By Dan Rudy
Sales taxes indicate businesses doing well
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Sales taxes collected by the City and Borough of Wrangell since 2006. Wrangell's rate has been set at seven percent since 1991, except for a three-year stretch in the late 1990s when food was exempted due to the economic downturn.
Sales tax returns indicate the spring and summer of 2016 to have been one of the best on record for the local economy.
From April through the end of October Wrangell collected more than $1,659,000, which is the most ever brought in during those two quarters – historically the city's busiest. When adjusted for inflation, only 2011 was a better season, but by only 0.7 percent.
The 2016 fiscal year as a whole came to a close on June 30, and returns for the year neared $2.65M. This made it second only to FY15, which brought in $2.68M in sales taxes, the crest of a rising trend since 2011.
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