Niwot LID hears from sales tax officials
November 13, 2019
Though many local businesses have reported lower earnings in 2019, year-to-date sales tax collections in the Niwot Local Improvement District are outpacing 2018 by nearly seven percent. To help explain the apparent contradiction and other district tax conundrums, the advisory committee invited LuAnn Pyatt of the Colorado Department of Revenue and Dave Thayer of Boulder County Financial Services to their monthly meeting on Nov. 5 for a discussion of how sales taxes are collected and distributed.
According to Pyatt, some growth is likely due to new state policies concerning sales tax collec...