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LAYTON, Utah (AP) -- City officials say sales tax revenue generated from Layton businesses declined by more than $1 million in the fiscal year that ended in June.
A sluggish housing market is largely responsible for the decline.
City Finance Director Steve Ashby says sales tax revenues generated from businesses that sell building and construction supplies were down 45 percent, or about $500,000.
Entertainment revenues were down by 17 percent, while miscellaneous businesses such as crafts, bike shops and book stores, were down 12 percent.
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Information from: Standard-Examiner
(Copyright 2009 by The Associated Press. All Rights Reserved.)
