HomeMy WebLinkAboutSales & Use Tax Revenue Report, Octover 2005City of Boulder
Sales & Use Tax Revenue Report
October, 2005
Issued December 9, 2005
This report provides information and analysis related to sales and use tax collections for fiscal year 2005.
Any questions should be directed to Laura Fisher, Revenue Manager at (303) 441-4017.
The following tables compare October year-to-date 2005 collections to the compazable period in 2004.
REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR
Table 1 lists the categories of sales and use tvc collected by the City of Boulder. It illustrates the percent
change in the various azeas for 2005 over the same time period in 2004. From an ongoing economic
viewpoint, the row entitled Retail Sales Tax is the primary indicator of how retail sales aze performing
this year compared to last year. To date collections in this category aze up 1.90% over last yeaz.
Business and Construction Use Tax fluctuate significantly from month to month depending on the level of
equipment purchases/leases and construction projects in that month. Therefore, collections in any given
period cannot be considered indicative of a trend and increases of the magnitude received during 2005 are
not expected to continue into the future. Table 1 lists actual collections but also provides information that
eliminates the skew of one time dollazs received by the city for the redevelopment of the Twenty Ninth
Street area and major construction projects on the Colorado University campus. Without adjushnent for
one-time revenue, Consuuction Use Taac has increased by 89.70%. After adjustments, Construction Use
Tax has increased by 17.09%. Year-to-date Business Use Ta~c has increased by 10.71%.
Without adjusting for one-time revenue, the Actual Collected column in Table 1 shows the total increase
in Sales and Use Tax at 6.49%.
Exclude 29`h Street column - Twenty Ninth Street, a large retail project, is currently under construction
in the city. Revenue associated with this project is being forecast and tracked separately from what we
consider to be our current sales and use ta~c "base." To better reflect the trends in the on-going underlying
economy, the data in Table I has been adjusted to exclude construction use taY related to the Twenty
Ninth Street project. Although all construction use tax is one-time in nature as it is connected with
specific projects, construction use tax revenue associated with the Twenty Ninth Street redevelopment
project is particularly large and cannot be expected to be duplicated in subsequent yeus. Also, it is being
forecasted and tracked separately from "base" revenue. Therefore, it has been excluded from this
analysis.
As illustrated in the following table, on an adiusted basis, year-to-date 2005 Sales and Use Tax revenue
has increased by 5.28% over the comparable period in 2004 when the Twenty Ninth Street is taken out to
eliminate the skew in the data .
The Exclude 29th and CU column removes both the Twenty Ninth Street project and the major
construction projects on the CU campus. When both of these one time revenues are eliminated we arrive
at the ongoing revenues that can be compared to last year without the distortion created by two major
construction areas. This indicates the percentage increase over last year is 3.32%.
TABLE 1
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Sales and Use Tax Revenue
TAX CATEGORY Actual Collected Exclude 29 St Exclude 29 8 CU
% CHANGE % CHANGE % CHANGE
Retail Sales Tax 1.90% 1.90% 1.90%
Business/ConsumerUseTax 10.71% IOJI% 10.71%
Conshuction Use Tax 89.70% 61.99% 17.09%
Motor Veh~cle Use Tax -3.48% -3.48% -3.48%
Refunds 7234% 7234% 7234%
Total YTD Sales/Use TaX 6.49% 5.28% 3.32%
Significant increases / decreases by tax category are summarized in Table IV:
TABLE 2
YTD RETAIL SALES TAX
STRENGTHS: WEAKNESSES:
• Eating Places up 5.20% • Food Stores down by 1.49% (partially due to an
General Retail up by 4.15% extra payment received from one s[ore in
• Consume~ Electronics up by 24.64%a 2004).
• Down[own (former CAGID) up 8.88% • Computer Related Business re[ail tax down by
• UHGID (the "hill") up by 5.03% 19.69% (offset by Computer Related Business
• Pearl Street Mall up by 2.58% use ta~c which is up by 24.40%)
• Gunba[rel Commercial up by 2.17%
• Public Utilities up by 7.79% (primarily due [o ffixes
on sales of natural as and elechici b Xcel
YTD USE TAX
STRENGTHS: WEAKNESSES
• Construction Use Tax up by 89.70% (61.99% • Motor vehicle use down by 3.48% (falls in Use Tax
excluding Twenty Ninth Sheet & 17.09% excluding category because the majority of this tax is collected
Twenty Ninth S[reet and other large projects) by the Counry Clerk's Office)
Computer Related Business Use Tax up 24.40%
(partly offset by Computer Rela[ed Business use tax
which ~s down by 19.69%)
OTHER TAXES
• Accommodations Tax is up by 16.33%.
. Admissions Tax is down by 7.97%.
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PROJECTIONS FOR THE FUTURE
Recent information appears to be positive for the economy in the Boulder area as indicated in the
following December 6, 2005 article from the Dailv Camera:
A rosy outlook for economy
CU expert predicts growth in Boulder area, Colorado
Colorado's ewnomy should continue to improve in 2006 and bring job growth tha[ will outpace the
national average, a local economist says.
University of Colorado economist Richard Wobbekind on Monday predicted nearly every industry in the
state will expenence an increase in work force. His presentation was part of the annual Colorado Business
Economic Outlook Forum.
In 2006, the state is expected to add 52,100 jobs, a growth ra[e of 23 percent. That growth should bring the
state's employed to more than 2.25 million - the mark of record employment from 2001 before the
recession hit The nation is expected to have a growth rate of 1.8 percent.
Wobbekind said he expects the state's unemployment rate to be 4.9 percent, just below the predicted 5
percent national rate.
'7Ps really a combination of factors," said Wobbekind in a phone interview. "The U.S. economy has really
been strong for two yeazs now. That fuels a lot of the Colorado economy."
Colorado has experienced growth in population, construction jobs, health care, education and retail sales,
he said.
Also, while [he majority of the nation suffered economic fallout from the hurricanes and ensuing rise in
fuel and natural gas costs, Colorado's energy industry minimized the impact, he said.
That sector is expected to grow next yeaz by 2,200 jobs, or ]0.1 percent, to 18,500.
All but one indushy - information - is expected to grow. The information sector, still reeling from
telecommunications' woes, should lose about 800 jobs, according to the report.
The state's strongest indushy remains the professional and business services sector, which is projected to
grow by 1],700 jobs, the report said.
Locally, some firms have seen a boom. Biotech firm Amgen Inc. plans to hire ] 00 people locally betv/een
September and March, said Debbi Ford, a spokeswoman for the company that could employ close to 1,000
people a[ i[s Boulder and Longmont sites by then.
Law firm Faegre & Benson, which has an office in Boulder, has seen steady growth during the past few
years, said Colin Deihl, hiring partner for the firm's Colorado offices.
"Webe seen faidy significant growth in the biotech area and [he venture capital practice in the Boulder
office," he said.
Boulder's economy is tuming the comer after suffenng from hits to the telecommunica[ions sectoc The
area's software and tech services sectors have grown during the past 18 months, Wobbekind said.
Nationally, Wobbekind predicted the Gross Domestic Product growth will be driven by solid, but slower
consumption and volatile energy prices will become hurdles to critical industries.
Additional "clouds on the economic horizon" come from a rash of corporate bankruptcies and large
companies such as General Motors and Ford Motor Co.'s credit and layoff troubles, he said.
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Excerpts from the Colorado Close-Un, Office of State Planning and Budgeting, September and October
2005 editions follow:
• Business investment is currently supported by replacement demand, as well as investment in new
technologies. Future investment ~owth will be supported by strong profitability, healthy cash
flow, and tax incentives. Investrnent in information technology equipment and software...is
expected to increase 11.4 percent in 2005 before moderating to a 5.9 percent pace in 2006.
• In September 2005, Colorado employment rose 2.2% compared with I.0% growth in September
2004.
• The September 2005 Colorado unemployment rate dropped to 5.1%, down 03 percentage points
from the 5.4% rate posted September 2004.
• KeyCorp announced plans to hire up [0 145 people at its equipmenbleasing unit in Boulder over
[he next two years...
• Bancrofr Capital released plans for a$142 million mixed-use development in Boulder. The
Peloton will include 390 condominiums and 17,000 square feet of retail and office space. Upon
completion in 2007, each unit will rattge in price from $300,OQ0 to $80Q,000.
• According to the MoneyTree survey, Colorado venture capital investments in second quarter
2005 totaled $144.5 million, an 11.0% increase compared with second quarter 2004.
Revised September, 2005 forecasts from the Office of State Planning and Budgeting are listed in Table 3:
TABLE 3
FORECAST 2004 2005 2006
Denver-Boulder CPI-U actuallForecast 0.1% 2.0% 2.2%
Pro'ected Retail Sales Trade Growth 6.2% 6.0% 5.5%
Personal Income Growth 5.6% 6.0°!0 7.0%
Changes in economic indicators at the state and county level do not necessarily laranslate into increased
revenue within the City of Boulder. Economic events specific to the city must be considered. Examples
of such events aze businesses expanding or contracting within Boulder's boundazies, sales tax leakage due
to competition in surrounding areas, and housing starts. We are cautiously optimistic that current trends
will continue but feel that a conservative approach continues to be the prudent path to follow at this time.
Current City of Boulder "base" sales and use tax revenue projections:
TABLE 4
FORECAST 2004 2005 2006
Base Sales/Use Tax actuaUforecast 1.01% 1.00% 2.00%
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In addition to projected increases in the city's cunent retail "base," the Twenty Ninth Street project
(replacing the old Crossroads Mall) is coming closer to fruition. It will add approximately 850,000
squaze feet of retail and restaurants including a state-of-the-art theater. Demolition of the old Crossroads
Mall has already occuned and construction has begun on the new complex. Merchants committed to date
include:
American Century Theater
Acom
Home Depot
Bath & Body Works
Francesca's Collection
Victoria's Secret
Pei Wei Asian Diner
Ann Taylor Loft
Ruby's Diner
Clark's England
Lucy ~
White HouseBlack Mazket
Puma
J Jill
Wild Oats Corp. Headquarters
Wild Oats Market
Coldwater Creek
The Home Depot is scheduled to open within the first quarter of 2006 and the grand opening for the
balance of the center planned for October 1, 2006. Twenty Ninth Street will be an appreciated addition to
our sales tax base but will not enable funding a cetum to service levels of the past. Retail competition in
surrounding communities limits the ultimate sales tax revenue potential of the project and means it will
not recapture the level of sales tax previously generated by Crossroads Mall. We will be very
conservative in projec[ing and appropriating new revenue to ensure that our service/expenditure base is
sustainable.
This report will be updated and will be available on approximately the tenth business day of each month.
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Total Net Sales/Ose Taz Receipts by Taz
SalesTax 47,109,179 48,006,051 1.90% 77.90%
BusinessUseTax 6,473,535 7,167,092 19.71% 11.63°/
Construction Use Tax 2,527,433 4,794,605 89J0°/ 7 78o/a
Mororvehicle 1,809,343 1,746,322 3.48% 2.83%
Refunds -52,974 -91,294 7234% -0.15%
To[al Sales and Use Tax 57,866,516 61,622,776 6.49°/ 100.00%
Tatal Net Sales/Use Taz Recei
Food Stores
Eahng Places
Apparel Stores
Home Fumishings
General Retail
Transportation/Utilities
Automohve Trade
Building Material-Retail
Consiruction Ose Tax
Construction Sales Ta~c
Consumer Electronics
Computer Related Business Sector
AIl Other
7~234~851 7~534~297 4.14% 1213%
1,807,542 1,894,278 4.80% 3.07%
2,137,054 2,125,239 -0.55°/ 3.45%
11,247,374 11,603,662 3.17% 18.83%
5,384,073 5,588,567 3.80% 9.07%
4~843~055 4~688~353 3.19% 7.61%
1,588,057 1,634,694 2.94% 2.65°/a
2,518,709 3,968,173 57.55% 6.44%
220~966 221,940 0.44% 036%
1,151,810 1,418,668 23.17% 230%
3,844,009 4,208,508 9.48% 6.83%
7,777,919 8,779,153 12.87% ]425%
-52,974 -91,294 7234% -0.15°/a
Total Net Sales/Use Tax
Area
North Broadway 809,530 828,102 229% 134%
Downtown 3,940,360 4,379,052 11.13% 7.11%
Dovmtown Extension 348,354 406,034 16.55% 0.66%
iIHGID Qhe "hill") 1,162,320 868,329 -25.29% 1.41%
East Downtown 686,032 671,808 -2.07% 1.09%
N. 28th SG Commercial 3,961,736 3,764,354 -0.98% 6.11%
N. Broadway Annex 283,578 219,497 -22.60% 036°/
UniversityofColorado 775,495 927,539 19.61% 1.51°/a
Basemar 1,087,255 ],032,445 -5.04% 1.68%
BURA (inc xrds) 14,312,421 14,919,003 424% 2421%
TableMesa 1,474,886 1,521,788 3.18% 2.47%
TheMeadows 893,652 833,718 -6.71°/a 135%
AIIOtherBoulder 3,315,277 3,757,881 1335% 6.10%a
Boulder County 697,373 786,519 12J8o~ ~ Zgo~a
MetroDemer 2,100,222 2,852,542 35.82% 4.63%
Colorado All Other 86,314 144,819 67.78% 024%
OutofState 4,920,470 4,886,964 -0.68°/ 7.93%
Airport 7,710 8,783 13.91°/ 0.01%
GunbaRel tndustrial 3,361,715 3,296,003 -1.95% 5.35%
Gunbarrel Commercial 711,521 734,870 3.28% 1.19%
Pead Street Mall 1,815,181 1,863,299 2.65% 3 02%
Boulderlndustrial 5,395,620 6,222,659 1533% 10.10%
UnlicensedReceipts 233,449 1,054,304 351.62o~a ~~~o~a
County Clerk 1,809,343 1,746,322 3.48% 2.83%
PublicU[ilihes 3,729,647 3,987,435 6.91% 6.47%
Refunds -52,974 -91,294 7234% -0.15%
Total Sales and Use Tax 57,866,516 61,622,776 6.49% I00.00%
Miscellaneous Taz Statistics ~ 80f(4 ..'J 2005 ~ "(p Ckenge 'I
Tolal Food Service Tax 324,420 346,450 6.79%
Accommoda[~ons Tax 2,014,610 2,343,660 1633%
Admissions Tax 372,574 342,894 -7.97%
LicenseFecs 22,650 21,900 -331%
TrashTax 798,366 1,219,767 52.78%
Tarz by Mo & Category
TOTALCITYSALESANOUSETAXCOLLECTIONS I I ~
REVEfkIECATEGORY YEAR . JAN _ FEB :~p11ji, .'APR' MK'~' ~ ~UN d4k . . AIIG ~9EP . OGT .: NOY DEC ~ ~T0.L '/cGHG
RETAILSALESTA% 199] 4,021.198 3,490,839 4,549,082~ d.160,956 6,029A25 4,9A],334 4,2H,869 4,360.040 5,248,88] 4,052,625 6,249,48] 6,502,388' S3,]61,930 4.03%
RateChg311%~326% 1998 6,115,142 4,142,135 5,055,362 d,28],89]~ 4,Si4,6R S,Y&1.11] 4,346,353 <,]81,185 5,616,609 9.068.999 6.826,835 6,10V,394~ 5),999A60 2.]3%
Rate326% 1999 4,392,150 4,]4,965 5,493.583 4,694,105 5235)92 6,110,35] 4,988,459 5,039,548 6,725,483 4,909,120 5,164,460 7,132,320 64,946,3C5 11.31%
2000 A,d50,553 S,t16,135 6,066,890 4,]26,230 9,84],958 6,3]3,59E 4,942,SW 5.153,202 6,856,211 5,225,099 4,858.152 9.080.114 66,696,110 349%
2001 4,95],524 4,489,252 6,241,31] 4,635,634 9,82d.201 6,190,040 4,463,6&5 4,BA0,590 5,988,513 4,]92,%6 d,518,650 6,822.30]' fi2,fifi9,849 -604%
2002 4.538,1G6 3,903,9% 4,958,202 4.544,590 4,682.310 5,663,450 6.381,120 4,]25,305 5_5]O,OE9 d,168,969 4,315,592 6,212,808 5]_]25_10] -1.89%
2003 3,8]2.314 3,8]4,955 5,055,13G d,093,068 4.26d.~29 5,232,316 6,16'l,686 4,663.992 5,111,981 4,288,213 4.2d6,924 5,940,1]5 56,8]1.089 A.99Y
RateChg326%~3<i% 2Wd 4,394,136 4,1]Op6] 5,32],051~ 4,339.594 4.461,055 5,3C0,555 4.333.128 4,]49,659 5,542.805 4,dW.131 6,518,629 6,602,036 58,229,844 145%
Rate3.41% 2005 4,255,041 4,453,3]0 5,232,389i 4.353.026 4,5]6,864 5,535,196 4.499,0]8 5,013,3]9 5,550.916 4.561)80 48,006,051 -1]56%
Changefrompnoryear(MOnN) -31]% 6]8% 4.]e% 0.31% 2.60% 3.66% 3.71% 555% OAS% 2.05% -10000% -100.00%I
Changehomp^oryear(YTD) Ji]% 1.68% 035% 0.34% 0]9% 1.33% 1.65% 245% t.89% 1.90% -]02% -1]56%~
CONSl1MERUSETN( 1991 548,91] 094254 ]03,S65i 6fi1p81 J69,b5 1,045,]BB ~50,836 659,312 B]6,052 698,353 55),149 t.011,36] 8.480,106 291%
RaleGM1g311%>326% 1999 13],551 521,621 1A90,009~ 908,628~ 661,896 ]81,]51 698,0]0 ]61,515 838.d03 616,]03 122,949 1,29'1.623 9,632,221 835%
Rate3.26% ~999 686,623 ]19,612 8)9,496' S85,863 688,d65 914,068 969,355 867,692 1.086,901 686,512 5]2,380 1,4]6,A45~ 10,132,610 5]9%
2000 699,192 ]84.50] 968.5C5~ 809,122~ ]i3,92] 1,056,603 ]8],906 946,2T/ 1,295,039 69],305 900,931 1,620,215i 11,098,124 953%
2001 1,1fi5,93] 899,129 1)]1.836 908,629~ 889,191 1.621.619 1,01t,88] 9]5,272 955,683 1.415,169 ]<8,]68 t,090.556 13.259,4% t9.d]%
2D02 ]16,462 565,9]6 1,293,800 ~83,956~ <91,23] 1,W1,T/9 808,999 6]1,088 698,d55 ]6],543 628,926 td53296 9.62],516 -2].39%
2003 ]98A5] 511,559~ 836,398 B11,962 ]86,286 962,]85 656798 819.164 919.869 635,d55 1,00.5,632 t,052,566~i 9.903,632
~ 28)%
RateG~g326%~3.41% 2004 980,229 665,018 899,453~ ]42,692 ]24,614 866,9]4 810,874 922,d01 941.990 ]28,63d ]50,9]1 10,215,625
1,181,P6 d.39%
Rate301% ]005 821.88] W].036 951,085 i,Oifi,614~ 1,143,592 1.001,048 864,]20 ]88,465 1,094,030 ]58,931 9,913,41G -02]5%
Ghengehompnoryear(MOnN) -15.SG% -23]6% 5]4°b' 36.88%i 52.30% i5.d6°k 6.64% -id.52% 16A9% 916% 400.~0% 400.00%~
Changefrompnoryear(TTD) -~5.54% -t8.86% -10t]% O.dfi%~ 983% 10.83% 1023% 6]8% 7.95% ]61% -t.33% -12]5%~
CONSTRUCTION USE TA% 199~ 160,391 138,436 185,2]6 162,011'~ 222.809 112251 194,632 203,2]5 199,533 129,502 t95,462 119,44 ~ 2,143,081 3.98%
RateCM1g311%>326% 1998 128,]10 206,650 230,126 26).9]5 i19,]80 213.]8] 190.90 262.1d8 1]8.061 280,231 192,695 242,169~ 2,5]3,501 1456%
Rate326% 1999 156.009 1]1,]04 P23,83] 213,%31 2<Q~990 315,896 1]0.109 218,111 d19,966 136.124 158,510 144,611~ 2.565.610 -0.31%
2004 239,212 4]6,528 168,469 364,250 355,125 1A0,920 399.110 253,944 129,0]0 259.312 1]3,901 299,]44, 3,299,682 28.58%
2001 191p96 331.3]6 1]2.691 1]1.1Y1 198.124 18~.203 22].OW 311.933 <]1.446 319.083 194.510 i66.M3~ 2.9<1.850 -1082%
2pp2 214,010 Sfi5.519 282.392 992,58] 215.384 1.181,806 195,3]4 19~.]65 158.413. 16/.213 167,464 389.065 4.1'!t)]3 d1 81%
2003 109,4A9 121,585 t38,559 238,24fi 015)56 615,308 220,4t3 259,906 239,33] 161,913 292,983 388,15]) 3,256,653 -21 96%
RateChg326Y~3.91% 2006 ~ 210.383 33fi,148 38],CB] 990,926 229,416 701,132 204,&51 155,409 212.299 119,283 238,459 293.08]i 3,048,9]8 40.50%
Ra[e341Y. 2005 912,5&S 182,540 28].865 961,8]8 456,0]3 913,18] i8Q609 235,308 282.503 2]6,249 9)94.605 5]25%
ChangeGOmpnoryear(MOnpi) 333]]% 132.80% -25]1% -5.82% 9880% 402.50% -9.00% 5161Y. 33.0]% 131.59% -100.00% -100.00%~ _
noryear~VTD) _
ChanBelromG_ _
- 333]]%
"_ -" "_ 210.16%
- _ 11231%
"
I_ _" __"_ - ]i.6d%
J
~-.-_ ]540%
_--
I 10]]9% 96.06% 92.90% 8].63%
__--' 89.~0% 73.35% 925%
-__"'
I .-_--'_
_-"_
TOTALFORMONTHbCHANGE FROMGREV IOUSYEAR~M ONTHdYTO ) ~
199] 4,]30.506 4,123,529 5,43],923 9,928,516 4p21,890 6,165.3~3 5,161,335 5222,62] 6,324.2]2 4,880,480 5,002,095 1,693,1]9' 66,391,]22 3.88%
Rate311%~326% 1998 4.901A03 d,8]0,405 6,365,4]] I 5,464,d99 ~ 5,362,333 6,Y]5,855 5,234,994 5,7&5,9d8 6,633.0]6 4,945,133 5,]01,9]9 8,244.186~ ]0.105,186 3.86%
~Rete326% 1999 S,iB2]ffi 5,603,48~ 6,596,915 5,493,521 6.165,236 ],340,319 6A25,922 6,123,351 7,632,350 5731.15] 5,895,356 9,353,3]fi~ ]],144,365 W.09%
2000 5,388,907 6,3T1,1]0 7,223.905 5,900,202 ~ 5,91],NO 7.569,N6 B,N8,521 6,353p23 8,380,325 6.181,115 5,932,990 9)W,132~ 81,093,515 SA2%
2001 6,314.95] 5,]19,]56 8,191,903 5]15,410 5,911,516 ],800,901 5,702,381 8,12].295 ~,315,641 6,526,328 Sp61,909 B,O]9,156 ]8.8]1.153
~ -2.]A%
2002 Sp69216 5,035,4G9 6,539,396 5,'!]1,133 5,394,991 ].938.839 5,385,493 5,594.139 8,3'/Q919 S,t03?25 5,111,931 ]1,52A,3%
],810,169 -9.31h
2003 4,A4.920 4,514,099 6,030,W3 5,209,2]] 5,466,9]1 6.8]OA10 5,044,89] 5,143,101 6,328,188 5,085,581 5,585,538 ],380,89] 68,031,]]6 4.88%
RateCM1g32fi%~3.41% 2006 5,594,148 5,1]1,633 6,613,991 5,5]2,]12 5,415,085 6,389.261 5,398.853 5,82],468 8.69].093 5,298,661 5,508,059 8,066,899 ]1,494,469 0.4]%
Rate34l% 2005 5,995,513 5,142,946 64]7,340 5.831.518 6,136,529 ],A49,961 5,545,20'l 6,039,152 6.921.049 5,5]6,994 0 0~ 61,]14,W0 -13.68%
LcssRefunds 2003 -34.330 A,ffi] -1,0]8 439,]98 At,l'/2 -]6,32B <22 -596 89.160 3,]]9 E]9 <6.599i -424,2]2
2004 -1.3Y3 10,505 fi38 -9]2 5,963 -151 -1,299 -0,643 -244 -2],318 S,159 <,330i -63,061
]005 -2<6 -66,044 -909 -2,666 -1.66] -10,080 3,062 ~1,20] -846 -1,596 -91,294
Adjuslediotal ~ 2000 5,388.910 6,3]3,504 1,209,214 5,8]e,]70 5,91'/,110 ],551,349 6,0~6,321 6,353.231 8.W6,501 6,1]5,]65 5,]SS,W9 9,143,09d~ 80799,31~ -2.48%
20~1 6.314,960 5,600,826 8,1)1.429 5,68],550 5.910,439 ].BOO,d56 S,fi98,895 6,119,069 ],312,362 6_521,146 5,461,909 8_0]3,311~ ]B,]ifi,35] -2.58%
2002 5,468,062 5,035,219 6,521,258 5]]1,133 5,391,]52 ].922,846 5,384,96~ 5,583,919 6,255,]13 S,OB1,B28 5,110,383 ].900.105 ]1,32].182 -939%
2003 d.]40.591 4,505,2]2 6,023,015 ~ 5,016,d]9 5,424,999 6,194,OB2 5,040,4]5 5,142,505 625].023 5,081,802 5,584.959 ],33M1,298 6],60],502 -521%
RateChg326%>341Y 2004 5,583,406 5,161,128 6,613,356 ; 5,5]1,840 5,409,121 6,389,110 5,39],559 5,822.825 6,696,999 5211,329 5,502,301 8,062,569 ]1,931,386 1.01%
Rate341% 2005 5.995,266 S,616.902 6,470,d31 5,828,952 6,134.882 ].439,3fi1 S.Sd2.1d5 6,032,946 6,926,603 5,5]5,399 0 0' 61,fi22,]]fi -13.]3%
%Change(mon~h) ~ ].38% 9.99% ~ -2.16;6 6.61Y. 1342% 1644% 3.60% 361% 343% 5.]]% -100.00% -10000%~
% CM1ange (YTO) I ] 38h 8.63% 4.52% 4.54% ; 6.24% 811% L52% ].02% 6.56% 6.49% -2.]6% -13.13%~
USE >< SALES
COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR THE YEAR 2005 TO COMPARABLE PERIOD IN 2004
USE TAX BY CATEGORY
SALES TAX BY CATEGORY
OG`~'~p6E1~ Y1~k ACtua1. .: UC:I'ip&1~3[t:S'1'It rtetual :'
2Q~14.:`;' :)2QQ5.' : . '.'P~aChatige;" StandardIndustrialCode '.:i2€104.' 1Q(15':` °ln~i~ahg0
39,202 44,391 13.24% Food Stores 8,124,869 8,004,147 -1.49%
176,994 ]09,556 -38.10% Eating Places 7,057,857 7,424,742 5.20%
4,148 85,161 1953.16% Apparel Stores 1,803,394 1,809,116 032%
3,038 8,471 178.86% HomeFumishings 2,134,016 2,116,768 -0.81%
776,579 697,859 -10.14% General Retail 1Q47Q795 10,905,803 4.15%
244,099 192,902 -20.97% Transportation/Citilities 5,139,974 5,395,665 4.97%
1,831,915 1,764,937 -3.66% Automotive Trade 3,011,140 2,923,416 -2.91%
13,873 14,094 L60% BuildingMaterial-Retail 1,574,184 1,620,600 2.95%
2,518,709 3,968,173 57.55% Construction Use Tax 0 0 na
0 0 na Construction Sales Ta~c 220,966 221,940 0.44%
41,096 34,328 -16.47% ConsumerElectronics 1,110,714 1,384,340 24.64%
2,543,596 3,164,190 24.40% ComputerRelatedBusiness 1,300,412 1,044,318 -19.69%
2,617,063 3,623,957 38.47% AI1 Other 5,160,856 5,155,196 -0.11%
10,810,311 13,708,019 26.81% TotalSales and Use Tax 47,109,179 48,006,051 1.90%
USE TAX BY CATEGORY SALES TAX BY CATEGORY
,: :.::.::. 4CI`QgE12'1'`I'D Actual':' : ' :: ::::::::: : .:.:. :~GTQ~EIt.Y~ :4etual :
2RiY1 :: ; i:..2~1D5 ; o!¢ CM&hg~ Geographic Code 2U0?}..', 2~105 '' ~ Cks~iF$e :'
72,324 70,778 -2.14% North Broadway 737,206 757,324 2.73%
234,132 343,649 46.78% Downtown 3,706,228 4,035,403 8.88%
24,852 34,428 38.53% Downtown Extension 323,532 371,606 14.86°/a
351,414 16,599 -95.28% UHGID (the "hill") $10,906 851,730 5.03°/a
94,121 129,754 37.86% EastDowntown 591,912 542,054 -8.42%
100,712 129,120 28.21% N. 28th St. Commercial 3,861,024 3,635,234 -5.85%
146,560 15,584 -8937% N.Broadway Annex 137,017 203,914 48.82%
77,556 231,790 198.87°/a University of Colorado 697,939 695,749 -031%
82,103 29,142 -64.51% Basemaz 1,005,152 1,003,304 -0.18%
335,158 935,658 179.17% BURA(incxrds) 13,977,263 13,983,345 0.04%
16,229 19,835 22.22% Table Mesa 1,458,656 1,501,953 2.97%
13,515 36,342 168.90% The Meadows 880,137 797,377 -9.40%
1,621,813 1,907,424 17.61% AIIOtherBoulder 1,693,464 1,850,457 9.27%
117,420 21Q585 7934% Boulder County 579,953 575,935 -0.69%
95,865 715,180 646.03% Metro Denver 2,004,358 2,137,362 6.64%
1,339 51,822 3768.79% Colorado All Other 84,975 92,997 9.44%
360,809 313,165 -13.20% OutofState 4,559,661 4,573,799 031%
1,106 3,385 206.15% Airport 6,605 5,398 -18.26%
2,887,965 2,862,862 -0.87% GunbanelIndustrial 473,750 433,141 -8.57%
3,522 11,520 227.08% Gunbarrel Commercial 707,999 723,350 2.17%
21,589 23,495 8.83% Pead Street Mall 1,793,592 1,839,803 2.58%
2,065,107 2,805,095 35.83% BoulderIndusVial 3,33Q513 3,417,564 2.61%
106,712 914,881 75733% UnlicensedReceipts 126,737 139,423 10.01%
1,809,343 1,746,322 -3.48% County Clerk 0 0 na
169,046 149,605 -11.50% Public Utilities 3,56Q602 3,837,831 7.79%
10,810,311 13,708,019 26.81% Total Sales and Use Tax 47,109,179 48,006,051 1.90%
Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food
Stores Eating
Places Apparel
Stores Home
Purnish. Gen.
Merchandise
Transport.
AllOthers GRAND
TOTAL
2003
Janua 3,048 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 4,283 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 tember 4,659 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 18,147 1,9~2 7,083 304 ~,785 67,097
December 3,252 27,543 11,350 2.180 25,043 298 5.170 74,835
2003 TOTAL 43,601 413,020 94,036 35,450 303,775 7,594 31,845 929,322
2004
Janua 2,985 34,863 3,813 1,918 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 12257 428 2,136 66,129
Ma 5,372 38,591 6,173 1,682 11,276 358 2,130 65,583
June 3.625 31,801 6,545 1,840 26,531 3,350 73.693
Jul 3,689 29,722 5,741 2,595 10,272 90 1,155 53.263
Au ust 4,379 38,234 9,442 2,576 63,624 2,647 3,149 124,050
Se tember 5.100 45,386 15,854 2,549 38253 623 933 108,698
October 5,040 48.097 8.459 2,252 17,450 46 1219 82,562
Navember 4,265 40,629 5,427 2,100 10,786 983 64,189
December 3270 30.170 8.937 2,232 23,885 465 3,716 72,674
2004 TOTAL 47,442 452.585 87,695 25,958 300,441 6.246 27,404 947,770
2005
Janua 3,864 35,046 4,753 2,297 51,848 21 1,024 98,853
Februa 4,414 40.415 10,362 1,764 15,061 ~24 72,140
March 4.488 39,054 8,680 2,150 '13,203 1,019 3,465 72,060
A ril 5,597 45223 7,002 1,950 10,320 48 4,521 74,662
Ma 4,825 33,911 6,296 1,901 73,696 503 61,131
June 4,137 39,749 6,319 2,111 14,474 2,294 69,085
Jul 4,476 34,798 3,953 '1,815 19,715 1,01'I 65,768
Au ust 5,220 50,377 8,408 2,91~ 76,001 1,543 144,466
Se tember 5,120 49,113 13,361 3,000 27,814 1,293 99,702
October 5,078 51,093 14,551 2,928 19,606 607 93,865
November
December
2005TOTAL 47,221 418,778 83,685 22,833 261,739 1,088 16,385 851,730
% Change from 2002-2003 3.26% 2.51 °/ 5.12% 3.95%a 3.12% -4.64% 90.92°/a 2.47%
% Change from 2003-2004 4.02% 4.76% -10.85% -30.00% -5.45% -21.38%a -17.73% -2.50%
°/ Change from 20042005 18.33°/, 9.69% 14.12% 5.58% -1.52% -81.17% -27.84°/a 5.03%
°/ Changa from previous year month 0.76°/ 623°/ 72.02% 30.00% 12.37% -100.00% -50.17% 13.69%
NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate.
Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Ciassification
Food
Slores Eating
Places Apparel
Slores Home
~ Fumish. Gen.
Merchandise
Tnns rt,
Conslruction
ai anaB GRAND
TOTAL
2003
Janua 3,048 27,490 9,364 2,690 54,745 25 1,023 2,729 101,174
Februa 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 1,579 818 3,600 70,940
A nl 3,600 36,388 4,283 2.896 71,651 57 415 3,194 62,484
Ma 3,180 34,700 5,627 2,547 74,239 - - 2,142 62,434
June 3,436 27,284 6,816 2,854 25,577 59 571 4,090 70,68I
~W 3,348 25,397 5,060 2,856 10,236 - 245 1,259 48,399
Au us[ 3,893 44,608 8,241 3,646 62295 7,588 687 1,539 126,499
Se tember 4,660 48,734 10,072 3,600 35,827 - 6,749 2,457 112,099
October 4,024 43,413 7,328 3,745 17,323 3,744 2,424 82,002
November 3,415 37,045 18,147 1,912 7,095 304 446 1,785 70,149
December 3,260 27,573 11,350 2,780 25,117 298 385 5,478 75,647
2003 TOTAL 43,618 477,782 94,036 35,450 304,099 7,594 11,338 28,033 941,951
2004
Janua 2,986 34,863 3813 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 1.086 38,833 5,012 2,204 21,184 408 140 5,000 73,868
A ril 5,139 39,323 5,411 1,802 73,510 428 70,847 2,349 78,810
Ma 5,373 39,319 6173 1,682 11,284 358 1,520 3,963 69,672
June 3,626 32,688 6,545 1,840 26,553 3,276 5,512 80,040
Jul 3,689 30,109 5,741 2,595 10295 90 22,470 1,155 76,084
Au ust 4,379 36,926 9,442 2.576 63,645 2,647 923 3,149 123,686
Se tember 5,100 45,392 15,854 2.549 38,256 623 13,383 1,235 122,391
October 5,040 53,222 8,459 2,252 77,471 46 189 1,220 87,898
November 4265 40,987 5,427 2,100 70,789 1,007 64,575
December 3,270 31,875 8937 2,232 23,987 4fi5 1.227 4,125 76,178
2004TOTAL 47,446 461,253 87,695 25,958 301,938 6,246 85,586 32,776 1,048,897
2005
Janua 3,864 35,076 4.753 2,297 51,848 21 1,023 1,024 99,905
Februa 4,414 40,520 70 362 1,764 15,254 1,321 124 73,760
March 4,488 39,363 8,680 2.150 13,217 1,019 61 3,752 72,730
q~I 5,597 45,782 7,002 1.950 10,410 48 2,819 4,521 78,130
Ma 4,825 33,984 6,296 1,901 13,697 165 503 61,370
June 7.206 40,261 6,319 2,117 14,475 157 2,566 73,095
Jul 4,476 34,832 3.953 1,815 19,715 8 7,017 65,811
Au ust 5,220 57,481 8.408 2,917 76,066 2,147 1.543 147,782
Se tember 5,120 49,442 13,361 3,000 27,874 958 1,581 107,336
Octaber 5,078 51,094 14,551 2,928 19,641 513 607 94,412
November
December
2005TOTAL 50,290 421,834 83,685 22,833 262,196 1,088 9,172 17,231 868,329
% Changefrom2002-T003 3.19% 2.50% 5.12% 3.95% -309% 22.12% 2.34% 16.22% 7.43%
% Change from 2003-2004 3.99 % 5 55% -10.85% 30.00% -5.08% -21.38°/ 621.66 % 11.77°/ 6.46 %
% Changefrom20042005 26.00% 8.61% 14.12% 5.58% -1.86% -81.17% -8913% -37.67% -4.39%
%Changefrompreviousyearmonth 0.76°/ -4.00% 72.02% 30.00% 12.42% -100.00% 172.00% -50.21°/ 7.41%
NOTES: Percentage change calculations for 2004 have been adjusted to eliminate lhe impact of the increase in the sales/use tax rate.
UHGID Yearty Summary
Salas and Usa Tm~ Breakdown by Intluslry Category
Food Eating Apparel Homa Genarai
Stares Placas Stores Furnishings Meroh AIl Oth¢r Total
OCT2005 $50.290 $421,834 $83,685 $22.833 $282,196 $27,491 $868,329
6% 49% 10% 3% 30% 3% 700%
2004 $69,446 $46t 253 $B1.695 $25,958 $301,938 $124,607 $1,048,897
SWo 44% 8% 2% 29% '12% 100%
2003 $43.618 $417,782 $9d,036 $35,450 $30d.099 $46,965 $941.951
5% 44% 10% 4% 32% 5% 700%
2002 $62.2fi8 $40].60fi $89.454 $34,tOd $313.795 $47.419 $928,696
5Yo 44% 10% 4h 34% 4% 100%
2001 $4i,988 $394.142 $703,513 $35,171 $3t8,~63 $26,961 $920,478
5% 43% 11% 4% 35% 3% 100%
2000 $34,841 $378,042 $99,206 $39.O6fi $366,669 $17,242 $935,066
4% 40% 11% 0% 39% 2% 100%
1999 $38,416 $345,800 $92.8~8 $48,325 $345,546 $5,309 $874.272
4% d0% 17% 5% 40% 7% 100%
1998 $33,~8'1 $350.299 $726,6]0 $40,532 $306,191 $12,898 $870,371
4% 40% 15% 5% 35% 1% 700°h
1997 $37,537 $323,175 $126,465 $39,846 $376,999 $9,035 $853,057
6% 38Yo 15% 5% 3]% 7% 100%
1996 $33.~42 $342,802 $145.274 $74.088 $317.743 $15,788 $929.43~
d% 37% 18% 8% 34% 2% 100%
IUS Sales anC Use Tan _ _
Foad Eatirg Apparel Homa Ganaral
Slores Placas Stores Fumishings Merch AllOlher Tofal
$50290 $421,834 $63.665 $22,833 3262.196 521.497 , $888.<
6% 49% 70% 3% 30% 3% ip
I005
UHGID Sales anG Ux Tmc 0nak0own 4y InEUatry CaGgory
qil OMer
3% FooE Srom
6%
Gene2lMe~ K
3Gk
Eatlng Places
98%
Home FumisM1ings
3% APP~ Sbras
ia~
a
Foad Stores Pletes
OCT2005 $8.048,538 $ ],534,291
1% 6%
2004 $10,148,881 $8,637,718
0% 5%
2003 $9.052,858 $7,847,285
0% 5%
2002 $9.294.39~ $8.133.23~
0% 5%
2007 $9,312,616 $8,384,'190
0% 5%
2000 $H,080,910 $8,484,607
0% 4%
7999 $9,207.721 $7.790,668
0% 4%
1998 $8,932.097 $7,469,09a
0% 5%
1997 $7.739.779 $6.797.237
0% 5°5
1996 $7,611,055 §6,61d,561
0% 5%
Stares FurNShings Merch AllOther Total
$ 7.894.278 $ 3.543.907 $17.803.662 $28,998.094 $ 61.822.77fi
4% 7Yo 2% 0% 1.6%
$2.232.147 $3.778.312 $14.123.007 $32,1]1.342 $70.431.387
4°h 1% 2% 0% 1.5%
$2.046,951 $3,922,549 $13,785,423 $31,552,631 $87,607,503
5% 1% 2°h 0% 74%
$2,348,305 $4.164,992 $13,572,651 $33.815,600 $71,327,182
4% 1No 2% 0% 13%
$2,646,02t $4,53~,112 $15.553,80~ $38,279,528 $78,713,332
4Yo 1% 2% 0% 72q
$3,159,2fi2 $5,975,794 $V,88~,2~1 $36,269,737 $80,797,515
3% 7% 2% 0% 12Yo
$3,359,914 $5,553.219 $17,008,884 $33,893,]O6 $76.814.092
3% i% 2% 0% ii%
$3252,729 $3,S10.448 $'15,738,140 $30,637,10d $69,597,fi12
d% 1% 2% 0% 1.3%
$2.781.018 $3,129.089 $15.439.789 $28.494.04] 864.380.339
5% 7% 2% 0% t3%
$2.782.149 $2.%2.572 $15.1'17.950 $26.975,579 $81.957.866
5% 3% 2% 0% 1.5%
LUOS - Sales Taz Only
Eatfn9 Home General
Food Stores Places Apparel Stores Fumiahings Merch All Ofher Total
$47.221 $418.778 $83.685 $22.833 5~1,739 $7~.473 $851.T.
2005
UHGIO Salw Tu Bnaktlewn by Intluelry Cnpory
cooe sro~a.
iwt
Plaws
%
UHGID Sales Tax Revenues
2001 2002 2003 2004 20U5
January 83,022 96,846 100,032 99,422 98,853
February 65,046 56,994 63,769 64,521 72,140
March 64,537 68,740 69,760 72,985 72,060
April 60,826 68,547 62,055 66,129 74,662
May 61,329 56,306 62.078 65,583 61,131
June 92,013 76,086 69,726 73,693 69,085
July 59,675 63,058 48,079 53,263 65,768
August 88,127 87,167 125,801 124,050 144,466
September 123,121 129,966 104,739 108,698 99,702
October 66,451 73,867 81,351 82,562 93,865
November 60,396 58,271 67,097 64,189
December 86,683 71,034 74,835 72,674
Totals 911,224 906,884 929,322 947,770 851,731
UHGID Sales Tax Revenues
160,000
140,000
120,000
100,000 t 2001
-~-- 2002
80,000 ~ 2003
t 2004
60,000 - -~t- 2005
40,000
20,000 - ~ ~
0
~cJ~~ ~ J~~ ~~~~r PQ~~ ~a.~ ,JCe ,J~~ AJy~ e ~0t Go ec e ~et ~ ~yt
) t~e~ PJ eQ'~~ O~ o~~ e~~
5 ~ O