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Vermont Sales Tax Data shows uptick in Barre Area Economy

Vermont Sales Tax Data shows uptick in Barre Area Economy

2014 first quarter sales, January through March recorded for Barre City and Barre Town show an increase of  17.5 million dollars representing  more than 14% increase over 2013.  These figures are 5.6% greater for Washington County and the remainder of the State of Vermont . 

 Preliminary data for the 2nd quarter of the year, another increase of more than $17 million occurred which represented a 11.5% increase over 2013.  The State of Vermont and Washington County showed increases of 10.5% and 12.2% respectively. For the latest month reported, July of 2014, the gross receipts for Barre City and Barre Town were 2% above July of 2013.

 Of the totals, retail sales improved slightly in Barre City at about 2% in the first and second quarter, and dramatically in Barre Town, which has about 90% less in retail sales than the City, at more than 20%.  The later may be attributable to the opening of a Dollar General Store on Route 302.  

 The preliminary retail sales figures for the month of July 2014, which could change when updated, show a dramatic rise in sales in Barre City of  over $2,000,0000 representing a 23% increase for the prior year.  This helped offset a negative 2% in gross receipts for all categories.

 The trend for meals receipts were not quite as positive for both quarters, showing an increase in sales of slightly more than 1%, with alcohol sales declining at 1%.   The meals and alcohol receipts for Barre Town are not published.  The respected gross figures for meals receipts increasing by $126, 670 for the first and second quarters, and alcohol receipts declining by $18,824.   In July alone, the first month of the 3rd quarter, meals and alcohol receipts increase significantly.  Meals were up 5.36% from the year before, and alcohol sales were up 12%.

 

“The trend is definitely positive right now for the Barre area, but Barre like everywhere else in Vermont is dependent on a number of economic factors that we cannot control, “ says Mayor Thom Lauzon of Barre City. “Over a longer period, I am optimistic that we will continue to see growth across the board,” he adds.

 

 

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