Payson economy outpaced state in March
PAYSON, Ariz. – Payson sales tax collections were up 13 percent in March compared to the Arizona-shared sales tax increase of four percent in the same period.
Payson officials report new business operations, revived contracts and construction as signs for a growing economy in the area. Optimism is the word of the day as deals were done for a medical center operated by Banner Health Systems and a new parcel of land on the university campus for the Forest Service.
Payson Building permit revenues are up and local bar and restaurant tax receipts are up a whopping 62 percent. Overall retail gained 8 percent while hotels were up 6 percent last month.
Source: Payson Roundup