By Matt Hinshaw | The Daily Courier
Buoyed by promising sales tax and housing numbers in recent months, government officials are optimistic about the area’s economic outlook.
Coming off of nearly two years of gradual growth, the City of Prescott is reporting a first fiscal-year quarter that reflects healthy increases in many of its largest categories.
“We’re back to a good, manageable incline,” Prescott Director of Economic Initiatives
Jeff Burt said of the city’s 4.7-percent overall growth for the first quarter (July through September).
Prescott Budget and Finance Mark Woodfill noted that the past quarter is just the latest example of the city’s gradual comeback. “It’s great; it’s been positive (since about early 2012),” Woodfill said. Prescott’s past fiscal year ended in June with nearly 6-percent overall growth.
Among all sales tax categories, Prescott’s construction increases have been among the most dramatic – up 15.6 percent for the past quarter, and up 8 percent increase in the previous fiscal year (July 2012 through June 2013).
