Wrangell had best year ever in sales tax revenues
March 30, 2022
The borough set a record last year for sales tax collections, exceeding budget estimates for the fiscal year that ended June 30, 2021. And so far this year, sales tax receipts are continuing on another record pace.
Multiple factors are leading to the increase in sales tax collections, officials said.
The borough collected $3.26 million from its 7% sales tax on goods and services last year, about $300,000 more than in the pre-pandemic fiscal year 2019 and $600,000 above the 2017 number.
Sales tax revenues have exceeded budget estimates each of the past three fiscal years, particularly during...