Bloomington retail sales see almost 16 percent increase

By WEEK Reporter

Bloomington retail sales see almost 16 percent increase

March 28, 2013 Updated Mar 28, 2013 at 9:50 AM CDT

BLOOMINGTON, Ill. -- The City of Bloomington announced Thursday that total retail sales tax receipts increased 15.91 percent in 2012.

Bloomington ranked highest in retail growth out of surrounding communities. For comparison, Peoria saw an increase of 5.34 percent over the same time period.

Bloomington's increase is almost 12 percent higher than the national increase of 4.2 percent.

"Strong performance from our local and national retailers led to year-over-year improvement in sales growth," City Manager David Hale said. "The positive trends we've experienced throughout the year show continued consumer demand and confidence in the local economy."

Local sales tax resulted in revenues of almost $30 million for the city. In 2011, sales tax netted the city over $26.5 million.