Mayor Don Wesely today said Lincoln’s economy continues to be strong and growing based on increases in construction, sales tax revenues and employment in the City.
New figures released today by the City Building and Safety Department show the value of construction permits issued in Lincoln this fiscal year is 54 percent higher than at this point last fiscal year. The number of building permits for the fiscal year to date is up 13.4 percent.
“This is a tremendous increase in construction investment in our community,” said Mayor Don Wesely. “It’s obvious that those making the investments feel good about doing business in Lincoln. When you combine this building boom with our continued growth in sales tax revenue and employment, our local economic picture is very bright.”
Net City sales tax collections for March were up 16.65 percent compared to the same month last year. The net sales tax revenue is up 11.75 percent for the first seven months of this fiscal year, which began September 1