.0 percent, respective- ly, from the fiscal year 2009 level. Campbell, Converse, Johnson, Nat- rona, Sweetwater, and Uinta counties experienced at least 20 percent de- clines. Nearly all of these counties re- corded dramatically reduced activities associated with mineral exploration, which also triggered a tremendous de- scent in sales tax collections in the re- tail trade and other services sectors. Other industrial sectors, such as con- struction in Campbell and Converse counties, wholesale trade in Sublette County, and manufacturing in Nat- rona County also contributed to the shrinkage in sales and/or use tax col- lections. Areas without much mineral ing minerals .... exploration experienced the least "As about 20 percent of collectiong+: amount of suffering in fiscal year 2010. For example, the sales and use tax collections either grew slightly or declined less than 5 percent in Alba- ny, Big Horn, Crook, Laramie, Park, and Washakie counties. Big Horn County showed a slight increase of 3.1 percent from Fiscal 8,000,000- 6,000,000- o P' X -  4,000,000. 2,000.000- Use Tax Collections ($) Total Sales and W Big Horn County Year 2009 to Fiscal Year 2010; show- ing an increase from $6 million to $6.248 million, while the total tax in- creased from $7.5 million to $7.8 mil- lion. Big Horn County showed an in- crease from 2009 to 2010 in agricul- ture, forestry, fishing and hunting; transportation and warehousing, in- formation; financial activities; profes- sional and business services; leisure and hospitality; and other services. The county showed a drop in sales tax collections in mining, utilities, construction, manufacturing, whole- sale trade, retail trade, educational and health services; and public ad- ministration. LODGING TAX Total lodging tax collections, at $7.4 million for fiscal year 2010, were down significantly from the $8.1 mil- lion collected in the previous year, or a 7.7 percent drop. This followed the previous year's moderate growth rate of 2.9 percent. Five counties with a lodging tax imposition experienced expansions in lodging tax collections. However, growth for two counties was mainly due to a change in the tax rates. Campbell County resumed its 2 percent lodging tax in September 2009 after 3 years of suspension, while Gos- hen County raised taxes from 3 per- cent to 4 percent in April 2009. On the other hand, counties that experienced the largest declines in fiscal year 2010, included Hot Springs (-52.5 per- cent), Platte (-61.4 percent), and Sub- lette (-88.7) in which these losses were attributed to lodging tax expirations. For counties without tax rate changes, Lincoln County's lodging taxes recorded the largest jump, at 52.4 percent from one year earlier. Converse, Natrona, Sweetwater, and Uinta counties suffered declines of around 20 percent, respectively, dur- ing the year. The lodging tax collec- tions in Park County, the largest in the state, totaled $1.5 million in fiscal year 2010, showing a slight decrease of 0.3 percent from the previous year level. Although there is not a lodg- ing tax imposition, the sales tax col- lections on lodging services in Teton County showed a substantial decline of 11.0 percent from the previous year level. Big Horn County showed a drop of 12.4 percent in lodging tax from FY2009 to FY2010, dropping from $26,762 in 2009 to $23,447 in 2010. Over the past six years, the lodging tax, levied only in Lovell and Grey- bull, has ranged from $18,648 in 2005 to a peak in 2009. The complete report is avail- able online: http://eadiv.state.wy.us/ s&utax/s&u.html. 0" FY 2008 FY 2009 FY 2010 Information provided by the Wyoming Department of Administration and Information .tafmmenf nf ownan;hin UNITED.TTATE$ Statement of Ownership, Management, and Circulation POST.AL$RVlCE (All Periodicals Publications Except Requester Publications) 1. Publatlon line 2. Puica Nuemer 3. Rling Oee i B B F B B B ..... . ....... 1o 13121)11o10101 Oqtober l, 2010 I I I I I I I I 5. Number of Iue Published Annually 6 Annua$ 8 u bEc.dp Price 4,1ue Frequency $25 in county 7 Comolete Maing Address of K Offi of Pui= (Not tet) (Street.  ur state, and ZIP*) Contact Pem The LovelI Chronlcle, P. O. BO 787, 234 E. Haln, Lovell, I Dvd H. Peek Big Horn County. WY B2431 I Telep(IncJu#eaecode 307-548-22 ? i & Complete Mailing dm of Hesdua,l m GeraE Busine 0m of Publisher (NO ptnte D Same as Number 7 above Q. Full Names an4 CompleW air Addmss c Pbiher, Editor, and ManaQng dor (co no a tan Pu (N d comp tr#ng eddss) David H. Peck, P. O. Box 787, 234 E. Main. Lovell.  82431 Edr F an corm mr,g am=sJ Same as Publl.sher above Mn9 Edict (N= .d corm nla#g sddres) Same as Publisher above 10. Owner (Do no s t.. f U pub#caon + owned by a oomoraon, / the  end ad of e comor=to, day o y the  aria d= 01 OckhOe= own  ho;r  Pnt  mo or e al ent of toCk. t o y a corporeto.,  the P. 0. Box 787, 234 E. Han, Loyal1, WY 82431 Lovell Chronicle, Inc. P. O. Box 787, 23& E. Main, Lovell. WY 82431 Full Nm None The pullS, fundJon, Ifl noncoffi Itatu$ of Ihll olg4mizJIk an d itte ernpt Ibt us ft fedellM Im tax i)grpom: Q Hal mot Chlr4ed Crm0 PrOng 12 or C] Hlm Chlm; Ou+tng prlRlr, g t 2 Mths (=,r m.g lue+me extne  chlml vh ml l.m ) P$ FO 36, Slammer 2007"(Page I of 3 (Indies PBgl 31) pSN 7530-01 )CO-Q931 pRIVACY NOTICE: See r pnvacy o4icy  .ut, ps  13. Pu=liCa6on "i3tle 14 Issue Data fu Crlat Data Below 11e Love11 Chronicle September 30, 2010 1S. Extent Ind Nltum of Cllullon ArlQa o. oplel Eh I=1.1 No. Coplel of sl.la II.u+ OurlnQ PldnQ 12 Mo,tl Pub,ahld NIIzeat to F,InQ Oltl 2.3OO 2. 300 a. 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Pulltlon of armament of Owhlp I1 I) e pulitn  a genii IUicelion puUrtion of this smnt is rqured W, be pnnted D Publlcatior, not rquired Inme Orohr 14. 2nlg. issueoflblspulcamm I C 1 all [nfa rnld  thl, f , true Bd ete., uneM QI anyone who ml f=  mlsleadi ,f{t DO {has io or who  maa or inUon req*ted on me f y b subj o c,mlnal nce (Incluer nnel =n mponn) end/ civil ,ctnl (Inulng cM pnalllu) PS Form 3526, Spt.mk 200?Page  o 3) i Publish: October 14, 2010 Lovell Kod Club Love, 00hooti.g Complex 255 Hwv. Assle 0akley shoot pays I" P, 2 "+ l;uddy h00t wlss half the total p0t Extra prizes for White Targets i.olode the "xi's" for di..er All paPtlolpa.ts receive at least one turkey Turkey Card +I0.5/I0 sh0f r0usde REEf Choose insurance from the home-grown company that has covered its Wyoming neighbors for more than 60 years. Call your local agent and see what's available for you. Cindy Miller 1414 17th St. Cody 307-527-7564 800-851-2227 WWW.WYOMINGBLUE.COM TOUR