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HomeMy WebLinkAboutCity of Boulder Sales & Use Tax Revenue Report May, 2004City of Boulder ~ . ~~. ~~ TaX Revenue Re ort ~~i" Sales & Use p -~,~ . ~ ~i May, 2004 ~~ T--~--a ~..i_. i ~ ~nnn T'his report provides information and analysis related to sales and use tax collections for tiscal year 2004. Any questions should be directed to Steve Felten, Acting Finance Director, at (303) 441-1819. We are pleased to report that total sales and use tax collections for the year-to-date through May 2004 showed a S.l% increase over the comparable period in 2003. All tax categories other than business use tax showed increases compared to 2003 (adjusted for the change in tax rate), as can be seen from the tables included in this report. Recognizing that C~ of Boulder leading indicators do not necessarily correlate with those in Boulder Countv, some factors such as consumer confidence and increases in disposable income in the area do impact purchasing activiry within the Citv. Therefore, the following economic predicrion by Dr. Richard Wobbekind in the April 15, 2004 Boulder Counn~ Busi-iess Report may be at least partially predictive of trends in C~i~t revenue: For the third consecutive quarter, the Boulder County Leading Economic Indicator increased from 101.6 to 102.4. This rise in the local LEI suggests that the jobless recovery is behind us, and that there will be second quarter employment growth in Boulder Va11ey...Another sign of the improving economy is the lower unemployment rate...The Boulder County unemployment rate (was} 5.2°4~ for January (2004), a full percentage point below the prior year. ... Continued modest employment ~ owth is expected. Data published by the Colorado Department of Labor and Employment indicate a Boulder Counry unemployment rate of 4.1% for May 2004 compared to ~.7% in May'003. [n addition, the "Monthly Economie Summary" of Metro Denver (which includes Boulder County) for July 2004 noted several positive economic factors which point to continued improvement in the local economy. On the other hand, the July 9, 20U4 issue of the Daily Camera reported that "from January through June, Boulder County registered 264 foreclosures, a l7% increase from the 225 in 2003...", although the rate of increase in foreclosures appears to be slowing. So while there are positive signs of a turnaround in the local economy, there are also indicacors that would lead one to be cautious in predicting that turnaround with certainty. Again, it must be noted that ~eneral economic improvement will not overcome the basic negative change in competitive position in both retail and jobs. But, at some point we expect a new lower base to at least stabilize and experience modest growth from that point forward. With the exception of the current month, monthly retail sales tax results have shown improvement each month in 2004. Hopefully, this may signal that we have reached the new lower base in the retail sales category, which makes up about 80% of sales and use tax revenue. REVENUE C0~IPARISONS As illustrated in the following chart, May ?004 actual vear-to-date sales and use tax re~enue has increased by 5.1 °'o over the comparable period in 2003. ( Note: All ""~o Change" amounts in the ta6les and text have been adjusted to retlect the change in tax rate from 3.26% in 2003 to 3.~1°'o in'004 so that compansons retlect the underlying sales base and are consistent. Also, all $ amounts in this report are now presented in thousands of ~lollars and a"S Change" column has been added to certain oi'the tables. All ~lollar amounts are presented in nomina] amounts - i.e., 2003 tax and "$ Change" amounts have not been adjusted for the change in the tax rate.} V(~Y YE~R-TO-DATE CONIPARISOfYS-2004 VERSCS 2003 Tr1.~C CATEGORY % CH.~~IGE % of TOTAL Retail Sales Tax 2.5°io 80.1% Business Use Tax -1.6% 1 I.0°% Construction Use Tax 55.?O'o ~.3% titotor Vehicle Use Ta~c 8.b°,% 3.2% Refunds -92.0°'0 -0.1 °.'o Total YTD Sales/Use Tux 5.1 % 100.0% There were several nonrecurring items and timing dififerences during the first five months of?004 that overstate the increases reflected in the table above and some of the other tablcs in this report. Adjusting for these items, Total Sales ~Yc Use Tax increased approximately 4.6% (as compared to the 5.1 % indicated above) and Retail Sales Tax inereased approximately 0.8%. Business and Construction Use Tax can fluctuate significantly from month to month depending on the level of equipment purchasesileases and construcrion projects in any given month, as evidenced in the table below. Of greater significance for identitying trencis is the percent change month by month for the year. REVENUE CATEGORY JAN FEB 1~IAR APR MAY JtiNE Retail Sales Tax 8.~°,'0 2.9'!'0 0.7°,'0 1.4",% 0.0°% Consumer Use Tax (incl. motor vehicles) 17.4% 22.7°'0 2.~°'~ -19.1% -11.8°% ' Construction U se Tax 93.0% l(~1.1 °'0 166.2% 96.8°'~ -47.=4°% Total 1~.6% 9.5°'0 ~.0°.% ~.0"a --1J% The overall decline in sales and use tax in May was primarily due to a decline of $187 thousand in construction use t:uc, which as indicated above can fluctuate significantly from month to month. Retail Sales Tax: Year-to-date the retail sales tax category has increased 2.5%, which makes up approximately 80;% of sales ! use tax revenue. Most industry types and geographic areas in the City are positive compared to 2003. The primary reason for the lack of growth in retail sales tax is due to a decline in business-to-business sales in the Computer Related Business industry sector. This sector is heavily influenced by the national market for technology purchases by businesses. On a more positive note, core consumer retail (apparel stores, home fumishings and general retail) showed positive growth in the first five months of ~004 compared to the same period in 2003. The following chart details the "core consumer retail" components. CITYW[DE CORE RETAIL SALES TAX -~'IAY YTD 2004 VERSUS 2003 ~in 1,000's) Cate ~orv Z003 ZOU4 Variance A arel Stores ~749 ~8~4 5.1 `% Home Furnishin s ~81 944 ~.=3% General Retail -~.-4 i 9 ~ -l.?87 2•2°b Total ~6,109 56,555 2.6% TREtiD :~NALYSIS The ~ aphs on the following pages illustrate percenta~e change trends by tax category over the three-year period, "'002-2004, the sales 8c use tax hy category cotlected since 1999, the percentage change in 3eographic areas, and the proportion of the total generaced by each category of tax. All of the information is through May. ~ 80% ~ 60% a~ ~ p 40% ~L fl. ~ 2O ~~O 0 L ~ N O~IO a~ _ v -20% a° ~0% -60% Sales 8~ Use Tax Trends ,, ^ Retail Sales 30, 000, 000 25, 000, 000 20, 000, 000 15, 000, 000 10, 000, 000 5, 000, 0~0 Sales 8~ Use Tax Collected by Category 1999-2004 ~ Retail Sales Tax ^ Business Use Tax ^ Construction Use Tax ^ Motor Vehicle Use Tax 1999 2000 2001 2002 2003 2004 P Sales & Use Tax by Area 15% L ~ >, ~ ~ % L 0 'L 5% ~. p ~% ~ ~ ~ -5 % ~ c~ v -10% ~ 0 -15% ^ BVRC ^ Pearl Street Mali ^ Univ~ersity Hill p All Other ^ Total Sales & Use Tax by Category Moto r Construction Vehicle Use Use Tax ,. ~ Tax 6% 3% _ ,~r~, Business Use Tax 11% Retail Sales Tax SO% Significant increases / decreases by tax category are summarized Uelow: YTD RETAIL SALES TA~C STRENGTHS: WEAKNESSES: ^ Food Stores up 15.0% (largely due to timing • Computer Related Business down 37.6°/o differences) • All Other [ndustries down 9J% ^ Eating Places up 4.6% ^ North Broadway down 20.0% (due to large one- ^ Core Retail Categories (Apparel Stores, Home time activity in 2003) Furnishings & General Retail) up 2.6% • Out of State down 17.9% ^ Transportation/Utilities up 7.3% ^ Automotive Trade up 3.9% ^ Building Material - Retail up 13.2% • North 28`h St. Commercial up 6.0% ^ BVRC up 9.9% ^ Pearl Street Mall up 4.3% ^ Public Utilities up 8.l% YTD USE TA~C STRENGTHS: WEAfCNESSES ^ General Retail up 178.9% (primarily due to a large ^ All Other lndustries down 33.9% (primanly due to audit assessment) large audit assessments in 2003) ^ Construction Use Tax up 73.4% • Boulder lndustrial down 34.2% (due to a large audit ^ N. Broadway Annex up 9,077.7% (due primarily to assessment in 2003) construcrion activity) ^ All Other Boulder up 58.7% (primarily due to construction activity and a large audit assessmentj • Out of State up 183.9% (primarily construction related) ^ Gunbarrel Industrial up 22.4% ^ Cou~ty C(erk up 8.6°% (represents taxes associated with urchases of motor vehicles) OTHER TAYES • Accommodations Tax is up by 3.9%. • Admissions Tax is up by 16.8%. BUDGET IMPLIC~TIOIVS T'he 2004 May vear-to-date total sales and use tax collections are in line with the amounts budgeted for the fiscal year. CHANGE IN G~OGRAPHIC AREAS [n reviewing the tables included in this report you will note that sales and use tax data for Crossroads Mall is no longer provided. Amounts previously ret7ected in the Crossroads '.Vlall category are now reflected in '`Boulder Valley Regional C~nter'. Due to contidentiality requirements in the Boulder Revised Code we are not allowed co disclose information on individual tax Yilers. Due to the fact that Crossroads Mall is approaching the point of being one business, we have temporarily decided we must cease reporting this category separately. Once redevelopment of T4venty ~inth Street is under way and new businesses are open we wi11 again provide separate da~a. '004-05 Revenue Kepon - Memo (All amounts in thousands) Net Sales/Use Tax Receiots bv Tax Cateao Sales Tax ............................................................................................................................... Business Use Tax ............................................................................................................................... Construction Use Tax ......................................................................... _................................................... Motar vehicle ..............................~--••---~-----•-•---............_................................................................ Refunds Total Sales 8~ Use Tax Net Sales/Use Tax Receipts bv Industrv Tvpe Net SaleslUse Tax Receipts bv Geoqraphic Area Miscellaneous Tax Statistics MAY YTD Actual 2003 2004 5 Change % Change % of Total 21,160 --._...--~ ................... 22.692 ................ .. 1.532 . .. . . . 2.5% 80.1 % . . ............. 3.015 .. . . .. ......... 3,102 ... . .. .... .. ........... 87 ............................. -1.6% ............ . . 11.0% ...................... . .. 1.019 ............_ ............... ............................. 1,654 ....... . .. . . ............................. 635 . ............................. 55.2% ............................. 5.8% .. . . 801 ............................. . . ... .. ......... 910 .................... ...... ......................... ... 109 ................... ... .. ............................. 8.6% ...................... .. . 3.2% .................. (227) . .. 19) . . .. . 208 ......................~-•---- -92.6% •---....... -0.1% 25.768 28,339 2,571 5.1% 100.0% MAY YTD Actual 2003 2004 S Change °!o Change 9~< of Total 3,628 4,359 731 14.9°/a 15.4% ............................. 3,119 ............ . . . . ............................. 3,399 .. .. . ............................. 280 . ............................. 4.2% ............................. 12.0°/a .............. ... . .. .... ... 776 ............... ........... . ... .. ................... 825 ...................... ...... 49 ............................. 1.6°/a ............... 2.9% . .......... . . 885 ............................. ............................. 946 .... . . . ... ............................. 61 ............................. 2.2% ................. . 3.3% .. ................. 4,637 ............................. . ............. .. . .. 5,245 ............................. ............................. 608 ............................. ............................. 8.1% ........ .... .. .... .. .. ......... . 18.5% ............................. 2,532 ............................. 2,884 ............................. 352 ............................. . . .. . . . 8.9% ..... .. ....... ......... 10.2% ............................. 2.125 ............................. 2,348 ............................. 223 ............................. . .... . 5.6% ............................. 8.3% ............................. 616 .. 730 114 13.3% 2.6% . . . . ........................... 904 .... . . ............................. 1,640 ..........._................ 736 ............................. 73.4% .................... .. . . . 5.8% . . ......... .. . ...._.............. 90 ............................. 94 ............................. 4 ............................. -0.1 % ............... .. . 0.3% ............................. 51 4 . ............................. 497 ............................. (171 , ............................. -7.6% ............................. 1.8% .............. . ... ........... ... ..... ..............~,830 ... . ..... ........... . ...... 1,764 ............................. ......... .......... ... . ...(66) ................ ................. ........... ...............:78% ............... 6.2°/a ............................ 4:339 .............. . . . ...... 3,627 ............................. (712) .................. ......... ............ 20.1% . ........... 12.8% ............................. (227 !19) 208 -92.0% -0.1% 25,768 26.339 2,571 5.1 % 100.0% MAY YTD Actual 2003 2004 S Change % Change % of Total .............452 ..... .. ......371 ............ ... .....(81) .............. ....., -21.5°'0 ............................. . 1.3% ............................ 1,822 ............................. 1,822 ............................. - ............................. -4.4% ............................. 6.4% ............................. 160 166 6 -0.8°/a 0.6% ................... ............................. 356 . ............................. 418 ............................. 62 ............................. 12.3% .......... 1.5% ........................ .. . .............._........... 237 ............................ 330 ............................. 93 ............................. 33.1 % .. . 12% . ............ ............................. 1,733 ............................. 1,947 ............................. 214 ............................. 7.4% .............. .. 6.9% . . ................ ............................. 53 . . . . ............................. 441 ............................. 388 . ............................. 695.5% . .. ......... . . 1.6% ...... ............ ..... .... .............. ... 341 ......~..................... 323 ...................... ...... ~18) ....................,.... . :9:4% ,........ .. _~ :1% ....... ... ........_. 472 . ....... ... .......... 504 . ..... .............. 32 ... .... ........ . . .- - 2.1 % . .....--~~---.... 1.8°/a . ............ ............................. 6,220 ............................. ............................. 7,111 ............................. ............................. 891 ............................. ............................. 9.3°/a ............................. ............... . 25.1% ............................. 708 730 22 -1.4% 2.6% . .................., ............................. 396 ............................. 479 ............................. 83 ........_................... 15.6% ....... .. 1.7% .. ......... . ............................. 1,260 ............................. ............................. 1,706 ............................. ............................. 446 ............................. ............................. 29.4% ............................. ................. . 6.0% ............................. 240 329 89 31.1 % 1.2% . .. .. .. ............................. 835 ............................. 856 ............................. 21 ............................. -2.0% .................. . . .. 3.0% ................. . ............................. 45 ............................. 40 ............................. S5~ ............................. -15.0% ............ 0.1 % .......... .......... . ............................. 2 607 . . ...............:........... ............................. 2,373 ............... ............. ....................... ... . (234~ .................. ........ . ............................. -13.0% ............................. ....... 8.4% ............................. . 6 . 2 (4) -68.1 % O.Q°/a ........................... . ............................. 1,202 ............................. 1,584 .. .................... ... 382 ............................. 26.0% .. 5.6% ........................... . ............................. 339 ............................. 353 ............................. 14 ............................. -0.5% .. 1.2% ....................... . ............................. 756 ............................. 809 ............................. 53 ............................. 2.3% ...... 2.9% .................. . . ............................. ...2:901 ... . . ...... . ............................. ...... 2:543... ..... ............................. .................~3581 ............................. . .. . . .. . ............:16:2% ......... . .................9:0% . .. 28? . . 1 50 ~131 ) -49.0°/v .........0:5% ... . .................. ... 801 ..... . ............. . 910 ................. . 109 . ............................ 8.6% .. ...... 3.2% .................... . . ............................. 1.772 .. ............................. ............................. 2,061 ............................. ............................. 289 ............................. ............................. 11.2°,0 ........................ .. ....... . 7.3% ........ .. ................ i 227) I'191 208 o -92.0 /0 a _ 0.1 ;o 25.768 28.339 2.,571 5.1 % . . . . . . ? 00.0°/n .............................................................................................................................. Computer.Related Business Sector .... ......................................................................._........... All Other .. ........................................................................................................................... Refunds Total Sales & Use Tax Total Sales ~ Use Tax TOTAL CITY SAl_ES 8~ USE TA REVENUE CATEGORY X COLLE YEAR CTIONS - JAN BY M~NT FEB H 8 CAT MAR EGORY APR (amount MAY s in thou JUN sands) JUL ' AUG 04 5 SEP 6 125 4CT 4 909 NOV 164 5 ' DEC 7 732 I TOTAL 64 445 °/a Chg 11 3% 9 342 4 4 713 5 494 4 694 236 5 6,110 4,886 , , , : , , ~ _ _ , . _ RE7AIL SALES TAX - -- _ - -- ---- - _199 2000 -- _ , 451 4 - --- , 116 5 , _ 067 6 , _ 726 4 , ---- 4,848 _ _-- 6,374 4,943 __ . 5,153 _- _. 6,856 _-- 5,225 _ 4,858 _ 8,080_ 66,697 3.5% -- - - - - - --- 20D1 , - -- 4 958 , -- --- 489 4 , - 6 247 , 4,636 _ _ 4,824 _ 6,190 _ 4,464 4,841 5,889_ _ 4,792 4,519 6,822 62,671 ---_ -6.0% ~_._ . - __ ---, 2002 ~ , - --- 539 4 , -- 3,904 , 4,958 4,545 4,682 5,663 4,381 4,725 5,570 4,169 _4,316 _ 6,273 57,725 -7.9% - - - --- - 3 _ , 872 3 _ 875 3 055 5 4 093 4,265 5,232 4,168 4,664 5,172 4,288 4,247 5,940 54,871 -4.9% -- ~ 200 2004 ` , _ 394 4 , 170 4 , 327 5 , 340 4 4,461 _ - - - - - . _ -! ~ 22,692 i _ na _ _ , --~- , -- - , -- , ---- - - _ _ --- -- - - -- - - -- --~ ear (Month) nor from Ch - - ° 8.5 /o --- 2.9% - - 0.7% .4% _ .0 o _ - - a a _ a - n - _ -- - ~ p ange YTD ear m rior f Ch ~ ~ _---- --- 8.5% -- 5.7%o -___ 3.7% - 3.2% - _2 5°o - - na na _ na _ na __ na _ _ na _ _ _ _ en e ro - - -- - `-~- - P - y- _ - -- -- - --- CONSIJMER USE TAX _ ----- -- --- - _ 1999 2000 _687 699 719 785 879 989 _ 586 810 688_ 714 914 1,055 ____ 969 788 868 946 _1,087 1,295 687 697 572_ 901 1,476 _1,420 10,132 11,099 5.2% 9.5% - --- - 2001 1,166 899 _ 1,772 - - -- _ 909 -- 889 ----- 1,428 1,012 ---t 975 --- - 956 --- 1,415 749 - 1,091 - - - 13,261- 19.5% - -- - ---- --- -- - - 2002 -- - 716 - -- 566 1,294 784 497 1,092 809' _671 648 76 __ _2 , ___ -. o - -. 2003 _ _. 798 518 _ _ 836 878 786 963 657 819 915 635 1,046 1,053 9,904~ 2.9% --- - - ; 2004 ! 980 _ 665 _ 899_ 743 725 _ _- _ -- - - _ _ _ - - i . .. 4,012 '; _ na _ -_ 4% 17 22 7% 2 8% 19.1 % -11.8% na na na na na na na Change from prior year (MonthZ ear YTD rior f ~ ( _ . ~17.4% _ 19.5% . __ 13.0% = 3_7% - _ d.5% na _ na __ na na na - __ na - _ na _ _ rom Chan e - - - - ~ p-Y- -- --- CONSTRUCTION USE TAX 1999 154 172 224 214 _ 241 316 _ 170 216 420 _136 __159 145 2,567 -0.3% ------~~- _ 2000 _ _ 239 477 168 364 - 355 -- 141 - 388 - 254_ --- 229 -- 259 - 174 - 250 ----- - 3,298 28.5% - - - - -- --- - -- 2001 ---- 191 --- 331 -- 173 71 _ 198 187 27_ _ 311 71 _-1 _ 1 - - . o - -- -- 2002 _ -- - 214 566 _ 282 443 215 1,182 195 198 158 167 167 384 4,171 - 41.9°/a - -- - -- -- 2003 - -- 104 --- 122 139 238 _ 416 675 220 260 239 __ _ 162 _ 293 368 3,256 -21.9% - - , 2004 ' 210 337 __ 387 490 _ 229 _ - - _ - _ - - - - ~ 1,653 , ; na - - - - -- -- - -- -- M th - - - -- ~ 0 fo 93 - ° 1 /a 164 -- 166.2% - 96.8% - -47.4% na na na na _ na na na - _--- - on ) Change from pnor~rear ( ear (YTD) rior e from Ch - - . - --- 93.0% . --- 131.4% --- 144.6% _ 125.8% __ 55_1% - na ___ na na ___ na na na na _ y p ang T~TAL SALES 8~ l1SE TAX _ ---- 1999 2000 _ 5,137 5 387 5,574 374 6 6,495 209 7 5,469 5,879 6,116 5,917 _ 7,334 7,552 _ 6,020 6,077 6,120 6,353 7,625 8,376 _5,730 6,175 5,844 5,756 9,350 9,743 _76,814 80,798 9_6% 5.2% " -- 2001 , 312 6 , 640 5 , 172 8 5,688 5,910 7,805 5,700 6,119 7,3t3 6,521 5,463 8,073 -- 78,716 -- -2.6% - - - -- 2002 , __---- 5,468 4 740 , --- 5,036 506 4 , - - - 6,521 023 6 - 5,772 074 5 ------ 5,391 5,425 - 7,923 6,794 -- 5,384 5,045 --- 5,584 5,742 -- 6,255 6,257 5,082 5,081 5,11~ 5,585 7,800 7,334 71,326 67,606 -9.4% -5.2% - -- _------- - 2003 . - 04 ~ , ---- 583 j 5 , - 5 161 , --- 612 6 , - 572 5 - 5,409 _ - - - - _ - - - - 28,337 na 2a , , , , - - - -- .. __ - Month ear m rior f ~ ) - - - --.. 12.6% ___._ 9.5°/a 5.0% _ 5.0% -4.7 o na - _na _ na na n _ _ _ _ ro Chan e g - P-- y- -- - ear (YTD) ior f --- ~ 12.6 /o 11.1 % _ 8J% 7.7°/a 5.1 °/a _. na na --- na - na na na na - --- - rom r _ Change ---- P - y- - -- - - - - -- - Rate chanyes: 1996 - 2.86~;, to 3.11 %; 1998 - 3.2fi%; 1004 - 3.41 % _- COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR THE YEAR 2004 TO COMPARABLE PERIOD IN 2003 (amounts in thousands) USE TAX BY CATEGORY SALES TAX BY CATEGORY MAY YTD Actual MAY YTD Actual 2003 2D04 $ Change % Change Standard Industrial Code 2003 2064 S Change % Change .25 ....... 23 ......................... (2~ ......................... -12.0% ....._................... _Food Stores ....... . .................................................. 3,604 .......................... 4,336 ........................... 732 ........................... 15.0% .......................... ...54 ..._.......... .. ...45.. ......_..._. . ......(9~ ............. . . -20.3% ...._......._....... Eatin~.Places .. ..._..............._. _...._. ............... ....... 3:065.. ..........3.354 ...~_ ~.289 .. .......... ..4:6% ..................~~.. . ~ ...._........._. .. ................526~ ....M_ :96:5% . .......A.P.P..arel Stores__.................. ....._..._. ...............749.. ................824.. ...................75.. ..............5.2% ....................4.. .....................~. ....................5~1 . :52.2% ........... ........_.. .Home Furnishin9s.................. ................ ....... _......... .......... 881 ......_...._._......... 944 ........................... 63 ...._........._.......... 2.4;5 .......................... 157 ........_ ................ 458 ....._.........._....... 301 ......_.__......._.. 178.9% ......_._...._...._.. General Retail ..............__...._........................._...............--~--...... 4,480 .._..._.._............ 4,786 _..._..........._....... 306 .......__._....------... 2.1 % ....._..........._...... 79 .......................... 132 .......................... 53 ........................... 59.7 /e ...................... ~.. TransportationlUtilities ............................................................................. 2,453 .......................... 2,752 ........................... 299 ...--~-••--•----........... 7.3 /o ..................... ~.. 808 ._ ....................... 918 .......................... 110 .......................... 8.6% ...__.._..____. Automotive Trade ...._._..._........._...._...___.__..__._._..._......_.... 1,317 ......._......._....... 1,431 ........................... 114 ..._.__..._.._........ 3.9% __......._..._........ 6 .................... ... ... 8 .................._. .. .. 2 ..................._ ... ... 27.5 /o ..._..........._ ~ _. ... .Buildin~.Material:Retail ......... .. ... 610 ..................... ... .. 722 ..............._.... ... ... 112 ..................... ... ... 13.2 /a .................. ~ ... .. 904 ......._ ..............._ 1,640 .......................... 736 ........................... 73.4% ....._.................. Construction Use Tax ........._........._......_....__._.._...._......_._...._...... ....._..._...._..._... - _................_._... _.._._.._........... na .......................... ....___ ................. - ._........._............ - ........................... na __........_.......... Construction Sates Tax .............................._.........................~................... 90 ...._._..._........... 94 ......_........._........ 4 .............».......... -0.1 °'o ................._....... 46 .......................... 18 ........... ~28~ ........... -62.6% ......................... Consumer Electronics ........... .............................................................. 468 .......................... 480 ........................... 12 .........._........_..... -1.9°/a .......................... 862 _.._............__.... 1,132 ._ ....................... .270 .........._. .. .. 25.5% .._.._......_..._ .. Computer Related Business _....._.._........._..._._._..._.._.............._.._........... 967 ........~_............ 631 _......._........_...... (336) .._......_.............. 37.6% ....._............... .. 1,863 1,289 (574} Q 33.9/o AllOther 2,476 2,338 138) o -9.7/0 4,835 5,666 831 12.0% .............................................................................. Total Sales & UseTax 21,160 22,692 1,532 2.5% MAY YTD Actual MAY YT~ Actual 2003 20U4 S Cha~ge % Change Geographic Code 2003 2004: f Change % Change ...25_ ~.._..___. _.._....._._.13 . . .. .. (12~ .................. ...... . 50.3/0 .........: .......... ~.. _North.BroadwaX.....__ ........... ....__..___. ............_428.. ................358.. ........._.__..~~~). ..........:20:0% 234 144 ........ 90 .......... ~ ~ -41.2°/a ...................... .Downtown (former CAGID . ..................................----.................~....... 1,588 ......._................. 1,fi78 ................ 90 .......................... 1.0% ......_.............._.. 6 ..._......_.»_._». 12 ....».........w........ 6 ..._..._...__._...... 91.2% ._......_...._.... Downtown Extension ....____._............_._..........._____ ..............W._ 153 .._..__...._........ 154 _.._..................... 1 __._._......»........ -3.8% ...__..__..._...._.. .......51) ........._. . ..49 .. ............... ...................50 ... ...................na .. .......UHGID (the."hill'~..,............... ............ ................ . 358 ......................... 369 ........................... 11 ........................... -1.5% .......................... 5 ............._._........ 39 .._............_._.... 34 ........_....._.......... 645.7% ...._................. East Downtown ....._..........................._..............__.... ......._....... 232 ............_........... 291 ..w...................... 59 ._....................... 19.9% _....._......_.._.... 18 .......................... 46 ..._..................... 28 ..........._...._......_ 144.3% ...._m_.~....._.. N. 28th St. Commer<~;al ......._._....._.........~...._...._........_..... ................ 1,715 ............._........... 1,902 ........................... 187 ........................... 6.0% .......................... .4 ................ 384 ..........._............ .380 ..........._. . ~,9077~7% .N: BroadwaY.Annex ......._. .... ................ 50 ..........._.~........ 57 ........................._ 7 ......._............._... 9.0% .......................... .8B ..._..._..... 33 .._..____. ... ____ ~~55~ -64.1% ......................... University of Colorado . .._......... . . ........_.... 253 _......._.._...._..... 290 ._ ........................ 37 ......_.._..._......... 9.6% ......._........... . 7 .......................... 9 ......_.................. 2 ........................... 22.9°/a ..._...................... Basemar ............_................................................................ 465 .......................... 495 ........................... 30 ........................... o 1.8 /o .......................... ...............182 . ....171.. ~ ....w...y..yS1.1.~ ^..~.:10:2% BoulderValley.Re~ional.Center. y......6,037.. ~.T~~6:937.. .............~.900.. .....~.......9:9% 2 .......................... 4 .......................... 2 ........_................. 91.2% .................. _...... Table Mesa .............................................................................. 706 .......................... 726 ........................... 20 ........................... -1.7% .......................... 5 .......................... 8 .......................... 3 .._....................... 53.0% ......_.................. The MeadOws ....................................................._....................... 390 _........................ 471 »......................... 81 ._....................... 15.5% ..._..................... 570 ....................~... 946 ..........,......_....... 376 .......................,... 58.7°/a .......................... Ali Other Boulder .............................................................................. 691 ..,....................... 760 _......................... 69 ........................... 5.1 % .......................... ..................41... ..................82.. ...41 ................ ...... .........91.2% ... ......... .........Boulder CountY...................... ........._. .... ................... 198 ............._........... 248 _......................... 50 ........................... 19.7% .......................... 44 .. _ .................... ..................36.. . ........(S~. ........... . -21.8°/a ........................ Metro Denver ........__...................................................._........... 791 _......_._...._..._.. 820 ........................... 29 ............._............ -0.9% .......................... - ........................... - .......................... - ........................... na . .. . ,Colorado All Other . .. . . ................. 45 .......................... 39 ........................... (6) ..................... ... . -17.1% .......................... 65 .._ ...................... ~ 193 .128 ..... 183.9% ....._.................. .Out of State ............_........,. ................................................. 2.541 _........................ 2,181 ................._........ ~360) ........................ -17.9°/o .......................... - .......................... - ._......................, - ........................... ..................."a . ...............................Airport............................... .. .....................6 . ...... ~ .............. ... ....................~4) . . -68. Z % ......................... 1,097 ........................... 1,404 .......................... 307 ........................... 22.4% ........................... Gunbarrellndustrial ..........._................................................._.........._.. 105 _......_.._...._...... 180 ...._........_........... 75 ........................... 63.9°~~ .......................... .1 - .................._... ,1 ~ __. ~ ^ 100.0% ...__..... Gunbarrel Commercial ........._. ... ..........................._........................ 338 .......................... 352 ........................... 14 ........................... -0.4% .......................... 23 ........................... 9 .......................... f 14) .................. ~........ -62.6% ........................... Pearl Street Mall .............................................................................. 733 .......................... 800 ........................... 67 .....................,..... 4.3% .......................... 1,436 .......................... ~ .988 ~448) ._... _ -34.2°~0 ......................, .Boulder industnal .............. ............................................._....... 1,466 .......................... 1.557 ........................... 91 .._......................, 1.5% .......................... ................1.44.. .... .................86. . .... ................(58~. . ..........-•12:9% .. .Unlicensed Receipts............... .............. ...................................... 137 ........................., 64 .......,...,............... ~73) ............._... -55.3% .......................... 801 910 109 8.6 /o . .. . .. . ....... Coun.ty.Clerk ........................ . .. ._. . - . _..._.....__........ - .......................... - . .......................... . ................... .na _ ....................... 38 . .......................... 100 .......................... 62 . ........ .... .. .... . 151.6% .... .... . Public Utilities 1,734 1,961 227 8.1 ;6 ~ ~ ~ ........................................ . ..................................... i ., . _ .. ' . ~ Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparei Stores Flome Furnish. Gen. Merchandise Trans ort. Construction AllOthers GRAND TOTAL 2U02 ,lanua 2,695 31,302 5,669 2,353 53,191 - 4,022 677 99,909 Februa 2,943 33,019 4,250 2,319 15,712 - - 66 58,310 March 3,552 32,857 5,872 3.035 21,151 966 81 2,828 70,342 A rii 3,360 38,204 5,174 2.913 17,031 - - 859 67,541 Ma 3,192 31,582 5,941 2,533 13,011 - 2,727 70 59,055 Ju~e 3,746 31,944 7,445 2,517 28,024 1,038 45 2,912 77,670 .luf 3,410 32,869 5,376 2,465 17,057 - 1,589 817 63,583 Au ust 3,506 35,029 8,585 3,172 36,155 - 1,128 760 88,336 Se tember 3,911 42,680 13,457 2,984 64,841 2,470 95 2,450 132,887 October 3,938 43,136 6,801 2,993 15,892 - - 1,173 73,933 November 3,977 26,846 13,610 2,7a3 9,085 - 641 8,071 64,933 December 4,037 28,138 7,272 4,116 22,647 1,745 751 3,438 72,146 2002 TOTAL 42,268 4~7,606 89,454 34,104 313,795 6,219 11,079 24,121 928,645 2003 Janua 3,048 27,490 9,364 2,690 54,745 25 1,023 2,729 101,114 Fenrua 3,877 32,399 3,169 3,385 79,337 - - 2,664 59,503 March 3,877 32,752 4,578 3,139 20,656 1,519 818 3,600 70,940 A ril 3,600 36,388 4,283 2,896 11,651 57 415 3,194 62,484 h4a 3,780 34,700 5,627 2,547 14,239 - - 2,142 62,434 June 3,436 27,284 6,816 2,854 25,577 59 571 4,090 70,687 Jul 3,348 25,397 5,060 2,856 10,236 - 245 1,259 48,399 Au ust 3.893 44,608 8,241 3.646 62,295 1,588 687 1,539 126,499 Se tember 4,660 48,734 1D,072 3,600 35,827 - 6,749 2,457 112,099 October 4,D24 43,413 7,328 3,745 17,323 3,744 - 2,424 82,002 November 3,415 37,045 18,147 1,912 7,Q95 3a4 446 1,785 70,149 December 3,260 27,573 11,350 2,180 25,117 298 385 5,478 75,641 2003TOTAL 43,618 417,782 94,036 35,450 304,099 7,594 11,338 28,033 941,951 2004 Janua 2,986 34,863 3,813 1,918 53,080 717 1,851 2,062 101,289 Februa 3,496 37,716 6,880 2,207 11,884 464 29,820 1,999 94,467 March 1.Q86 38,833 5,012 2,204 21,184 408 14Q 5,000 73,868 A ril 5,139 39,323 5,411 1,802 13,510 428 10,847 2,349 78,810 Ma 5,373 39,319 6,173 1,682 11,284 358 1,520 3,963 69,672 ,lune - - - - - - - - - Jul - - - - - - - - - Au ust - - - - - - - - - Se [ember - - - - - - - - - October - - - - - - - - - November - - - - - - - - - December - - - - - - - - - 2004TOTAL 18,079 190,054 27,290 9,814 710,943 2,375 44,178 15,373 418,105 rb Change from 2001-2002 7.88% 11.38°/ 9.48% 6.28% 7.33% 283.68% 86.65°/ 66.64°/ 11.44% %a Change from 2002-2003 3.19°/ 2.50% 5.12% 3.95% -3.09% 22.12°0 2.34% 16.22% 1.43°/ % Change from 20U3-2004 -1.70% 10.97°/ -3.45% -35.99% -12.07% 41.83% 1771.45 % 63.27% 12.13% % Change from previous year month 61.54% 8.33 ~0 4.88% -36.85% -24.24%o ~iDIV/0! iiDIVlO! 76.90 % 6.68% NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate. Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparel Stores Home Furnish. Gen. Merchandise Transport. AllOthers GRAND TOTAL 2002 Janua 2,694 31,302 5,669 2,353 53,186 966 677 96,846 Februa 2 942 31,715 4,250 2,319 15,702 - 66 56,994 March 3,534 32,811 5,872 3,035 21,125 - 2,3fi3 68,740 A~ril 3,341 38,204 5,174 2,913 17,018 1,038 859 68,547 Ma 3,192 31,582 5,941 2,533 12,989 - 70 56,306 June 3,746 31,900 7,445 2,517 28,001 - 2,478 76,086 ~i~~ 3,410 31,478 5,376 2,465 17,042 2,470 817 63,058 Au ust 3,506 35,000 8,585 3,172 36,143 - 760 87,167 Se tember 3,905 42,680 13,457 2,984 64,826 - 2,113 129,966 October 3,936 41,339 6,801 2,993 15,876 1,745 1,173 73,867 November 3,977 26,746 13,610 2,703 9,063 - 2,173 58,271 December 4,037 28,138 7,272 4,116 22,593 1,745 3,132 71,034 2002 TOTQL 42,223 402,894 89,454 34,104 313,566 7,964 16,680 906,884 2003 Janua 3,046 27,440 9,364 2,690 54,736 25 2,729 100,032 Februa 3,875 30,772 3,169 3,385 19,333 - 3,235 63,769 March 3,874 32,752 4,578 3,139 20,608 1,519 3,290 69,760 A ril 3,599 36,388 4,263 2,896 11,638 57 3,194 62,055 Ma 3,180 34,356 5,627 2,547 14,227 - 2,142 62,078 June 3,436 27,234 6,816 2 854 25,563 59 3,765 69,726 Jul 3,347 25,329 5,060 2,856 10,228 - 1,259 48,079 Au ust 3,893 44,608 8,241 3,646 62,285 1,588 1,539 125,801 Se lember 4,Fi59 48,734 10,072 3,600 35,808 - 1,865 104,739 October 4,024 43,413 7,328 3,745 17,223 3,744 1,873 81,351 November 3,414 34,452 16,147 1,912 7,063 304 1,785 67,097 December 3,252 27,543 11,350 2,180 25,043 298 5,170 74,835 2003TOTAL 43,601 413,020 94,036 35,450 303,775 7,594 31,845 929,322 2004 .Janua 2,985 34,863 3,813 1,91 B 53,065 717 2,062 99,422 Februa 3,495 37,716 6,880 2,207 11,879 464 1,879 64,521 March 1,085 38,421 5,012 2,204 21,163 408 4,691 72,985 A ril 5,138 38,957 5,411 1,802 12,257 428 2,136 66,129 Ma 5,372 38,591 6,173 1,682 11,276 358 2,130 65,583 June - - - - - - - - Jul - - - - - - - - Au ust ' ' " " ' - ~ ~ Se tember - ~ - " " - - " October - ' - " " - - " November ~ ' - " - - - " December - ~ ' " " " ' ' 2004 TOTAL 16,075 188,548 27,290 9,814 109,640 2,375 12,899 368,640 % Change from 2001-2002 7.78% 10.60% 9.48% 6.28% 7.33% 391.35% 23.32% 9.99% % Change from 2002-2003 3.26% 2.51°/a 5.12% 3.95% -3.12% -4.64% 90.92% 2.47% % Change from 20034004 -1.69% 11.47% -3.45°b -35.99% -13.05% 41.83% -15.47% -1.47% °b Change from previous year month 61.54°b 7.39% 4.88°~a -36.85% -24.23°/a #DIV/0! -4.91% 1.00% NOTES: Parcentage change calculations for 2004 have been adjusted to eliminate the impact o( the increase in the sales/use tax rate. UHGID Yearly Summary Sales and Use Tax 8reakdown by Industry Category Food Eating Apparel Home General Stores Places Stores Furnishings Merch AII Other Totai MAY 2004 $18,079 b190,054 $27,290 $9,814 $110,943 $61,925 $418,105 4°0 45°0 7°io 2°0 27! 15% 100% 2003 $43,618 $417,782 $94,036 $35,450 $304,099 $46,965 $941,951 5% 44% 10°0 4% 32 % 5% 100°0 2002 $42,268 $4a7,606 $89,454 $34,704 $313,795 $41,419 $928,646 5/ 44°~0 10°0 4% 34% 4% 100% 2001 $41,988 $394,142 $103,513 $35,111 $318,763 $26,961 $920,478 g% 43°a 11% 4% 35% 3% 10Q% 2000 $34,841 $378,042 $99,206 $39,Q66 $366,669 $17,242 $935,066 490 40% 11% 4% 39% 2% 10~% 1999 $38,414 $345,800 $92,878 $46,325 $345,546 $5,309 $874,272 4% 40 % 11 % 5% 40 % 1% 100°~ 1998 $33,781 $350,299 $126,670 $40,532 $306,191 $12,898 $870,371 4% 40% 15 % 5% 35% 1% 100% 1997 $37,537 $323,175 $126,465 $39,846 $316,999 $9.035 $853,057 4% 38 % 15% 5% 37 % 1% 100iu 199G $33,742 $342,802 5145,274 $74,088 $317,743 $15,788 $929,437 4% 37% 16 % 8% 34% 2% 100 % Stores Fumishings Merch AllOther W Ve~o,; '- zoaa tJHGID Sales and Use iax Broakdown by InOustry Category Food 5tores 4°b AllOther l tv _ Eating Places General Merch ~ 45~ 27% - Home Fucn~sh~ngs , ~~ 2no - Apparel Stores 7% City Wide Y early Summa ry UHGID Sales and Use Tax as a Percent of Total City W ide Sales and Use Tax Food Eating Apparel Home General Stores Places 3tores Furnishings Merch AIl Other Total MAY2004 $4,359,OQ0 $3,399,000 $825,000 $1,443,000 $5,245,000 $13,068,000 $28,339,OQ0 0% 6% 3% 1% 2% 0% 1.5 % 2003 $9,052,658 $7,847,285 $2,046,951 $3,922,549 $13,785,423 $31,552,637 $67,607,503 0% 5% 5% 1°!0 2% 0% 1.4°io 2002 $9,294,397 $8,133,237 $2,346,3D5 $4,164,992 $73,572,651 $33,815,600 $71,327,182 0% 5% 4% t% 2% 0% 1.3% 2001 $9,312,676 $8,384,190 $2,646,021 $4,537,112 $15,553,807 $38,279,526 $78,713,332 0% 5% 4% 1% 2% 0% 1.2% 2000 $9,~80,910 $8,484,601 $3,159,262 $5,915,794 $17,887,211 $36,269,737 $80,797,515 0% 4% 3% 1% 2% 0% 1.2% 1999 $9,207,721 $7,790,648 $3,359,974 $5,553,219 $17,008,884 $33,893,706 $76,814,092 0% 4% 3% 1% 2% 0% 1.1 % 1998 $8,932,097 $7,469,094 $3,252,729 $3,570,448 $15,736,140 $30,637,104 $69,597,612 D% 5% 4% 1% 2% 0% 1.3 % 1997 $7,739,779 $6,797,237 $2,781,018 $3,129,089 $15,439,169 $28,494,047 $64,380,339 0% 5% 5% 1% 2% 0% 1.3% 1996 $7,611,055 $6,614,567 $2.782,149 $2,862,572 $15,111,950 $26,975,579 $61,957,866 0% 5% 5% 3io 2% 0% 1.5%