City’s q3 report shows revenue and permits up, unemployment down news mohavedailynews.com q gastrobar leblon

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“For the city, valuation is something we don’t spend a lot of time on, because the city government doesn’t collect property taxes,” Cotter said. “Now, every other taxing district does, because the more valuation added, the more property taxes they collect; but when you look at those valuations, that’s a good indicator.”

Single-family home permits issued increased 35 percent over the number of permits issued in third quarter 2016, with valuations of $19,748,248, an increase of 38.6 percent from the same time frame in 2016. Commercial permits issued increased 19.6 percent, with valuations showing a 93.7 percent increase over third quarter 2016.

City sales tax revenue increased 7.7 percent over third quarter 2016. Intergovernmental revenues, including Arizona State Urban Revenue Sharing distributions, state sales tax distributions and vehicle license tax collections also increased over the same time frame in 2016.

Arizona Highway User Revenue Fund, made up of taxes and fees related to vehicle registration and operation including gasoline and fuel use taxes, motor carrier fees, motor vehicle registration fees and vehicle license taxes, increased 9.8 percent from third quarter 2016. Increased HURF revenues allow the city to continue street infrastructure projects.

Cotter also noted Bullhead City’s unemployment rate continues to drop, falling to 5.5 percent, a decrease of 1.7 percentage points from third quarter 2016 and 3.2 percent from third quarter 2014. The unemployment rate has dropped by 10 percentage points since 2010.

“This particular report, it shows that trend line on unemployment going down,” Cotter said. “For me there is a direct correlation between increased sales tax collection and unemployment rate; you can see that trend and I think that most people would know that more people working, that means that more people have money to spend.”

Laughlin tourism activity is pertinent because thousands of Bullhead City residents work in Laughlin, Cotter said. During the third quarter of 2017, more than 515,400 people visited Laughlin, an increase of 0.6 percent over the same quarter in 2016. The average resort occupancy rate was 68.9 percent, an increase of 1.2 percent over 2016 reporting. Gaming revenue increased 6.2 percent over third quarter 2016.

The report also details law enforcement activity. Criminal arrests increased 5.4 percent from third quarter 2016 and a total of 1,111 citations were issued, a 23 percent decrease from the second quarter 2017. From July to September 2017, there were 18,821 calls for service and police responded to 12,395 events.

From city community services, Bullhead Area Transit System reported total bus service ridership decreased 0.7 percent from third quarter 2016. The Senior Nutrition Center reported 6,287 meals delivered during the current period to homebound clients and 1,138 congregate meals were served at the center.

“I think overall the quarter showed some good trend lines,” Cotter said. “We’ll keep monitoring, because we do have infrastructure needs that need to be paid off, our public pension — that every city in Arizona struggles with — all those challenges are still there, but when you look at the total picture, it’s very positive and as we continue to move forward in 2018, I would anticipate continued positive growth.”