By J. Graber | Scottsdale Progress
Consumer spending is high, filling the City of Scottsdale’s coffers – but the same cannot be said about revenue from construction sales taxes, according to Scottsdale City Treasurer Sonia Andrews.
Between Nov. 1 and Dec. 24, Mastercard Spending Pulse – which tracks all payment methods, not just Mastercard – tracked an increase in total retail spending up 8.5 percent, Andrews told City Council last week.
That spending surge powered a 25% increase in sales tax revenue, or $14.3 million more than the $69.4 million projected for the year in the current city budget.
