Taxable retail sales in Newton fell by more than $3 million in the last fiscal year, year-end data released by the Iowa Department of Revenue on Tuesday indicates.
For the period ending June 30, total taxable retail sales in Newton amounted to $249.5 million, a 1.31 percent decline from the $252.8 million recorded in the 2012 fiscal year. Countywide, taxable sales dropped to $317.1 million, a 0.75 percent decrease from the $319.5 million recorded the prior year.
This year's retail sales results reversed gains seen in the 2012 fiscal year when taxable sales in Newton jumped 1.63 percent and by 1.52 percent countywide.
Most communities in Jasper County recorded only minor percentage changes year-over-year. However, taxable retail sales in areas outside corporate limits jumped 80.59 percent in the past fiscal year to $1,641,767. Sully saw an 11.67 percent increase to $17.9 million while Monroe saw the largest decline falling 3.49 percent to $14.9 million.
The apparel retail sales segment saw the largest year-over-year percentage increase jumping to $2.37 million, a 42.7 percent increase over the $1.6 million recorded the previous fiscal year.
Other increases were seen in home furnishings, up 17.6 perent to $5.23 million and in the miscellaneous group category, up 10.3 percent to $29.4 million. The category is comprised of such entities as agricultural production and services businesses, contractors, and certain manufacturers.
The services group saw the largest year-over-year decline in the past fiscal year, falling 4.17 percent to $39.5 million.
The report also included year-end hotel/motel tax receipts including the two jurisdictions in Jasper County that collect the tax, Newton and Colfax.
In Newton, hotel/motel tax collections jumped 3.92 percent in the 2013 fiscal year to $288,464. That's 14.3 percent higher than the $252,304 in hotel/motel tax collections the city saw in the 2011 fiscal year.
Colfax saw a 4.6 percent increase in hotel/motel taxes, jumping to $50,177 from $47,966 the year before. However, that's down 23.3 percent from the $65,482 the city collected in the 2011 fiscal year.
Total taxable retail sales in the state for the fiscal year ending June 30 was $2,080.1 million, a 0.75 percent increase from the $2,064.7 million collected in the previous fiscal year.