HomeMy WebLinkAboutSales & Use Tax Revenue Report December 2005City of Boulder
Sales & Use Tax Revenue Report
December, 2005
Issued February 13, 2006
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 total year 2005 collections to the comparable period in 2004.
REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR
Table 1 lists the categories of sales and use tax wllected by the City of Boulder. It illustrates the percent
change in the various areas for 2005 over the same time period in 2004. Fxom an ongoing economic
viewpoint, the row entitled Retail Sales Tax is the primary indicator of how retail sales are performing
this year compared to last year. Year-to-date collections in this category are up 2.54% over last year.
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-6me dollars received by the city for the redevelopment of the Twenry Ninth
Street area and major NOAA-NIST and CU construction projects. Without adjustrnent for one-time
revenue, Construction Use Tax has increased by 83.59%. After adjustments, Construction Use Tax has
inereased by 14.26%. Year-to-date Business Use Tax has increased by 12.35%.
Without adjusting for one-time revenue, the Actual Collected column in Table 1 shows the total increase
in Sales and Use Tax at 6.87%.
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 tax "base." To better reflect the trends in the on-going underlying
economy, the data in Table 1 has been adjusted to exclude construction use tax 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 Sh~eet redevelopment
project is particularly large and cannot be expectcd to be duplicated in subsequent years. 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 5.89% over the comparable period in 2004 whcn thc Twenty Ninth Street is taken out to
eliminate the skew in the data .
Exelude 29`h and Other Large Projects column - removes both the Twenty Ninth Street project and
major NOAA-NIST and CU construction projects. When both of these categories of ono-time revcnuc
are eliminated we anive at [he ongoing revenues that can be compared to last year without the distortion
crcated by tevo major construction areas. This indicates the percentage increase over last year is 3.91 %.
TABLE 1
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Sales and Use Tax Revenue
TAX CATEGORY Actual
Collected
Exclude 291h St Exclude 29 & Other
Lar e Pro'ects
% CHANGE % CHANGE % CHANGE
Reta~l Sales Tax 2.54% 2.54% 2.54%
Business/Consumer Use Tax 1235% 1235% 12.35%
Conshuction Use Tax 83.59% 60.62% 14.26%
Motor Vehicle Use Tax -3.88% -3.88% -3.88%
Refunds 5231% 5231% 5231%
Total YTD Sales/Use Tax 6.87% 5.89% 3.91 °/a
Significant increases / decrcases by tax category are summarized in Table N:
TABLE 2
YTD RETAIL SALES TAX
STRENGTHS: WEAKNESSES:
Eating Places up 5.16% • Food Stores down by 1.07% (primarily due to
General Retail up by 3.SS% timing - an extra payment received from one
• Building Material - Retail up by 4.64% chain in 2004).
• Consumer Electronics up by 22.55% • Automotive Trade down by 3.51 %
Computer Related Business up by 4.22% • East Downtown down by 4.28%
Downtown (former CAGID) up 9.15% • N. 28`" Street Commercial down by 4.68%
UHGID (the "hill") up by 3.40%
Pearl Street Mall up by 1.41 %
Gunbanel Commercial up by 1.99%
Boulderlndustrialup by 3.25%
• Public Util~ties up by 939% (primarity due to taxes
on sales of natural as and electrici b Xcel
YTD USE TAX
STRENGTHS: WEAKNESSES
Construction Use Tax up by 83.59% (60.62% Motor vehicle use down by 3.88% (falls in Use Tax
excluding Twenty Ninth Street & 14.26°/a excluding category because the majority of this tax is collected
Twenty Ninth Street and other large projects) by the County Clerk's Office)
Computer Related Business Use Tax up 23.15%
OTHER TAXES
• Accommodations Tax is up by 1530%.
• Admissions Tax is down by 3.93%.
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PROJECTIONS FOR THE FUTURE
Recent projections continue 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 economy should continue to improve in 2006 and bring job growth that 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 experience 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 52,100jobs, a growth rate of 2.3 percent, That growth should bring the
s[ate's employed to more than 2.25 million - the mark of record employment from 200] 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.
"It's really a combination of factors," said Wobbekind in a phone interview. "The U.S. economy has really
been strong for two years now. That fuels a lot of the Colorado economy."
Colorado has experienced growth in population, cons[ruction jobs, health care, education and retail sales,
he said.
Also, while the majority of [he nation suffered economic fallout from the hurricanes and ensuing rise in
fuel and na[ural gas costs, Colorado's energy industry minimized the impact, he said.
That sector is expected [o grow next year by 2,200 jobs, or 10.1 percent, to ] 8,500.
All but one indus[ry - mformation - is expected to grow. The information sector, stil] reeling from
telecommunications' woes, should lose about 800 jobs, according to the report.
The state's strongest industry remains the professional and business services sector, which is projected to
grow by ] 1,700 jobs, the report said.
Locally, some 5rms have seen a boom. Biotech firm Amgen Inc. plans to hire ] 00 people ]ocally betv/een
September and March, said Debbi Ford, a spokeswoman for [he company that could employ close to 1,000
people at its Boulder and Longmont sites by then,
Law firm Faegre & Bensoq which has an office in Boulder, has seen steady growth during the past few
years, said Colin De~hl, hiring partner for the firm's Colorado offices.
"Webe seen fairly significant growth in the biotech area and the venture capital practice in the Boulder
office," he said.
Boulder's economy is tuming the comer after suffering from hits to [he telecommunications sectoc The
area's software and tech services sectors have grown during [he past 18 months, Wobbekind said.
Nationally, Wobbekind predic[ed the Gross Domestic Product growth will be driven by solid, but slower
consumption and volatile energy prices will become hurdles to critical indus[ries.
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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Exce~pts from the Colorado Economic Perspective, Office of State Planning and Budgeting, December
20, 2005 follow:
• Colorado's recent economic news is favorable. The labor market is improving, personal income
is rising, and retail sales are up.
• Colorado employment will increase 2.1% in 2005, a net increase of 46,600 new jobs compared
with 2004.
• The 2005 Colorado unemployment rate is forecast to average 5.1 °/a, below the 5.5% rate posted in
2004. The unemployment rate will fall below 5.0% in 2006 and will decline to 4.4% by 2010.
• Personal income growth will average 6.4% in 2005 and 6.5% in 2006. Colorado per capita
income will continue to exceed the national average.
• Retail trade sales are forecast to grow 5.7% in 2005 and 5.8% in 2006.
• Consumer prices in Denver-Boulder-Greeley area will rise 1.7% in 2005 and 23% in 2006.
Excerpts from the Colorado Close-Up, Office of State Planning and Budgeting, September
and October 2005 and February 2006 editions follow:
• Coloradds economy continued to expand during fourth quarter 2005. The state is posting steady
employment gains, personal income and consumer spending are increasing, and venture capital is
expanding. Additionally, construction activity remains positive and Coloradds tourism industry
is growing.
• Business investment is currently supported by replacement demand, as well as investment in new
technologies. Future investment growth will be supported by strong profitability, healthy cash
flow, and tax incentives. Investment 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.
• KeyCorp announced plans to hire up to 145 people at its equipment-leasing unit in Boulder over
the next two years...
• Bancroft 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 range in price from $300,000 to $800,000.
• According to the MoneyTree survey, Colorado venture capital investments in second quarter
2005 totaled $144.5 million, an I 1.0% increase compared with second quarter 2004.
Revised September, 2005 forecasts finm the Office of State Planning and Budgeting are listed in Table 3:
TABLE 3
FORECAST 2004 2005 2006
Denver-Boulder CPI-U actuaUforecast 0.1 % 1.7% 2.3%
Pro'ected Retail Sales Trade Growth 62% 5.7% 5.8%
Personal Income Growth 5.8°/o 6.4% 6.5%
Changes in economic indicators at the statc and county level do not necessarily transla[e into incrcased
revenue within the City of Boulder. Economic events specific to the city must be considered. Examples
of such events are businesses expanding or contracting within Boulder's boundaries, salcs tax leakage due
to competition in surrounding areas, and housing starts. We are cautiously optimistic that cuiTent trends
will continue.
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In addition to projected increases in the city's cun~ent retail "base," the Twenry Ninth Street project
(replacing the old Crossroads Mall) is coming closer to fruition. It will add approximately 850,000
square feet of retail and restaurants including a state-of-the-art theater. Demolition of the old Crossroads
Mall has ah~eady occuired and consu~uction has begun on the new complex. Merchants committed to date
include:
American Century Theater
Acorn
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 Brand Jeans
White House/Black Market
Apple Computer
Puma
J Jill
Wild Oats Corp. Headquarters
Wild Oats Market
Coldwater Creek
Sigrid Olson
The Home Depot held i[s grand opening for January 11, 2006 and the grand opening for the balance of the
center planned for the third quarter of 2006. Twenty Ninth Street will be an appreciated addition to our
sales tax base but will not enable funding a retum 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 conservative in
projecting 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.
C:\DOCUME-1\FishLl\LOCALS-1\Temp\2005-12 Revenue Report - Memo.doc
Total Ne[ Sales/Use Tax Receipts by Tax
SalesTax 58,229,844 59,705,680 2.54% 78.21%
Business Use Tax 8,078,008 9,075,494 1235% ] 1.89%
Construc[ion Use Tax 3,048,978 5,597,684 83.59% 733%
Motorvehicle 2,137,618 2,054,687 -3.88% 2.69°/
Refunds -63,061 -96,051 52.31% -0.13 %
Total Sales and Ose Tax 71,431,386 76,34Q493 6.87% 100 0~%
Total Net Sales/Ose Tax Recei
~FoodStores 10,148,861 IQ046,723 -1.01% 13.16%
Eating Places 8,637,718 8,995,846 4.15% ll.78"/0
Apparcl Stores 2,232,147 2,362,366 5.83% 3.09%
Home Furnishings 2,705,841 2,778,532 2.69"/0 3.64%
GeneralRetail 14,723,007 14,587,419 3.29% 19.11%
Transportation/Utilities 6,549,535 6,899,961 535% 9.04%
AutomotiveTrade 5,791,620 5,578,409 -3.68% 731%
BuildingMaterial-Retad 1,888,446 1,982,564 498% 2.60%
Construction Use Tax 3,043,229 4,492,268 47.62% 5.88%
Construction Sales Tarz 283,196 276,057 -2.52% 036%
CansumerElectronics 1,412,471 ],687,256 19A5°/a 221%
Computer Related Business Sector 4,723,349 5,532,610 17.13°/ 7.25%
AllOther 9,955,028 11,216,532 12.67% 14.69°/
Refunds -63,061 -96,051 5231% -0.13%
Total Sales and Use Tax 71,431,386 76,340,493 6.87% ]00.00%
Total Net SalesNse Tax Receipts by Geographic Area ~ - Z004 I ZUUS ~ % t;ttangC t % o~ i p«~ I
North Broadway 989,911 1,010,726 2.10% 132%
Downtown 4,836,664 5,368,151 ]0.99% 7.03%
Downtown Extension 427,053 484,939 13.55% 0.64%
UHGID (the "hdl") 1,303,013 996,900 -23 49% 131°/
EastDowntown 827,226 823,342 026% 1.08%
N.28thSCCommerc~al 4,86Q093 4,675,113 -3.81%a 6.12%
N. Broadway Annex 346,150 295,038 -14.77% 039%
UnrvetsityofColorado 862,113 1,018,605 18.15% 133°/
Basemar 1,303,209 1,238,442 -4.97% 1.62%
BURA(incxrds) 17,756,1Z3 18,511,512 425% 24.25"/
TableMesa 1,885,477 1,95Q860 3.47% 2.56%
TheMcadows 1,132,493 1,07I,ll0 -5.42% 1.40%
AIIOtherBoulder 4,082,135 4,558,569 1167% 5.97%
Boulder County 878,498 969,402 1035 % 1.27%
MehoDenver 2,696,749 3,528,415 30.84% 4.62%
ColoradoAllOther ll4,565 17Q545 48.86% 0.22°/
Ou[ofS[ate 6,137,173 6,298,379 2.63% 8.25°/
A~rport 10,201 16,359 6037% 0.02%
Gunbarzel [ndustrial 4,068,710 4,131,499 1.54% 5.41°/
Gunbarrel Commercial 917,541 944,050 2.89% 1.24%
Pead S[ree[ Mall 2,269,535 2,29I,718 0.98% 3.00%
Boulder Industrial 6,799,219 7,671,907 12.84"/0 10.05%
Unl~censcdReceip[s 321,928 1,429,319 343.99% 1.87°/
County Clerk 2,137,618 2,054,687 -3 88% 2.69%
PublicU[iLties 4,537,053 4,926,958 8.59% 6.45%
Rcfunds -63,061 -96,051 5231 % -0 13 %
Total Sales and Use Tax 71,431,386 76,340,493 6.87"/0 100.00%
Miscellaneous Tax Statistics ~ lUUM1 ~ LuuD ~ J enange I
Total Food Servicc Tax 387,643 473,574 6.69%
Accommodat~onsTax 2,306,418 2,659,233 1530%
Admiss~ons Tax 459,219 441,191 -3.93%
LicenseFecs 26,475 25,950 -].98"/~
Trash Tnx 1,053,327 1,258,533 19.48°/
Tax by Mo & Cacegory
TOTALGINSALESANDUSETAJCCOLLECTIONS I I I I
REVENUECATEGbRC YEAR JAN EE9 MA{2 APR MAY .IUN dllf, AUG S~P OCT NOV . DEC TOTd€ %CHG
RETAIL SALES TAX 199P j 4,021,198 3,490,839~ 4,569,062~ 4,104,956~i 4.029,425 4.941.334 4,211,669 4,360,040 5,248,68] d,052,625 4,249,48I 6,502,388' S3,]6/,930 4 43Y
Rate Ghg 311% > 3 26h 1998 4,115,1<2 4,142,135; 5,055,342~ 6,28],89] 4,579,65] 5,480,11] 4,3Y6,353 4,961,185 5,616,609 4,048,]99 4,826,835 fi,]06,394i 51,899,46< 2]3%
Rate 3 26% 1999 ~ 4,342,150 4,]12,965; 5,093,583 4,690,105 5,235,]92 6,110,35] 9,886,959 5,039,548 6,125,483 6,909,120 5,169,464 ],]32,320i GY,406,345 11 31%
2000 4,450.553 5,116,135 6,O66,B90 4.726230 4,841,958 6.3~3,594 4,9d2,506 5,153202 6,856,21] 5225,099 4,858,152 8,OB0,1]41 66,696,]10 3<9%
2001 ~, 4.95],524 4,489,252I 6,29],311, 4,635,634~ 4,824,201 6,190,Od0 4,463,685 6,840,590 5.888,513 4,192,016 4,518,650 fi,822,301~ 62,669,849 -6.00Yc
' __-___________ __ 2002 I 6.538,164
_"'_ "" __"_ _"-
~ 3,903,950 4,958,202I A,544,590 d,6B2,ffi0
_-- __-I.-__-_~.._-"" 5,663,459
_ 9,391,120 4p25,305 5,5]0,049
_ 4,168,969
"____" 4,315,592
- __ 6,2]2,808 5],]25,109
___~'"______ -~ 89%
-- _
3,812,314
2003 3,0]4,955 5,055,136~ A,093.068~ 4,266)29 5,232,316 4,161,fi86 4,fi63,992 5,1]1,981 9,288,213 4,246,924 5,990,i15~ 54,8)1,499 -094%
Ra~eCM1g326Y>341Y 2004 4,394,136 4,1]0,4fi]I 5,32),051 4,339,594 4,461.055 5,3<0,555 4,333,128 6,]d9,658 5,542,805 9,450,]31 4,518,629 6,602,036 58,229,844 tA5%
Rate 3 41Y 2005 4,255,041 4,453,3]0 5,232,389~ 0.353,026' Y,5]6,Bfid 5,535,196 4,494,0]9 5,013,3)9 5,550,916 4,541,190 4]69,]00 6,932,929 59,]09,680 2 59%
CM1anqefrompnoryear(MOnth) ' -3.1]% 6]8°k -1]B°k 0.31%~ 2.80% 366Y. 3]1% 555% 015% 2.05% SSfi% 501%
CM1angefrompnoryear(YTO) ~ -3.1]% 1.68%I 035%~ 0.30%~ 0]9% 133% 1.65% 2A5% 189% t90% 222% 256%
CONSUMERUSETAX 199] ' S48_91] 694,2501i ]03,565 661p81~ Jfi9,65 1,045,]98 ]56,83J 659,312 816,052 fi98,353 559,14] 1,011,36]I BJ80,906 291%
RaleChg311 e>316°/a 1998 ]3],551 521,621I, 1.080,009I 908,628: 669,896 ]81,]51 698p]0 ]fi1,515 838,403 616,~03 722,Y99 1,291,623 9,fi32,221 8.35%
Rale 3 26% 1999 686,623 ]18,612~i 819.496~ 565.863~ 686,465 91Y,066 969,355 86],692 1.OB6,901 68fi,512 5]2,380 1,4]6,445 10.132,610 519%
2000 fi99,162 ]84,50]I 908.565; 009.]22j ]13.92] 1.05G,603 ]8],906 9Y6,2]] t,295,039 69],305 900,93] 1 420,215~ 11,098,t29 9.53Y.
2001 1,165,93] 899,129 1,]]1,636~ 908,629~ 889,191 19D,618 1,011,68] 9]5,2]2 955,683 1,415,169 ]48,]AB 1,090,556 13,259,454 19.0]%
2002 ! ]16,462 565,9]6~i 1,293,800~ ]83,95G 49],23] 1,091,]]9 808,999 fi]1,088 648,455 ]6],543 626,92fi 1,153,296j 9,6D,516 -2]39%
2003 ' ]90J9 51I,559~ &A6,396i 8]1,9621 l%,286 962,185 656)99 819,160 914,869 635,455 1,045,632 1,052,566 9,9W,632 2 8]%
Rale C~g 3 26Y~3 41% _ 200A ~Bq229 fifi5,018 899,G53 lA2,fi92j )24,61A 866,996 810,8)d 922,601 9d1,990 )28,634 ]50,9]1 1,181,]]6 10,215,fi25 -1 39Y
Rale3 41% Z005 ffi],80] 50],036 951,085~ 1,016,614~ 1,103,592 1,001,048 866]20 ]88,6fi5 1,094,030 ]58,931 968,46] 1,268,300' 11,130,180 6.95%
CM1angefrompnoryear(MOnlh) -1554h -23.]6k, 5]4°k 36.88%; 52.30% 1546% 664% -06.52%, 1614% 4.16% 2896% 5.63%~
CM1angefrompnaryear(VTD) -1554% 4886% -10.1]%I OA6%~ 9.83% t083% 1023% 6]8%, ]95% 7.61% 9.39% 8.95%j
I
CONSTRUGTIONUSETAX 1991 160,391 138,036 185,2]6~ 162,0]]j 222,809 1]2,251 199,632 203,2]5 199,533 129,502 195,462 I]9,4431 2,143,08] 3.96%
fta~eCh93.11 0>326% 1998 ~ 128,~10 206,650 230,126 26],WS~ 1]9,]80 213,]B] 190,5~0 262,]48 118,061 280,231 192,695 242,169~ 2,5]3,541 105fi%
Rate 3 26% 1999 I ~SY,009 1]i,]00 P23.63] 213,553; 240,990 315.896 1]0.109 216,111 419.966 136,124 158,510 144,61t 2,565,410 -0 31%
2000 ' 239.212 4]6.5281 168.469~ 364.250, 355.225 140.920 388,110 253.944 229.0]4 259.312 1]3.901 299,t44! 3.298.682 2858%
2001 191,496 331,316 1]2,691~ 1]1,141; 199,126 10).263 J2].009 311,433 4]t,q46 319,083 19Y,510 1fi6,293j 2,941,850 -1Q92%
2002 214,010 5fi5,519 282,3921 442,58]~ 215,396 1,t81,606 795,394 191)45 159,413 1fi],213 i61,964 384,O65i 4,1]1,]]3 41 61Y
2003 10a.649 121,SB5~ 138,559 238,246; 415,]56 6]5,308 220.413 259,946 239,33) 161,913 292,983 388,15]i 3,256,653 -21.94%
RateCM1g326Y>341% 2004 210,383 336,148 38I,4B] 490,a26~ 229,di6 t81.]32 204,857 i55,d09 212,299 119,283 238.959 283,087'~, 3,048,9]8 -00.50%
Rate 3 41% 1005 912,585 ]82,540i 28],065~ 461,8]8i 456,0)3 H13.19] t86,408 235,308 282,W3 2]6,24] 288,104 51A,9]5~ 5,5W,684 83.59%
"___ _ - __'_____
Change(mmpnoryear(MOn(h)
_
_
333]]% -
13280%~ 25]1%i -582%~ 9880Y
-_-_
.-
40250%
-900%
51.Y1%
330]%
13L59% -
2082%
8191%~,
_
Changefmmpnoryear(VTD)
__ _ _ _
3331]%
.{ .. .. ~
2f016%j 11231%: 11.6a%; 1540%
.
. _.._'__" _ _ __~_" __ _ _
_- __ ""'_-___
10199%
--_
96.06%
__ _
___92.90%
BL63%
_'_-_'
89]OY
-- -"
83]6%
_-- _
8359%i
- _ _" _ _'_ _ - _
~ -
'_ '
TOTAL FOR MONTM & GHANGE FROM PREVI005 YEAR (MONTH 8 YTO) I
199] 9,]30,`A6 4,123,529~ 5,43],923! 4,928,514' 4,]21,890 6,165,3~3 5,161,335 5,222,621 6,324,212 6,880A80 5,002,W5 ],693,1]9 64,391 )22 3.88%
Rate3.11%>3260 1998 4,981.403 4,870.405 6.365,4]]'i, 5.464,499' S,362,333 6,d]5.655 5,234,994 5,785,448 6,633,0]4 6,9A5,I33 5747,919 8,244,166i ]0,'105,186 386%
QRate326b 1999 5,182,]82 5,603,481 6,596,915 5,493,521~ fi,165,236 ],340,319 6p25,922 6.123,351 ~,632,35~ 5,]31)5] 5,895,356 9,353.3i6i ~].109.365 10.04Y
2000 5,388,907 6,377,170 7,223,905I 5,900,202! 5,917,110 ],569,116 6,118,521 6,353,423 8,380,325 6,181,775 5,932,990 9)50,132j 81,093,515 5.12%
2001 6,314,951 5.]19.]56 8,191,903i 5,]15,Y10~ 5,911.516 ],804,901 5]02,381 6,12],295 ].315,6d1 6.526,328 5,461,909 8,0]9,156j J8.8]1,153 -2.]4%
2002 ~ 5,669,216 5,035.C49 6,534,39A 5)]1,133 5.39d.991 ],936,839 5,385,493 5,594,139 6,316,9t] 5,103)25 5,111,931 L910,169, ]1,524,396 -931%
2003 ~ 4,]]q,920 4,514,099 6,030.093 5,209,2]J 5,d66p]1 6,8]0.410 5:04d,89] 5,~43,101 6.326.188 5,0&5,581 5,585,538 1,380,899 68,031_l]A -0.88Y
RateChg326%>3A1 0 2004 I 5,580,]48 5,1]1,633 6,613,991 5,5]2]12~ 5,415,095 6,389,261 5,3Y8.853 5,82],460 6,69],093 5,298,649 5,508p59 8,066,899 ]1_494,Mg p.41%
Ra[c 3 4I% 2005 5,995,513 5,]42,946 6.911.3Y0 5,831,518 6,13fi,529 ],049.4d1 5,505,20] 6,037,152 6,921,449 5,5]6,914 6p26,2]1 8,696,204 ]6,436,5E5 6.91%
Lcss Rcfunds
-
~ 200~ -30,330 -8,821 __ -],0]8 -03J,]98I -01,]]2 -]6,328 -422 596 -69,160 -3.T19 -5]9 <6,599 A24,212
_ 2004 i -1,343 -00,505I -636~ -BI2' S,9fi3 -051 -1,299 -0,6C3 -264 -2],318 -5,758 ~,330; -63,061
_ _ 2005 24fi -909 -2,6fifi 4,6E]
-66,044
~ -14,080 3,062 -0,20] -846 -1,586 0 ~ -91,290
Adjusted_total _ aooo 5,388,910 7.209,27Ci 5,0]8,]]0 5,9tt,110
6,3]3,504~i ],551,349 6,016,321 6_353,231 8,3]fi,501 6,1~5745 5,155,509 9,743,094i 90,]99_31] -2<8 0
_
- - _ ___._ _ 2001 , 6,316,9G0 S,fi40,826
8,1]ip29~ 5,60]_550 5.910p39 J.80a,454 5,698,995 6,119,069 ],312.362 6,521,14fi 5,G61_909 8,093,31]~ ]8,916,351
_J--- =2.58%
2002 I 5,468,DG2 5,035,219 6,521,259~ 5,]'/1,133 5,391,]52 7,912,846 5,384,96] 5,583,917 6,255,713 S,OB1,828 5,110,363 ],800,105, 71,32],182 -9 39Y
2003 A,]60,591 4,505,92I 6,023,O15j 5,0]4,4]9! 5,926,999 6)90,002 5,044,4]5 5,142,505 6259,023 S,OB1,802 5,584,959 ],336,298; 61,60],502 -5 21%
ftaleChg32fi%~3a1% 2004 ~ 5,583A06 5.161,128I fi,613.354~ 5,5]1,840j 5,409,121 6,389,i10 5.39],550 5.972,625 6,696,eG9 S,P1,329 5,502,301 8,062,Sfi91 ]1.431,386 101%
Rale34~% Y005 5,995,266 5,6]6,902I 6,4]0,431~ S.B20,852' 6,134,882 ],439,361 5,542,145 fi,032,94fi 6,926,603 5,5]5,388 6,026211 8,696,204~ ]6,345,251 6.88%
%GM1anga(mon~h) ~ )38% 999%i Q16%~ 061%~ 13A2% 1604Y 364% 3.61% 3.43% 5I]% 952% ]BfiY~~
%Change~YTD) ~ )3B% 8.63%I 452%j 454%~ fi2EY= 811% ].52% ]A2% I 656% 649% 6]5% 688YI
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
7YECElYIB'EIt X"Cl~ Actual. B~CEMSER X'I~Ix Aekual
2D04 20Q5 . °Fo Change Standard Industrial Code 21104 ' 2005 °fo Change
53,019 59,255 11J6% Food Stores 1Q095,842 9,987,469 -1.07%
207,000 130,192 -37.11% Eating Places 8,430,718 8,865,654 5.16%
7,979 ]25,900 1477.92% Apparel Stores 2,224,168 2,236,466 0.55%
5,970 66,812 ]019.20% Home Fumishings 2,699,872 2,711,720 0.44%
857,360 846,454 -1.27% General Retail 13,265,647 13,740,964 3.58%
291,477 228,322 -21.67% Transportation/Utilities 6,258,058 6,671,639 6.61%
2,165,191 2,079,213 -3.97% AutomotiveTrade 3,626,428 3,499,196 -3.5]%
16,102 23,422 45.46% BuildingMaterial-Retail 1,872,345 1,959,142 4.64%
3,043,229 4,492,268 47.62% Construction Use Tax 0 0 na
0 0 na Construction Sales Tax 283,196 276,057 -2.52%
44,791 38,461 -14.13% ConsumerElectronics 1,367,680 1,648,795 20.55%
3,222,589 3,968,470 23.15% Computer Related Business 1,500,760 1,564,140 4.22%
3,349,897 4,669,094 3938% AllOther 6,605,131 6,547,437 -0.87%
13,264,603 16,727,865 26.11% Total Sales and Use Tax 58,229,844 59,708,680 2.54%
USE TAX BY CATEGORY SALES TAX BY CATEGORY
' 7IECElNBER:YTD Actual D~~E14iBE12 YTD Actual
~p04 2Q05 olaClt&hgG GeographicCode 2004',.' ~Q~S. ~.Gh8~1$e.
74,796 86,051 15.05% NorthBroadway 915,ll5 924,674 1.04%
303,959 420,769 38.43% Downtown 4,532,704 4,947,383 9.15%
25,699 34,779 3533% DowntownExtension 401,354 450,160 ]216%
355,243 16,895 -95.24% LJHGID (the "hill") 947,770 98Q005 3.40%
99,912 132,912 33.03% East Downtown 721,314 690,430 -4.28%
113,274 15Q353 32.73% N. 28th St. Commercial 4,746,819 4,524,760 -4.68%
170,549 46,615 -72.67% N. Broadway Annex 175,601 248,423 41.47%
98,549 252,727 ] 56.45% Umversity of Colorado 763,564 765,578 030%
95,064 32,112 -6622% Basemar 1,208,145 1,206,330 -0.15%
403,288 987,838 144.95% BURA (inc xrds) 17,352,835 17,523,674 0.98%
18,829 29,583 SZ12% TableMesa 1,866,648 1,921,277 2.93%
25,527 46,891 83.69% The Meadows 1,106,966 1,024,219 -7.48%
1,972,796 2,300,209 16.60% AllOtherBoulder 2,109,340 2,258,360 7.06%
154,244 245,305 59.04% Boulder County 724,254 724,097 -0.02%
131,653 866,234 557.97% Metro Denver 2,565,096 2,662,181 3.78%
]0,720 55,839 420.90% Colorado AIl Othcr 103,845 114,706 10.46%
433,762 413,836 -4.59% Out of State 5,703,4ll 5,884,544 3.18%
1,766 8,720 393.75% Aiiport 8,435 7,639 -9.44%
3,496,545 3,576,932 230% Gunbarrellndustrial 572,165 554,567 -3.08%
3,705 12,035 224.85% Gunbarrel Commercial 913,836 932,015 1.99%
34,531 25,291 -26.76% Pcarl Strcct Mall 2,235,004 2,266,427 I.41%
2,789,926 3,532,415 26.61% Boulderlndustrial 4,009,293 4,139,492 3.25%
116,105 1,219,854 950.64% UnlicensedRece~p[s 205,822 209,465 1.77%
2,137,618 2,054,687 -3.88"/o CountyClerk 0 0 na
196,545 178,984 -8.93% PubLcUhlities 4,340,508 4,747,974 939%
13,264,603 16,727,865 26 I1% TotalSales and Usc Tax 58,229,544 59,708,680 2.54%
Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food
Stores Eating
Places Apparel
Stores Home
Furnish. Gen.
Merchandise
Transport.
PJIOthers 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 8,24'I 3,646 62,285 1,568 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 1,673 81,351
November 3,414 34,452 18,147 1,912 7,083 304 1,785 67,097
December 3,252 27,543 1'1,350 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 7'17 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 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 45,356 15,854 2,549 38,253 623 933 108,698
October 5,040 48,097 8,459 2,252 17,450 46 ~,219 82,562
November 4,265 40,629 5,427 2,100 70,786 983 64,189
December 3,270 30,170 8,937 2,232 23,885 465 3,716 72,674
2004 TOTAL 47,442 452,585 87.695 25,958 300,44'I 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 15,061 124 72,140
March 4.488 39,054 8,680 2,150 13,203 1,019 3,465 72.060
A ril 5,597 45,223 7,002 1,950 10,320 48 4,521 74,662
Ma 4,825 33,911 6,296 1,901 '13,696 503 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 1,0'11 65,768
Au ust 5220 50,377 8,408 2,917 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 14,55~ 2,928 19,608 607 93,865
November 4,817 41,473 6,222 2,864 10,067 471 65,915
December 3,314 30,641 8,697 3,194 15,717 797 62,361
2005 TOTAL 55,352 490,892 98,605 28,891 287,524 1,088 17,653 980,005
% Change from 2002•2003 3.26°/ 2.51°/a 5.12% 3.95% 3.12% -4.64°/ 90.92% 2.47%
% Change from 2003•2004 4.02% 4.76°/a -10.85% 30.00% -5.45% -21.38% -17.73°/a -2.50%
°/ Change from 20042005 16.67% 8.46% 12.44% 11.30% -4.30°/ -82.57% -35.58% 3.40%
°/ Change from previous year month 1.37% 1.56% -2.68% 43.11°/, -3420% -100.00% -78.55% -14.19°/a
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 Classification
Food
Stores Eating
Places Apparel
Stores Home
Fumish. Gen.
Merchantlise
Trans ort.
Construction
Ail Others GRAND
70TAL
2003
Janua
Febma 3,048
3,877 27,490
32,399 9,364
3,169 2,690
3,385 54,745
19,337 25
- 7.023
- 2,729
2,664 101,114
59,503
March 3,877 32,752 4,578 3,739 20,656 1,519 818 3,600 70,940
Apnl 3,600 36,388 4,283 2,896 11,651 57 415 3,194 62,484
Ma 3,180 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 70,236 - 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 10,072 3,600 35,827 - 6,749 2,457 112,099
October 4,024 43,413 7,328 3,745 17.323 3,~44 - 2,424 82,002
November 3,415 37,045 18.147 1,912 7.095 304 446 1.785 70,149
December
2003 TOTAL 3,260
43,618 27,573
417,782 11,350
94,036 2,180
35,450 25,117
304,099 298
7,594 385
11,338 5,478
28.033 75,641
941,951
2004
Janua 2,986 34,863 3,813 1,978 53,080 717 7,851 2,062 101,289
Fehrua 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
q ~~ 5,139 39,323 5,411 1,802 73,510 428 10,847 2,349 78,810
Ma 5,373 39,319 6,173 1,682 11,284 358 1.520 3,963 69,6~2
June 3,626 32,688 6,545 1,840 26,553 3,276 5,512 80,040
~~~ 3,689 30,109 5,741 2,595 10295 90 22,470 1,155 76,084
Au ust
Se tember 4,379
5,100 36,926
45,392 9,442
15,854 2,576
2,549 63,645
38,256 2,647
623 923
73,383 3,149
1,235 123,686
122,391
October 5,040 53,222 8,459 2.252 17,471 46 189 1,220 87,898
November 4,265 40,987 5,427 2,100 10,789 - - 1,007 64,575
December 3,270 37,875 8,937 2,232 23,987 465 1,227 4,125 76,718
2004 TOTAL 47,446 461,253 87,695 25,958 3~1,938 6,246 85,586 32,776 7,048,897
2005
Janua 3,864 35,076 4,753 2,297 51,848 21 1,023 1,024 99,905
Februa 4,414 40,520 10,362 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
AprJ 5.597 45,782 7,002 1,950 10,410 48 2,819 4,521 78,130
Ma 4,825 33,984 fi,296 1,901 73,697 - 165 503 61,370
June 7,206 40,261 6,319 2,111 14,475 - 157 2,566 73,095
Jul 4,476 34,832 3,953 1,875 19,715 - 8 1,071 65,871
Au ust 5,220 51,487 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 74,551 2,928 19,641 - 513 607 94.412
November 4,817 41,473 6,222 2,864 10,082 - - 471 65,930
Decemher
2005TOTAL 3,314
58,421 30,647
493,955 8,697
98,605 3,194
28,891 15,726
288,004 -
1,088 -
9,772 1,062
18,764 62,641
996,900
%Changefrom2002-2003
% Change from 2003-2004 319%
3.99 % 2.50%
5.55 % 512%
-10.85 % 3.95%
30.00 % -309%
-5.08 % 22.12%
-21.38 % 2.34%
621 66 % 1622%
11 77°/ 1.43%
6 46 %
% Change from 20042005 23 13 % 7.09% 12.44 % 11.30 % -4.61 % -82.57 % -89 28 % -4275 % -4 96 %
% Change from previous year month 1 37 % 3 85 % -2 68 % 43.11 % 34.44 % -100 00% -100.00 % -7424 % -17.71 %
NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the mcrease in the sales/use tax rate.
UHGID Yearly Summary
Sales and Use Tu Breakdown by Industry Cate9ory
Food Eatin9 ~+pparal Home General
Storas Placas Stores Furnishings Merch AllOth¢r Total
2005 $58,421 $A93,955 $98,605 $28,891 $288,004 $29,024 $996.900
6% 50% 10% 3% 29% 3% 100%
2004 $47,446 $6fi1,253 $81,fi95 $25,958 $301,938 $124,607 $1.048,897
SN 44% 8 0 2% 29% 12% t004
2003 $43,618 $417,782 $94.036 $35,450 $304,099 $46,965 $941,951
5% d6% 10% 4% 32% 5% 100%
2002 $42,268 $407,606 $89,454 $34.104 $313,795 $41,419 $928,646
5°/a 44% 10% 4% 3ab 4% 100%
200t $41,988 $396,142 $103,513 $35,111 $318,763 $26,961 $920,478
5% d3Yo 11% 4% 35% 3% 100%
2000 $34,841 $3~9,042 $99,206 $39,066 $366,fi69 $17,242 $935,066
a% 40% 11% 4% 39Yo 2% WO%
7999 $38,414 $345.800 $92.8]8 $46,325 $345,546 $5,309 $874,272
4% 40% 17% 5% 60% 1% 100h
1998 $33,781 $350,299 $12fi,670 $00,532 y30Qt91 $72,898 $870,371
4% 40% i5k 5% 35% ~% 100%
199] $31,53] $323,775 $126,465 $39,846 $3'16,999 59.035 $853,05~
4N< 38% 15% SYo 37% 1% '100%
7996 $33.]42 $342,802 $145.2]6 $74.088 $317,]43 $15.788 $929.437
4% 37% '16% 8% 34% 2% 100%
J05 SalesandUse7u
Food Eating Apparel Home Genaral
Stores Placas Slores Furnishings M¢reh AllOthar Tolal
$58.427 $493.955 $98,805 $28.897 $288.004 $29.024 $996.3
3005
UHGID Salea antl Use Tu Breaktlown by IntluzVy Cnegory
All ONer
3Ye ~ FaoaSbres
6%
General Me¢M1
29%
EaDig Places
Home Fumishugs 4~
3% AOCareISWres
10%
Saias and Use Tarz oa a Percent of ToWI City Wide Sales and Use Tax
Eating Apperel Home General
Food Stores Places Stores Fumishings Merch All Othsr Total
2005 $10,046,]23 $ 8,995,846 $ 2,362,366 $ 4,485,]88 $14,587,419 $35,882,350 $ 16,340,492
1% SNo 4% 1% 2% OYo 13%~..
2004 $10,148.861 $8.637.718 $2.232.14] $3.118.312 814.123.007 $32.171.342 $]0.431,38]
0% 5% 4°h 1% 2% 0% 1.5%
2003 $9,052.658 $7.847,285 $2,046,951 $3,922,549 $13,785p23 $31,552,637 $67,607,503
0% 5% 5% i% 2Mo 0% 14b
2002 $9,294.397 $8,133,237 $2,346,305 $4,164,992 $13,572,651 $33,815,600 $77.327,182
0% 5% 4% 1% 2% 0% 13%
2001 $9,312,67fi $8,384,190 $2,646,027 $4,537,112 $75,553,807 $38,2~9,526 $78,713,332
0% 5% 4Yo 1% 2% 0% 1 2Yo
2000 $9,080,910 $8.484,801 $3,159,262 $5,915,794 $17,887,21t $36,269,13- $80,797,515
0°h 4% 3% 1% 2°h 0% 12%
1999 $9.207.127 $7,790,648 $3,359,914 $5,553,219 $17,008,884 $33,893,]O6 $]6,814,092
OYo 4% 3q 1% 2Yo 0% 1.1%
1998 $8,932,097 $7,469,094 $3,252,129 $3,570,448 $15,736,140 $30,637.104 $69,597,fi12
0% 5% 4% 1% 2% 0% 1.3%
7997 $].139.779 $6.79],23] $2.]81.018 $3.129.089 $15.439.169 $28.494.047 $66.380.339
0% 5% 5% 1% 2% 0% 13%
1996 $7.671,055 $6,614.567 $2,782,149 $2,862,572 $15,711,950 $26,975,519 $61,951,86fi
0% 5% 5% 3% 2% 0% 15%
ZQ~S SalasTarzOnly
Eating Home Gan¢ral
Food Stores Plaees Apparel Slores Furnishings Mereh All Other Total
$55,352 $490.892 $98.605 $28.891 8287.524 $18,~41 $980.005
6% 50~ 10% 3% 29% 2% 700%
Zaos
UHGIO Salan Tan Breakdown by IntlusVy Cxagory
Footl Smres
NlOlher fi%
2%
GaneralMemM1
~~ Ea4ng Placaa
50%
Hama FurniaM1inga
3%
Appaml5bm6
10%
UHGID Retail Sales Tax Comparison by Standard Industrial Classification
UHGID
aaies
Year SalesTac
Rate Food
Stores Eating
Places Apparei
Stores Home
Fumish. Gen.
Merchandise
AllOthers GRAND
TOTAL frompAOr
ear
1995 2.86% $40.972 $348,027 $100.979 $122.507 $294.154 $15.424 $922,063
1996 3.11% $33,737 $341,096 $t45,399 $74,788 $3'17,fi97 $15,069 $927,787 -7.53%
1997 3.17% $37,557 $320,993 $t26,540 $39,846 $3'16,938 $6,167 $848,079 -8.53%
1998 326% $33,806 $348,974 $126,695 $40,557 $306,134 $6,258 $862,424 -2.99%
1999 326% $34,065 $344,848 $92,878 $46,325 $345,214 $1,31~ $864,642 026%
2000 326% $34,841 $376,947 $99,206 $39,066 $366,065 $4,559 $920,684 6.48%
2001 326% $41,985 $392,466 $103,513 $35,111 $318,518 $19,632 $911,225 -t03%
2002 326% $42,223 $402.894 $89,454 $34,104 $313.56fi $24,644 $906,885 -0.48%
2003 326% $43,601 $413A20 $94,036 $35,450 $303.775 $39,439 $929,322 2.47%
2004 3.41% $47,442 $452,585 $87,695 $25,958 $300,441 $33,650 $947,770 -2.50%
2005 3 41 % $55,352 $490,892 $98,605 $28,897 $287.524 $18,741 $980,005 3.40 %
2006
.;~
4 4
l~' (~Z ~ 9 \5C 9
a5 Q\9 m~y F~~ ra~
Fo° ~,ac°' PQQa~ ~oFe e~mF
G°~
_ , ~ ,_, --, '
4 {( i: >;if.W'':._.'.:~~. .
%` ' _
-~'".' _~' ~ ~
~
os
P~
^ 1995
^ 1996
^ 199]
^ 1999
^ 1999
^ 2000
82001
^ 2002
^ 2003
~ 2004
^saos