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HomeMy WebLinkAboutSales & Use Tax Revenue Report August, 2004City of Boulder + ~ ~~,~'~ Sales & Use Tax Revenue Report ,~~~., ~~ August, 2004 ~ Issued October11,2004 This report provides information and analysis related to sales and use ta~c wllections for fiscal year 2004. Any questions should be d'vected to Steve Felten, Finance Director, at (303) 441-] 819. Total sales and use ta~c collections for the year-to-date through August 2004 reflect a 12% increase over the comparable period in 2003. All tax categories other than construction use ta~c showed yeaz-to-date increases compared to 2003 (adjusted for the change in tax rate), as can be seen from the tables included in this report. Total sales and use tax collections for the mont6 of August 2004 decreased 3.0°/a compazed to August 2003. This decrease for the month was a result of declines in retail sales ta~t and construction use tax compared to August 2003. Partially offsetting these declines was an increase in business use tar in the Computer Related Business industry sector. Recent economic indicators are less than clear in providing direction as to what can be expected to happen in the local economy over the coming months. Recent national economic data has been generally posirive, although growth projections have been reduced somewhat due to recentjob growth data and the increase in oil prices. September job growth came in below forecasts and August job growth was revised downwazd, resulting in four consecutive months of lower than eacpectedjob growth. Oil prices remain above $50/barrel, although on an inflation-adjusted basis the price is faz below the peak in 1981 after the Iranian revolution. Growth is also projected for the state economy, with increases in jobs, personal income and retail trade sales forecasted by The Colorado Legislative Council for 2004 and 2005. Closer to the C~ of Boulder, Dr. Richard Wobbekind's projections for Boulder and Broomfield Counties in the October l, 2004, Boulder County Business Repart may be at least partially predictive of trends in C~ revenue: "The latest state unemployment numbers have finally begun to reveal some job growth within Boulder County...The stronger conditions and confidence in the Boulder County economy have continued for another quarter, stretching the advance in the leading economic indicators to five consewtive quarters. This rise in the employment numbers and the leading indicator cleazly signal the long anticipated recovery is now taking hold in Boulder County." Monthly and yeaz-to-date growth in retail sales tax in surrounding communities through June 2004 aze positive, and at rates higher than what the City oF Boulder has realized so faz in 2004. But when these national, state and regional growth indicators are compazed to recent retail sales tax results for the C~ of Boulder, it is clear that our local economy is not in synch with the positive growth trends experienced elsewhere. It would appear that at least three factors aze contributing to the unfavorable trends in retail sales tax for the last several months of 2004. First, additional leakage of retail sales to surrounding communities appears to be continuing rather than leveling out as had been forecasted. Second, the technology sector - a critical component of Boulder's economy - continues at a level below that of its peak in 2000/2001, although signs of suength aze beginning to appeaz. Finally, the lazge amount of competing Class A commercial space in the 36 Corridor and in other azea mazkets is causing a drag on the City's local commercial real estate mazket. While some excellent properties have been and aze being built in the City, the availabiliry of prime commercial space at very favorable lease rates is serving as a strong inducement to some businesses to consider relocating. As a result, staffhas come to the conclusion that the original growth rates for sales and use ta~c For 2004 and 2005 need to be revised downward. The combined sales and use tax growth rate for 2004 has been revised from a positive 1.5% to a negative 0.6%. For 2005 the combined growth rate has been revised from a positive 3.5% to 0.0%. On a combined buis, the results for August are in line with these new projections. Retail Sales Tax for August 2004 had been projected to decline approximately 4.3% compared to August 2003 due to various nonrecumng receipts in August 2003. The actual decline of 2.6% was better than the projection. Business Use Tax for August came in better than the forecast while Consuuction Use Tax came in below the projected amount. REVENUE COMPARISONS As illush~ated in the following chart, August 2004 actual year-to-date sales and use tax revenue has increased by 12% over the comparahle petiod in 2~~3. (Note: All "% Change" amounts in the tables and text have been adjusted to reflect the change in tax rate from 3.26% in 2003 to 3.41% in 2004 so that comparisons reflect the underlying sales base and aze consistent. Also, all $ amounts in this report are now presented in thousands of dollars and a"$ Change" column has been added to certain of the tables. All dollar amounts aze presented in nominal amounu - i.e., 2003 tax and "$ Change" amounts have not been adjusted for the change in the ta7c rate.) AUGUST YEAR-TO-DATE COMPARISONS - 2004 VERSUS 2003 TAX CATEGORY % CHANGE % of TOTAL Retail Sales Tax 0.7°/a 80.9% Business Use Tax 0.7°/u l13% Construction Use Tax -3.4% 4.8% Motor Vehicle Use Tar 23% 3.1% Refunds -92.1% -0.1% Totat YTD Sales/Use Tax 1.2% 100.0% There were various nonrecurring items and timing differences during the first eight months of 2004 that overstate the increases reflected in the table above and some of the other tables in this repoR. Adjusting for these items, Total Sales & Use Tax increased approximately 0.1 %(as compared to the 1.2% indicated above) and Retail Sales Tax decreased approximately 0.3%. Business and Construction Use Ta~c can fluctuate significantly from month to month depending on the level of equipment purchases/leases and construction projects in any given month, as evidenced in the table below. Of greatet significance for identifying trends is the percent change month by month for the yeaz. REVENUE CATEGORY JAN FEB MAR APR MAY NN Retail Sales Ta~c 8.5% 2.9% 0.'7% 1.4% 0.0% -2.4% Business & Motor Vehicle Use Tax 17.4% 22.7% 2.8% -19.1% -ll,8% -13.9% ConstructionUseTax 93.0% 164.]% ]66.2% 96.8% -47.4% -74.1% Total 12.6% 9.5% 5.0% 5.0% -4.7% -10.1% REVENUE CATEGORY JUL AUG SEP OCT NOV DEC Retail Sales Ta~c -0.6% -2.6% Business & Motor Vehicle Use Tax 18.0% 7.6% Construction Use Tax -10.9% -42.6% Total 13% -3.0% Retail Sales Tax: Yearto-date the retail sales tax category has increased 0.7%, which makes up 81% of sales and use taY revenue. Most industry types and geographic areas in the Ciry are positive compared to 2003. The primary reason for the lack of growth tin retail sales ta~c is due io a decline in business-to-business sales in the Computer Related Business industry sector. This sector is heavily influenced by the national mazket for technology purchases by businesses. On a more positive note, core consumer retail (appazel stores, home furnishings and general retail) reflects positive growth for the first eight months of 2004 compazed to the same period in 2003. The following chart details the "core consumer retail" components. CITYWIDE CORE RETAIL SALES TAX - AUGUST YTD 2004 VERSUS 2003 (in 1,000's) Cat o 2003 2004 Variance A arel Stores $1,257 $1,377 4.7% Home Fumishin s 1,536 1,636 1.8% General Retail 7,738 8,196 13% I Total $10,531 $11,209 1.7% TREND ANALYSIS The graphs on the following pages illustrate percentage change vends by tax category over the three-year period, 2002-20D4, the sales & use tax by category collected since 1499, the percentage change in geographic azeas> and the proportion of the tota( geneeated by each category of tas. All information is tlvough August. Sales 8~ Use Tax Trends ^ Retail Sales 100% ~-; ~y ,, y a~ as m~ ~~. ~ ~~ < ~= {J~ ~ 7ax ^Business Use ;~r ~ ~~ '> "~~ , ,~ r p~r ~ r~,y;+ ~~~ Tax ~ 80% r `~ ~,, ~ ~ ~ ~~ - ~ ^ Construction a ~r. ~ ~ t~;~ , , ~ a ~~ t •" ' ~ ~~ r ° , ~~ ~'~ Use Tax o gp% $: ;£ ' F p Motor Vehicie i '~ { ; ~,~ Use Tax £ 40% '~ . r i Total 0 w ~ 20% ' c rs t po~Q ' u e 00 -20% ,40% ~>.1 ~ ,x Year Sales 8~ Use Tax Collected by Category 1999-2004 50,000,000 40,000,000 30,000,000 20,Od0,000 10,000,000 ^ Retail Sales Tax ^ Business Use Tax ^ Construction Use Tax p Motor Vehicie Use Tax 1999 2000 2001 2002 2003 2004 , Sale~ & Use Tax by Area j 15% '" . , i y ~~ ~~ ~~ ~ '~~~ ~~~~~~~~¢~"~ ~ ~~,~ ~ ~ ~ ~ ~' ` ~ ~ ~, 1(~% =`~ '~r ~ .~ ~ N=~S` . ~1 f ~'F'~ ~'~ ~ .~ ~~ ~ ` •~, ~ ~oj _°~' ~ ~ _ -- ^ BVRC ' ' II ~ a ~r~ k~ } ~ ~ ~ ^ Peari Street Mali ~ ~ Q 0°l0 ~ ~,~~;~ ~'~ i p Uni~rsity Hiii ~ ~ m -5°l0 ~ ~ ~ All Other c~c F ~ ^ Total ~ v -10°to I - -' ~ ~ ~ - ~ -15°l0 -~ ° ' , Sales & Use Tax by Category j, NiQtor ~ Construction Vehicie Use ~ Use Tax Tax ~ 5% 3ojo ~ ~ Business ~ Use Tax Retail Sales i 11 °lo Tax $1% ; Significant increases / decreases by tax category aze summarized below: YTD RETAIL SALES TAX STRENGTHS: WEAKNESSES: Food Stores up 8.9°/a (lazgely due to timing Computer Related Business down 29.8% differences) • All Other Indusffies down 8.8% Eating Places up 4.6% • Out of State down 15.1% • Core Retail Categories (Appazel Stores, Home Furnishings & General Retail) up 1.7% • Building Material - Retail up 7.8% • Downtowci (former CAGID) up 32% • North 28t6 St. Commercial up 2.2°/a (largely due to timing differences) • BVRC up 53% • Metro Denver up 3.2% Pearl Street Mall up 4.4% Public Utilities up 1.2% YTD USE TAX STRENGTHS: WEAKNESSES • General Retail up 115.5°/a (primarily due to a large • All Other Industries down 31.5% (primarily due to audit assessment) lazge audit assessments in 2003) • Computer Related Business up 49.7% • Downtown (former CAGID) down 753% • N. Broadway Aonex up 1,235.0% (due primarily to (primazily due to conshuction activity in 2003) construcrion activity) Boulder Industrial down 36.4% (primazily due to a • All Other Boulder up 44.7°/a (primarily due to large audit assessment in 2003) construction activity and a lazge audit assessment) • Gunbarrel Industrial u 47.0% OTHER TAXES • Accommodations Tax is up by 2.5%. • Admissions Tax is up by 21.5%. CHANGE IN GEOGRAPHIC AREAS In 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 reflected in the Crossroads Mall category aze now reflected in `Boulder Valley Regional Center". Due to confidentiality requirements in the Boulder Revised Code we are not allowed to disclose information on individual tax filers. 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 sepazately. Once redevelopment of Twenty Ninth Street is under way and new businesses aze open we will again provide separate data. 2004•08 Revenue Report - Memo (All amounts in thousands) Net 8ales(Use Tax Receipfs bv Tax Cateqo Total Sales 8 Use Tax Miscellaneous Tax Statistics AU GUST YT'~ Actual 2ua3. ,~~-~2@64;;"-=~ -SChapSe %cdange -~46ofTOtat- 35,224 ............................. 37,116 .............................. 1,892 .............................. 0.7% .............................. 80.9% .............................. 4,909 ........................... 5,171 .............................. 262 .............................. 0.7% ............................. 11.3% .............................. 2,174 ............................. 2,196 .............................. 22 .............................. 3.4% ............................. 4.8% .............................. 1,346 .................... ...... 1,441 ... ....... 95 .. . 2.3% 3.1% ... 304 ........ ............ 25 ................. .......... 279 ..............._............ -92.1 % ............,................. -0.1 % 43,349 45,899 2,550 12% 100.0% Fees ~~ TOTAL CITY SALES & USE TAX COLLECTIONS - BY MONTH & CATEGORY (amounis in thousands) REVENOE CATEGORY RETAIL SALES TAX YEAR 1999 JAN 4,342 FEB ' 4,713 MAR 5,494 APR 4,694 MAY 5,236 JUN 6,110 JUL' 4,886 AIIG 5,040 SEP 6,125 QCT 4,909 NOV 5,764 DEC 7,732 TQTAC 64,445 '~ Chg 11.3% 2000 4,451 5,116 6,067 4,726 4,848 6,374 4,943 5,153 6,856 5,225 4,858 8,080 66,697 3.5% 2001 4,958 4,489 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 4,539 3,904 4,958 4,545 4,682 5,663 4,387 4,725 5,570 4,169 4,316 6,273 57,725 -7.9% 2003 3,872 3,875 5,055 4,093 4,265 5,232 4,168 4,664 5,172 4,288 4,247 5,940 54,871 -4.9% __ ! 2004 ' 4,394 4,170 5,327 4,340 4,461 5,341 4,333 4,750 - - - '~ 37J116 na Chan e from rior ear (Month) 8 5% 2.9% 0.7% 7.4% D.0% -2.4% -0.6°/a -2.6°/a na na na na Change from prior year (YTD) 8 5% 5.7% 3.7% 32% 2.5% 1.5°/a 1 3% 0.7% na na na na BUSINESS 8 MOTOR 1999 687 719 879 586 688 914 969 868 1,087 687 572 1,476 10,132 5 2% VEHICLE USE TAX 2000 699 785 989 810 714 1,055 788 946 1,295 697 901 1,420 11,099 9.5% -- -- --2001 1,166 899 1,772 909 889 1,428 1.012 975 956 1,415 749 1,091 13.261 19.5% 2002 716 566 1,294 784 497 1,092 809 671 648 768 629 1,153 9,627 -27.4% 2003 798 518 836 878 786 963 657 819 915 635 1,046 1,053 9,904 2.9% ; 2004 ~ 980 665 899 743 725 867 811 922 - - - - 6,812; na Change from prior year (Month) 17.4% 22.7% 2.8% -19.1% -11.8% -13.9% 18.0% 7.6% na na na na Change from prior year (YTD _ 17.4% 19.5% 13 0% 3.7% 0.5% -2.4% 0.1 % 1.1% na na na na 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 191 331 173 171 198 187 227 311 471 319 195 166 2,940 -10.9% 2002 214 566 282 443 215 1,182 195 198 158 167 167 384 4,171 41.9% 2003 104 122 139 238 416 675 220 260 239 162 293 388 3,256 „. -21.9% --_ `, 2004 210 337 387 490 229 182 205 156 - - - - ' 2,196,( na Chan e from rior ear (Month) 93.0% 164.1% 1662% 96 8°/a -47.4% -74.2% -10.9% -42 6°/a na na na na Chan e from rior ear (VTD) 93.0% 131 4% 144.6% 125.8% 55.1% 3 6% 1 9% 3.4% na na na na TOTAL SALES & USE TAX 1999 5,137 5,574 6,495 5,469 6,116 7,334 6,020 6,120 7,625 5,730 5,844 9,350 76,814 9.6% 2000 5,387 6,374 7,209 5,879 5,917 7,552 6,077 6,353 8,376 6,175 5,756 9,743 80,798 5.2% 2001 6,312 5,640 8,172 5,688 5,910 7,805 5,700 6,119 7,313 6,521 5,463 8,073 78,716 -2.6% 2002 5,468 5,036 6,521 5,772 5,391 7,923 5,384 5,584 6,255 5,082 5,110 7,800 71,326 -9.4% 2003 4,740 4,506 6,023 5,074 5,425 6,794 5,045 5,742 6,257 5,081 5,585 7,334 67,606 -52% ; 2004 5,583 5,161 6,612 5,572 5,409 6,390 5,348 5,824 - - - - { ,45,899~ na Change hom prior~ear (Month) 12.6% 9.5% 5.0% 5.0% -4]% -10.1°/a 1 3% 3.0% na na na na _ Change from prior year (YTD) 12 6% 11.1% 8.7% 7]% 5.1% 2.0% 1.9% 12% na na na na __ Rate changes: 1996 - 2.86 % to 3.11 %: 1998 - 3.26%; 2004 - 3.47 % / COMPARISON OF YEAR-70-DATE AC7UAL REVENUE FOR THE YEAR 2004 TO COMPARABLE PERIOD iN 2003 (amounb in Noueanda) Pood Eeting nppu~... Stores PiaCea Stores ~ Fumisn. ~ M~.....__ _ 966 I 877 1 ~~,., .. Februa 2 942 31 775 4 50 2 319 15,702 - 6fi 56,994 March 3 534 32 81 Y 5 872 3 035 21 725 2.363 68,740 A ril M& 3,347 3,192 38 04 31,562 5 174 5941 2 913 2,533 17 018 12,989 Y,036 859 70 68,547 56,306 June 3,746 3Y 900 7445 2,517 28001 2,478 76,086 Jul 3,410 3Y,478 5,376 2,465 17042 2d70 877 63,058 Au ust 3,506 35000 8,585 3172 36143 760 87,167 Se iember 3,905 42,880 13,457 2984 64,828 2.1Y3 728,966 October 3,938 4Y,339 6,801 2993 15,878 1,745 7,173 73,867 No~ember 3,977 26,748 73,610 2703 9,063 - 2.173 58,271 December 2002TOTAL 2005 4,037 42,223 28,138 .402,894 7272 89,454 4,716 34,104 22 593 , 313,566 Y,745 7,964 3,132 Y6,680 71,034 906,884 Janua 3,048 27 440 8 364 2 690 54,736 25 2,729 100,032 FeDrua 3,875 30,772 3,169 3,385 19,333 3235 63,769 March 3,874 32,752 4,578 3,i39 20,608 1,519 3,290 69,760 A til 3,599 36,366 4,263 2,896 ti.638 57 3i94 62055 Ma 3,180 34,356 5827 2,547 14,227 - 2,142 62,078 JUDe 3 436 27,234 6,816 2,854 25,563 59 3,765 69,726 Jul Au si Se tember 3,347 3,893 4,659 25 329 44608 48 734 5,060 8 41 10,072 2 856 3,646 3,600 10228 62285 35 808 1,588 1 259 1.539 7 865 48,0~9 12580i 104 739 October 4.024 43.413 7328 3,745 17,223 3,744 1873 81,35i November 3414 34,452 18,147 Y 972 7,083 304 1,785 67,097 December 2003TOTAL 2004 3,252 43,60t 27,543 ~4Y3,020 11350 ,~ , 94,036 2,780 . 35,450 25,043 . 303,?75 296 7.594 5,Y70 31,845 74,835 929,322 Janua Februa March 2.985 3495 1065 34 863 3~,716 38427 3,613 8,880 5012 1,918 2207 2,204 53,065 11,879 21,163 717 464 408 2,062 1,879 4,691 99,422 64,521 72,985 A rfi 5138 38957 5,411 1,802 12.257 428 2,736 66,129 Ma 5372 38591 6,173 1,682 1t276 358 2,730 65,583 June 3 625 31 801 6 545 1,840 26.531 3,350 73,693 Jul 3669 29722 5,741 2,595 Y0,272 90 1,755 53,263 Au ust 4 379 38 234 9,442 2,576 63,624 2 647 3,149 12d.050 Se tember Ociober " November ~ December 200dTOTAL 29,768 288,304 49,017 16,825 2YO,O6S 5,i12 20,553 619,846 %Gha efrom200Y-2002 7.78q 10.60% 9.46% 628~0 7.33%, 397.35% 23.32% 9.99% %Changetrom2002•2003 326% 2.51% 5J2°~ 3.95% -3.12Yo -4.64°~ 90.92% 2.47% hChan trom20034004 0.73°k 6.4?°k -0.59% -33.02°k -8.id% 50.44°h -7.10% -1.46% % Chan e hom prev(ous ar month 7.54 % -78.06 % 9 53%, -32.48qo -2.34%, 59.29% 95.60 k •5.73 % NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the salesluse tax rate. s Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Ctassification Footl Stores Eating Piacea Apparel Stores Home Fumiah. Gen. Meroha~W(se Trana ConstrucNOn Ail~thers GRAND TOTAL 2002 Janua 2 695 31,302 5 fi69 2 353 53 191 4,022 677 99,909 Febma 2g43 33,019 4250 2319 75,712 66 58,310 March 3 552 32,857 5,872 3,035 21 151 966 87 2,828 70,342 A~a 3360 38204 5.774 2,913 i7,031 659 67,541 ~ 3J92 31,582 5,941 2,533 13,011 2,727 JO 54,055 ~0fe 3746 31,944 7445 2,517 28,024 1038 45 2,912 77,670 ~O 3,d10 32 869 5,376 2,465 17,057 1,589 817 63,583 Au ust 3,506 35.~29 8.585 3,172 36,155 1.128 766 88,336 Se tember 3,971 42,680 13,457 2,984 64,847 2,470 95 2,450 132,887 ~~~e~ 3,938 43,136 6801 2,993 15,892 7,173 73933 NovemDer 3,977 26.846 13610 2,703 9,085 641 8,~71 64,993 DecemDer 20D270TAL 2003 4,037 42268 28.138 407,605 7272 89,454 4,116 yi.704 22,647 353.795 7,7A5 6,219 757 11.079 3,438 24.121 72,146 928,845 Janua 3048 27,490 9364 2,690 54,745 25 1,023 2,729 101,174 fe6ma 3,877 32 399 3,169 3,385 19,337 2 66d 59,503 ~~ 3877 32752 d,578 3,139 20,656 1,519 818 360D 70,940 A~ry 3 600 36 388 4,283 2 896 11,651 5? 415 3 194 62,d84 3,780 34700 5,627 2,547 14,239 2,142 62,434 June 3436 27,284 6,816 2,854 25,577 59 571 4,090 70,687 ~~ 3,348 25397 5,060 2,856 10,236 245 1,259 48,399 A ust 3,893 44,6~8 8241 3696 62,295 7,588 687 7,539 126,499 Se tember 4.660 48,734 70072 3,600 35,827 6.749 2.457 712.099 ~~~~ 4,024 43,473 7,328 3,745 17,323 3,~44 2,424 82,002 Nrnember 3415 37,045 18.id7 1,912 7.095 304 446 7.785 70,749 ~acember 2003TOTAL 200d 3,260 43,618 27,573 417,782 11,35U &4.036 2,180 35,45Q 25,117 304.099 298 7,594 385 11,338 5.418 28,033 75,641 941,951 danua 2986 34,863 3,873 7,918 53,060 717 1,857 2.062 107,289 Fe6rua 3.496 37.716 6.880 2.207 11,884 4fi4 29.820 1,999 94.467 ~« 1,086 38,833 5,072 2204 21,184 408 740 5,00~ 73,868 '~ 5J39 39323 5411 1,802 13,510 428 10,847 2,349 78,810 Ma 5,373 39,379 6,173 1682 17,284 3S8 1,520 3,963 69,672 June 3626 32,688 6,545 7,840 26553 3276 5,512 80,040 ~~~ 3,689 30,i09 5,741 2.585 10,295 90 22,410 iJ55 76,084 A ~ 4,379 36,926 9442 2578 63,645 2647 923 3,149 123,686 Sa mber October November December 2004TOTAL ~ 29.772 289,777 49.017 18.825 211,438 SJ72 70.787 25J89 697.975 %Cha irom2001-2002 7.88% 11,38°/, 948% 6.28! 7.33/ 283.68% 86.65% 66.64% N.44% % Cha trom 2002-2003 3 19! 2.54°! 5.12~ 3.95% -3.09% 22.72 % 2 34 % 16.22 % 1 A3l %Chan from2003•2004 072% 6.14% -0.59Y 33.02% -7.59% 50.44% 7700.35! 51.56% 70.82% %Chan lrom revioua rmonth 7.54% -20.66% 9,53% 32.48! -2.33% 5929% 28.38! 95.601 -6.5~°+- NOTES: Percentage change caiculations for 2004 have been ad~uffied to eliminate the impact of the inerea~^ '- "- iles and Use Tax Breakdow~ by Intlustry Catagory Food Eati~ Apparel Stores Plxee Stwea Aug 2004 $29,772 $289,777 $49,017 4% 42% 7W 2003 $43,618 $477,782 $94,086 5% 44q 1Q! 2002 $42.268 $407.606 $89,454 5% 44% 10% 2001 $41.988 $394,742 $103,513 5% 43% it% 2000 $34,841 $378,042 $99.296 4% 40% 11% 1999 $38,414 $345.BU0 $92.878 4% 40% it% 1998 $33,787 $35Q299 $126,67U 4% 40l 75% 1997 $37,537 $323,175 $126,-065 4% 38% 15M 7996 $33,'742 $342,802 $145,274 4! 37% 16% Home Gefwral Furnishings Merch $16,825 $217.436 2% 30% $35,450 $304.099 4% 32% $3A.700. $313.795 4% 34% $35,N7 $318JB3 4% 35% $39,066 $366,669 4% 39% $46,325 $345,546 5% 40% $40.532 $306,191 5°(a 35°h $39,BQ6 $376,999 5 % 37! $74,088 $317,743 8% 34% AllOther Total $107.088 $897.915 14% 100% $46,965 $941,951 5% /007 $41.419 $928.646 4% 700°b $26,961 $920,478 3% 700q $77,242 $935,066 2% 100% $5.309 $874.272 1q 100% $12.898 $970.377 t % 700°{, $9,035 $853,057 1% iao% $15.788 $929,437 2% 100°!= INGID Saiea aM Usa Tsc aa a Paroent oi Total Chy Wide Sales and Use Tez Food Eating Apparel Name General SMrea Placea Stoms Fumishings March AtlOlher Total Aug 2004 $6,590,000 $5,617,000 $1,379,000 $2,547,W0 $8,815,000 $20,95DA00 $45,899, Q°h 5% 4; i% 2°/a 0°l0 1 2003 $9,052,658 $7,847,285 $2,Od6,851 $3,922,549 $73,185.423 $37,552,637 $67,607, Q% 5% 5°!o t% 2% 0! 7 2002 $9,294,39T $8,133,237 $2,346,3tl5 $4,i6a,992 $73,572,657 $33,815,600 $11,327, 0°h 5% 4% t! 2/ 0°!0 7 2001 $9.312,676 $8,384J90 $2.6d6.021 $4,537.112 $15.553.907 $38.279.526 $78,713, 0°le 5% 4% 1% 2% 0% 7 2000 $9.080,970 $8,d84.601 $3,159.262 $5.915.~94 $17.887.271 $36,269,737 $80,797, 0% 4% 3/ 1! 2% 0% 1. i999 $9,207,721 $7,790,648 $3,359,914 $5,553219 $17,008,884 $33,983,706 $76,874, 0°I 4% 3% 1% 2°0 0% i. 1998 $8,932,097 $7,469,094 $3,252,729 $3,570,448 $15,736,1A0 $30,fi37,I04 $69,597, 0% 5°l0 4% t% 2I o% 1. 7997 $7,733,179 $6,79T,237 $2,781,078 $3,129,089 $15,439,169 $28,494,047 $6d,380„ 04e 5% 5% i/ 2% 0°o i. 7996 $7.671,055 $6,674,561 $2,782,149 $2,862,572 $15,111,950 $26,9J5,579 $61,957,I 0% 5% 51 3% 2l 0! i.