I took a look sales tax data for Grand Forks this week. 2020 started off well for Grand Forks, well ahead of 2019. After that there were notable drops and changes to the point where it was well below levels from previous years.
In terms of the rolling total for the year we see that 2020 continues to stay ahead of the pace for 2019. There are broader concerns about the sustainability of economic performance as well as the local economic impacts on small businesses of the surge in COVID. That is not necessarily going to show up in a graph of collections. Purchases from online and people shifting to making food at home versus restaurants will not necessarily show up in these figures.
Obviously COVID changed the nature of purchasing by consumers. This graph shows the differentRead More »