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HomeMy WebLinkAboutSales & Use Tax Revenue Report March, 2006City of Boulder Sales & Use Tax Revenue Report March, 2006 Issued May 10 2006 This report provides information and analysis related to sales and use tax collections for fiscal year 2006. Any questions should be directed to Laura Fisher, Revenue Manager at (303) 441-4017. The following tables compare total year 2006 collections to the comparable period in 2005. REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR Table 1 lists the categories of sales and use tax collected by the City of Boulder. It illustrates the percent change in the vazious areas for 2006 over the same time period in 2005. Retail Sales Tax - From an ongoing economic viewpoint, the row entitled Retail Sales Tax is the primary indicator of how the retail economy in the city is performing this year compared to last year. Year-to-date collections in this category are up 7.00%. A portion of the increase is from the new Home Depot which opened in January, 2006. Business/Consumer Use Tax - Business/Consumer Use Ta~c fluctuates significantly from month to month depending on the level of equipment purchases and leases in that month. It is up a healthy 16.63% year-to-date and the sub-category of the Computer Related Business Sector is up by 18.23% probably reflecting both business equipment replacement demand and investment in new technologies. Motor Vehicle Use Tax - This category is somewhat confusing because ta~c on the purchase of vehicles falls into the retail sales taac category if collected by the auto dealership and the motor vehicle use tax category if collected by the CounTy Clerk's office. While County Clerk collections are down by 18.35%, the more inclusive category of Automotive Trade (retail and use tax) is down by 9.89%. While purchases of vehicles are obviously down, some of the change may be reflective of an increase in leasing versus buying. Construction Use Tax - During 2005, because they upwardly skewed the collections from that which could be considered indicative of the underlying economy, we provided comparisons excluding Twenty Ninth Street and other very large 2005 construction projects. Alsq the 2005 high collection levels were excluded from the "base" when forecasting future revenue. Because comparing to the extraordinarily high 2005 collections would distort the view of construction activity in the city, for 2006, we will provide comparisons that also exclude the one-time extraordinary construction use tax collected m 2005. Table I lists actual collections but also provides information that eliminates the skew of one-time dollars received by the city for the redevelopment of the Twenty Ninth Strect area and major NOAA-NIST and CU construction projects. Without adjustment for one-time revenue, Construction Use Tax has decreased by 52.13%. After adjustments, Construction Use Tax is essentially flat, decreasing by 0.45%. Total Salcs and Use Tax - Withou[ adjusting for one-time revenue, the Actual Collected column in Table 1 shows the total increase in Sales and Use Tax at 0.75%. After adjusting for one-time revenuc, the total incrcasc in Salcs and Usc Tax is 6.81 %. C.\DOCUME-1\FishL]\LOCALS-1\Temp\2006-03 Revenue Report - Memo doc TABLE 1 Sales and Use Tax Revenue TAX CATEGORY Actual Collected Exclude 29 St from 2005 & 2006 Exclude 29` 8 Other Lar e 2005 Pro'ects % CHANGE % CHANGE % CHANGE Retail Sales Tax 7.00% 7.00% 7.00% Business Use Tax 16.63% 16.63% 16.63% Motor Vehicle Use Tax -1835 -18.35% -1835% Construction Use Tax -52.13% -45.77% -0.45% Refunds 1.69% 1.69% 1.69% Total YTD Sales/Use Tax 0.75% 2.44% 6.81% Significant increases / decreases by tax category are summarized in Table IV: TABLE 2 YTD RETAIL SALES TAX STRENGTHS: WEAKNESSES: Food Stores up by 836% • Apparel Stores down by 1.22% • Eating Places up 5.93% • Automotive Trade down by 5.17% General Retai] up by 3.81 % • Building Material - Retai] up by 44.9% Consumer Electronics up by 20.51% Computer Related Business up by 18.04% Downtown (former CAGID) up 11.43% • UHGID (the "hill") up by 12.50% • East Downtown up by 26.13% Pearl Street Mall up by 6.59% Pubhc Utilities up by. 12.70% (primarily due to taxes on sales of natural as and electrici b Xcel YTD USE TAX STRENGTHS: WEAKNESSES Computer Related Business Use Tax up 18.23% Cons[ruction Use Tax down by 52.13% (down by 45.77% excluding Twenty Ninth Sheet & down by only 0.45% factoring out TwenTy Ninth Street and large 2005 projects) Motor Vehicle Use Tax down by 18.35%(falls m Use Tax category because [he majority of this tax is collected by [he County Clerk's Office. Combined Retail and Use Tax in the Automotive Trade Cate o is down b 9.89%) OTHER TAXES • Accommodations Tax is up by 20.23%. • Adm~ssions Tax is down by 7.39%. • Trash Tax - the large increase in Trash Tax is due to returns in 2006 bemg recerved before the actual date due. C:\DOCUME-1 \Fish W\LOCALS-1 \Temp\2006-03 Revenue Report - Memo.doc PROJECTIONS FOR THE FUTURE Projections for the economy continue to be positive. Excerpts from the April, 2006 issue of Colorado Close-zrp published by the Colorado Office of State Planning and Budgeting follow: The National Economy • The Federal Reserve appears satisfied that recent interest rate hikes have had the desired effect of dampening inflationary pressures. • March year-to-date employment gained 211,OOOjobs, a 3.2% increase compared with 2005. • In April 2006, the Conference Board consumer confidence index reached a four-year high. The increase reflects consumer's upgraded assessment of the improving labor market, their assessment of their cunent situation, their expectations for the future, and their opinion of business conditions. Meanwhile rising energy prices, interest rates, and inflation concerns continue to dampen overall confidence. The Colorado Economy • Colorado's economy remains strong. The state is posting steady employment gains, personal income and consumer spending are increasing, and the tourism industry continues to expand. • Through Marcb 2006, Colorado employment rose 2.3% compared with 2.1% growth through March 2005. ...the March 2006 Colorado unemployment rate dropped to 4.3%, down 1.4% From the 5.7% rate posted in March 2005. • Through January 2QQ6, year-to-date passenger traffic at Denver International Airport was up 8.3% compared with the same period last year. • Risks to the forecast - The threat of global terrorism and geopolitical concerns continue to pose downside risks, negatively impacting consumer and business confidence. Additionally, increased political tension in oil-producing nations could restrict expected output, thereby disrupting the economic recovery. March 2006 forecasts from the Office of State Planning and Budgeting are listed in Table 3: TABLE 3 FORECAST 2004 Z005 2006 2007 2008 Denver-Boulder CPI-U actual/forecast 0.1 % 2.1% 2.4% 2.5% 2.5% Pro'ected Retail Sales Trade Growth 6.2% 4.9% 5.5% 5.8% 6.0% Personal Income Growth 5.8% 6.5% 6.4% 6J% 6.8% Changes m economic indicators at the state and county level do not necessarily translate into increased 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, sales tax leakage due to competition in surrounding areas, and housing starts. We are cautiously optimistic that current trends in the city will continue. Q\DOCUME-I~FishL]\LOCALS-I\Temp~2006-03 Revenue Report - Memo.doc Exceipts from the February 15, 2006 Colorado Econa~aic Chronicle, published by the Legislative Council of the Colorado General Assembly include similar positive projections. • Colorado's economy is healthy and expanding, despite high energy prices that have and will continue to squeeze consumers and businesses... • Personal income will increase 6.8% in 2006 and 6.6% in 2007. Gains in employment and wages and salaries aze expected to push personal income higher. Wages and salaries are expected to increase 6.8% in 2006 and 6.7% in 2007. • Consumer spending will increase 6.0% in 2006 and 6.4% in 2007. • In conclusio~, the state's economy has emerged from recession with a new face, having shifted jobs from the manufacturing, transportation, utilities, and information sectors to the sectors that are currently fueling national economic growth. The consumer and housing sectors, which buoyed the economy through the recession, will no longer bask in the spotlight; consumers will spend at moderate rates while the housing sector should experience a two-year correction. • We expect moderate economic growth over the next few years, fueled primarily by business investment and innovation and supported by a growing national economy. 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\2006-03 Revenue Report - Memo.doc Total Net SalesNse Tax Receipts by Taz SalesTax 13,940,800 14,916,938 7.00% 81.61% Busmess Use Tax 1,756,586 2,048,663 16.63 % I 121% Construct~on Use Tax 1,982,991 949,353 -52.13 % 5.19°/ Motorveh~cle 529,422 432,269 -18.35% 2.36% Refunds -67,200 -68,335 1.69% -037% Total Sales and Use Tax 18,142,599 18,278,889 OJS% 100.00% Total Net SalesNse Tax Receipts by Industry Type ~ ~'ZUQS , ~ 2006 ~ ,~ °/n CheA$e ~ % PrTotal ~ FoodStotes 2,354,629 2,58Q843 9.61% ]4.12% EatingPlaces 2,028,203 2,136,353 533% 11.69% Apparel Stores 472,375 460,101 -2.60% 2.52% HomeFumishings 592,469 602,533 1J0% 330% General Reta~l 3,327,132 3,398,261 2.14°/ 18.59% Transportation/Ut~lities 1,911,584 2,048,084 7.14% 1120°/a Automotive Trade 1,364,774 1,229,783 -9.89% 6.73% BuildingMaterial-Retad 367,152 540,451 47.20% 2.96% Construction Use Tax 1,330,371 963,237 -27.60% 517% Construction Sales Tax 78,820 61,210 -2234% 033°/ Consumer Electronics 409,685 518,246 26.50% 2.84% Computer Related Business Sector 1,028,942 1,215,875 18.17% 6.65% AllOther 2,943,662 2,592,247 -11.94% 14.18% Refunds -67,200 -68~335 1.69% -037% Total Sales and Use Tax 18,142,599 18,278,889 0.75% ] 00.00% iNAkCH YTI1:lctual Total Net Sales/Use Taz Receipts by Geographic Area '..2Qp5': '.~ 2006 . °!e ~h61ig¢ °!e u1'TOtA~ " NorthBroadway 246,895 242,671 -1.71% 133% Downtown 1,227,515 1,254,Oll 2.16% 6.86% Downtown Extension 128,881 113,718 -11.77°/ 0.62% UHGID Qhe "h~ll") 246,395 274,721 I 1.50% 1.50% EastDowntown 176,181 209,001 18.63% 1J4% N. 28th St. Commercial 1,041,525 1,203,529 I5.55% 6.58% N. Broadway Annex 46,923 58,594 24.87% 032% UniversiryofColorado 261,215 265,494 1.64% 14S% Basemar 301,899 295,422 -2.15% 1.62% BURA (inc xrds) 4,432,259 4,491,209 133% 24.57% TableMesa 449,366 452,133 0.62% 2.47°/ TheMeadows 248,769 246,009 -1.11% 135% AIIOtherBoulder 1,036,426 1,171,097 12.99% 6.41% BoulderCounty 226,396 193,164 -14.68% 1.06% Metro Denver 792,537 666,635 -15.89% 3 65 % Colorado All Other 43,375 19,882 -54.16°/ 0.11 % Out of S[ate 1,453,076 1,67Q642 14.97°/ 9.14% Ailport 1,542 1,384 -10.20% 0.01 % Gunbarrellndustrial 826,949 985,071 19.12% 539% Gunbarzel Commercial 21 ],338 210,173 -0.55°/ 1.15°/ Pead Street Mall 458,653 487,557 630% 2.6~"/0 Boulderlnduslnal 1,732,153 1,716,099 -0.93% 939% Unlicensed Receipts 716,032 132,399 -81.51% 0.72% County Clerk 529,422 432,269 -1835°/ 236% PublicUtilihes 1,374,075 1,554,340 13J2% 8.50% Refunds -67,200 -68,335 ).69% -0 37 % Tutal Sales and Use Tax 18,142,599 18,278,889 OJS% 100.00% Miscellaneous Tax Statistics ~ 2U05' ~~~ ~ 2006 ~~ %a~Qhange Total Food Servicc Tax 92,244 98,539 6.82% Accommodatmns Tax 444,717 534,703 2023°/ Adm~ssions Tax 95,795 88,718 -739% License Fees 7,800 7,100 -8.97% Trash Tax 36,068 398,162 1003.93% Tax by Mo & Category TOTALQTYSALESANOUSETA%COLLECTIONS j I I REVENUECATEGORY YEAR RETAILSAIESTA% ~ 1998 Ra1e326% _ _ ~1999 JAFI 4,115,142 4,3J2,150 FEB 4,1<2,135 4,]12,9fi5 MAR 5.055,342 SC93.583 APR C$8],89] 4,694,105 MqY 4,510,fiA 5235.]92 JUH 5.080,119 6.110,359 JtlL E,346.353 4,866.459 A~G 9Ep 4,9fi1,185 5,616.609 5,039,5C8 6,125,083 fY~7 NOV A,068,999~ d,826.B35 a,909,120i 5,164,464 ' oEC TOTAL 6j06,394' S1,899.464 1,]32,320 64,446,345 %9HG 2T3% N31b ' 2000 ~ 6,450,553 5.1t6.t35 6,066,890 <726,230 4,84I.958 fi,3]3,594 _ - 0.962,50fi _ _5.153,2021 6.B58.21] 5.225,099~ a,858,152 "__' 8,080,1]6; 66.696710 3A9% ___ - - ' 2001 _ 4,95).524 4p99,252 _"' _' 6?6],3]] - _ _" 4.635,634 4,820.201 6.190,000 4,463,685 4,940,590 5,899,513 ~ i,]92,0]6i 0,518,650 6,B22,3W~ 62,669,849 L04o 2002 6,538,906 3,903.956 6,959.202 6,506,590 4,6B2,3I0 S,fifi3p54 4,381.120 4,]25,305~ 5,5]0,049 4,168,9fi9~ A,315,5<2 6,212,BOB; 59,925.10] -]89% 2003 3.B]2.314 3,9]4,955 5055,136 4.093.068 4,260729 5,232.316 J,1fi],686 J,663,992j 5,1]1,981 l,288213~ d,246,924 5,944,1]5' 54,8]1C89 -09CY RateCM1g326h>341°/ ' 200C 4,390.136 6.1]0,461 5.32],051 6,339,594 4,461,055 5,340,555 4,333.128 4]49,658~ 5,5@,805 4,050,]31~ 0,518,629 6.602,036' S0,229,&16 105% Rate3Ai% 2005 0 001 255 ~ 3]0 4 453 5,232,399 4,353,026 4.5i6,8fiC 5$35,196 aA96.019 5,013,3]9~~, 5,550,916 J,541,]90j 4 ]69,900 6,932,929~ 59)08,680 256% _ _ _ _ _ -_ , 4006 . , -_ _-_ 4,]34,2C9 , , 6,665,636 5.53],253 __ - - __ _- - -{- I _ _'_ 1 ' 10,916,930 _ ___- 4502Ye CM1angefrompnoryear(MonIM1) '~ H26Y 931% 503Ye -10000Y 40000% -000.00% 40000e -100.OOY.I~ 4p000% 400.OOh~ -100.OOYe 400.00%I CM1angehompnoryear(YTD) I H26Y 1ltYe ]00% -0BafiYe 3J9B% -0149% -54.66% -60.66% -65.BB% -68.93%~ -01I4% -"l5.02%j _ __ _, _-__ _ . . ._ _ __ _"_I ""_ - ___ - _ " -',- , CONSUMEftUSETAX ' 1998 ]31,551 521.621 1,080.009 908,628 661,896 )81,151 69B,W0 ]61.5151 838,403~ 61fi,903~~ ]22q69 1.291,823! 9,632,221 935% Rate3.26% ' 1999 686,fi23 118.812 8)9,096 585,863 688,465 914,Ofi6 969,355 96],692 1,0%,901 6B6,512 5]2,380 1,4I6,445j 10,132,fi10 5.19% '~ 2000 699,1A2 ]64,501 9BB.565 809722 113,921 ip54,603 ]8].906 946,2]) 1,295,039 69"l,305~ 900,93] 1,420,215, 11.W8,12C 953% -""---""--------"--j - 2001 1,165,93] 899.129 1,]]1,996 908,629 889,191 1pP.619 1,011,691 W5,212 955.683 1,A15,169'~ )48)aB 1.090.556, 13.259.454 190]% 'I 2002 ]16,062 565_W6 1,293,900 ]83,956 4W,231 1,091.]]9 809,999 6)1,088 64Bp55 ]6].593j 628_926 1,153,296~, 9,62],51fi 4]39% 2003 ]98,15] 51].559 836.398 8)I,9fi2 186,286 962,]85 656p99 919,164 914,869 635p55~ 1.045,632 ip52,566i 9,9W,632 2.89% RateC~9326%>341% 2004 9B0,229 665,01B 899A53 ]42,fi92 924,614 866.W6 810,9]Y 922A01 941.990 ]28,834i ~~.9~1 1,181]96 10,215,625 -139% Rate3at% J 2005 B21.88~ 50],Wfi 951.085 1,016.814 1d03.592 1,001,04B 864)2~ 988,465 1.09C,030 ]58,931 968A6] 126B,300 11,130,i80 9.95Y. ___ ___ 2006 6B6,686 51].101 _ 12]'l,146 2.480,933 -T/]1% CM1angefmmpnoryear(MOnIM1) ~~ d10fi% 19BYe 3C29Y. 400.00% 400.OOY -t0000% -100.00% 400.00% -10000% -100.00% -10000% -10000%~ Changefmmpnoryear(VTD) ~' -i].06% -992% B53% -24.88% 3369% -%.12% ~60AA% bC.B6Y.~ E9.59% -]2.1]% -06.89% -1]]t%~' - CONSTRUCTION USE TAX '~ 1998 120,110 206,650 230.12fi 26],9]5 P9JB0 213,181 190,510 262,]48 198,061 2B0,Y31I 192,695 242,169 2,5)3,501 1656% Raie326% 1999 154,009 1]1,]06 223,931 213,553 240,9B0 315,8% 1]0,109 216,111 419.966 136,120 158,510 146,611i 2.S65,A10 -0.31% 4000 239,212 4]6,529 169.469 364,250 355225 160,920 388,110 29,944 229,090 259.312~ 1"l3.901 249,]44i 3,298,fie2 2B.SBY ~ 2001 191,496 331,396 1]2,fi91 1]1,14] 198,124 189243 29.009 311,Y33 611,44fi 319,093 190,510 166,293i 2,941,g50 4082% 2002 214,010 565,5t9 392 YB2 LA2,58] 215,364 1,161.606 195,394 19],]45 158,A13 16],213 16],a6~ 3Ba,065 a,111,~lI3 61 B1% ~~ 4003 10<4J9 121,585 _ _ 138.559 _ 238,2a6 415.~56 695,308 220,413 259,946 239.33] 161. J 292,983 388,15]~ 3,256,fi53 -2194% RaleC~g326%~341% 2006 210,383 336,108 39"1,09) 490,426 229,416 181732 204.B51 155A09 212,299 119,283~ 238,059 283.08]~i 3.068.9]B 4050Y, Rale34t% ___i 2005 912,585 1B2,5J0 2B]_665 661_8]9 056,0]3 913,199 186,408 235,308 282,503 2]6,24]4_ 288.104 514,9]5; 5,591,684 93.59% 200fi 19~,263 331341 420.]<9 ' 969,353 -83.04Y C~an elrompnoryear MonIM1 183B% ~ 9 ) -5].66% a616% -t00.00% --" 40000% -_ -10000Y -100 W% - -W0.00% 10000. - q00.00%I~ 40000% _ 400J0%~~ ...__-_ _ - yearMD) Cbangefrompnw -~6.]9% I __.._"~ -68B2% 52.13% -6119Y 6]2]% ]S.itY. 162]% "59% 48.99% -8020%I -81.32% , ~8300%~ _ - _'" _ I TOTAL FOR MONTH 8 LHANGE FftOM PREVIOUS YEAR ( MONTH 8 YTO) ~I Rate311%>326Y. ~ 1990 4 981 403 4 8]OA05 6 365.41] 5.464 499 5 362,333 6.415,fi55 SR34,990 5,985,CA8 6,633,014 4,9a5,]33~ 5,941,W9 9,20A,18fij ]0,105.186 38fiY __--__ __ __-____ __ _"_.__.- @Ra~eJ26°6 1999 , , -_- _ 5,182,]82 , ____. 5.603.<Bt , _--_ fi,59fi,915 , __- 5,493,521 , _ 6,165,236 _"_-__ ],340.319 - 6.025.922 6,123,351 9.632,350 5,]31,]5] 5,895,35a - _--_ 9.353,3~6~ 9].144,%5 10.OC% 2000 5.388.90] fi,3]1,1I0 ].223.905 5,900,202 5,91],110 1,569,116 6,118,521 6,353,423 0.380,325 6,181715 5,932.990 9,]5a,132 81,093,515 5 12% 2~01 6,31Q95] 5.)197% 8,191,903 5,]15_410 5.9H,516 ].900,901 5702.301 6,12],295I 'l,315,641 6,526,328I 5,4fi1,909 9,0]9,156' ]8,9]t_153 dl4% 20a2 S,a69,216 5,035,449 6,534,39a 5,]]1,133 5,394.991 'l.936,839 5,385,493 5,5~ 6,3~6.91] 5,103,]25r S,N1.931 7.810,169' 71,524,39fi -931Y, ' 2003 RateCM1g326%>3a1°/. 200A <,T10,920 S,SBJ]48 4,514,099 5.1]1.633 6.030.093 6,613,991 5.209,21] 5,92,9II Sp66.]]t Sp15,095 fi,9]Op10 6,389,261 5,044,B9) 5,34B,B53 5,1C3,101 6,326,188 S,B2],468I 6.69],W3 S,OBS,SBti S,SB5,538 5.298,64] S.SOB,059 "l,380,991i 69,0317~4 B,Ofi6.899~~, 11.499.448 _ -0B8% O6]% - -- __ Rate341°u ~, 2005 3006 _ _ _ Less Refunds 2003 5,995,513 ---_ 5618,198 _. ._" 3a.330 5,-42,946 _ 5.493.B]8 _"__ ---8.82] 6,O11.3a0 ],235.1A8 _ _ ].0]9 5.831.518 ____ 0 ____ -130.]99 6,136,529 -_-_ _ 0 - ~1.192 ],669pY1 _ - 0 _- "_ _- i6.320 5,545,201 - -."_ 0 '____ <22 6,03],152 6,921,649 .__-___..__ .'___ OI 0 _-'_' -69,1fi6 596~ ~~~-~~ 5,598,914'i 6,026,211 _"" ~_ _ 0~ 0 ___ - _ _ __ __ 37]9i 5]8 ~ 6,696,20<'~, ]6A36,505 ___" _' __ 0 iB34),22A "'"' ~A6.599~~, -424,212 ~ - --- 6.91% -633625Y ----- -- 200A - _' _ _ _ ___ _'__-- ' 2005 J -1 3J3 --_- -2a6 40,505 -"" ' -66.OC4 -636 _ __ _ _" -909 b12 _"____ -2,666 -5.963 4,641 -151 _'--_ 40,OB0 4,299 -__ -3,~62 -4,20''~ -244 _ - y-""___" 846 2~,31Bi -5,~58 ._.~_ ___'- 1.596' 0 -4,330I -63,061 _____~-'_ 4)9I -96,051 _-_'__" 3006 -C0,302 -5,2I2 d2pfi1 ~ __ ~', ~ -60,335 ` ~ Adjustedtotdl 2001 fi,314,956 5,640,82fi 8.111.429 5,68'/,550 5.910439 9.600,050 5,698.895 ],312,362 6,119,069~~ 6,52i,146'i 5,461,909 9,W3,311~ ]8716,353 -258% ? 2002 I 11.08],413 10,529,32] 6,521,25BI 5,]]1,133 5.391,]52 1,922,846 5,384,969 5,583,911~, 6,255.]13 5,081,828'i 5,110.383 ].BOO,t05~ 82,440,641 413Y ___ ____ ~ RaleCng326%>301 Y ~ ]006 ~ 5,583406 _ 5.161.?2B ~ fi,6?3.350, 5,5]~1860 5,609,929 6,389,1~1~0 5,341,554 5,822,82i 6,696849 5211,329~I 5,502,309 --_'_-__ 8062,5fi9~ 61,60),502 ]1,431,386 4]99Y __"-_ 1 Oi% - "'--- Ra1e361% ~ 2005 5.995.26fi 200fi 5,51].896 S,fi16:902 SABB,606 fi610.43 j1 ],212.088 .. _.. S,B2B,852 ~ 0 __"_""_ fi,134.882 0 __ _ __ ],039,361 0 __ _' 5,5<2,105 0 _ __....._ _ 6,032,966' 6,926.603 0 0 " __ _ 6.026.2]1 5,5]5,398~, 0~~ 0 8.691.646' ]6.3a0.493 0~ 18.218.669 fi 9]% Afi06o %CM1ange(monlM1) -696Y. -332Ye iia~w, -ioooo~ -ioooov -ioaoo% -moaoi -iooooi -mooox -ioooov' -ioooov, -ioooo~' %Chanqe(VTD) b96e -519% 0-5% j -23]5% -3929% -51.32% -5)SBh i -62I9%~ -6]39°0 -1034%~ -]298% -0606Y USE >< SALES COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR THE YEAR 2006 TO COMPARA6LE PERIOD IN 2005 USE TAX BY CATEGORY SALES TAX BY CATEGORY t~Pilt~E[ 11CD AcWRI . MARCIH VTI7! Actual 2045 . : '2006. . ' °y'Changa Standard Industrial Code 20(35 . . 20(}6 ' ! Ch~nge 11,136 41,545 273.08% Food Stores 2,343,494 2,539,298 836% 32,695 22,502 -31.18% Eating Places 1,995,508 2,113,851 5.93% 11,235 4,569 -5933% Appazel Stores 461,140 455,532 -1.22% 1,913 3,391 77.27% Home Furnishings 590,556 599,143 1.45% 212,372 164,881 -2236% GeneralRetai] 3,114,760 3,233,380 3.81% 53,084 47,608 -1032% Transportation/Otilities 1,858,500 2,OOQ476 7.64% 534,289 442,250 -17.23% Automotive Trade 830,485 787,533 -5.17% 2,609 12,237 369.04% Building Material-Retail 364,543 528,214 44.90% 1,330,371 963,237 -27.60% Constmction Use Tax 0 0 na 0 0 na Construction Sales Tax 75,820 61,210 -2234% 11,385 38,262 236.09% ConsumerElectronics 398,301 479,984 20.51% 703,524 831,765 18.23% Computer Related Business 325,419 384,109 18.04% 1,364,389 858,039 -37.11°/a AllOther 1,579,273 1,734,209 9.81% 4,268,999 3,430,286 -19.65% Total Sales and Use Tax 13,940,800 14,916,938 7.00% USE TAX BY CATEGORY SALES TAX BY CATEGORY 7tifA~2CH.Y.'Iil~;ileEu~1;':' " :.. . :: ' ;. l4TARCH YTD Aetuai . 20Yi5 ' ' . 2006. ' ; ' ~'ChBrigE.'. Geographic Code 2R(i3 2QUG ': ' .°1e ~hange 33,020 16,032 -51.45% North Broadway 213,8~4 226,639 5.97% 184,417 91,648 -5030% Downtown 1,043,097 1,162,363 11.43% 25,575 1,025 -95.99% Downtown Extension 103,306 112,692 9.09% 3,342 1,282 -61.64% UHGID (the "hill") 243,052 273,439 12.50% 15,024 5,735 -61.83% EastDowntown 161,157 203,266 26.13% 17,508 85,246 386.89% N. 28th St. Commercial 1,024,017 1,ll8,283 9.21% 1,871 1,841 -1.64% N. Broadway Annex 45,051 56,753 25.97% 20,240 22,801 12.65% University of Colorado 240,975 242,693 0.71% 15,607 2,972 -80.95% Basemar 286,292 292,450 2.15% 433,092 248,441 -42.64% BURA (inc xrds) 3,999,167 4,242,768 6.09°/a 8,125 5,807 -28.54% TableMesa 441,240 446,326 I.IS% 5,393 4,105 -23.89% The Meadows 243,375 241,904 -0.60% 519,993 663,885 27.67% AI1 Other Boulder 516,433 507,212 -1 79% 87,275 41,908 -51.98% Boulder County 139,122 151,255 8.72% 85,572 3Q883 -63.91% Metro Denver 706,964 635,752 -]0.07% 24,383 141 -99.42% Colorado AII Other 18,992 19,741 3.94% 111,943 69,920 -37.54% OutofState 1,341,133 1,600,721 1936% 9 52 513.60% Airport 1,533 1,332 na 666,070 870,539 30.70°/a Gunban~e] Industrial 16Q879 114,532 -28.81% 153 I,011 560.15% Gunbarrel Commercial 211,185 209,162 -0.96% 4,680 3,679 -21.40% Pearl Street Mall 453,973 483,879 6.59"/0 773,290 769,169 -0.53% Boulderlndustrial 958,863 946,930 -1.24% 669,927 16,925 -97.47% Unlicensed Receipts 46,105 115,474 150 46% 529,422 432,269 -1835% County Clerk 0 0 na 33,065 42,969 29.95°/a PublicUtilitics 1,341,013 1,511,370 12.70% 4,268,999 3,430,286 -19.65% TotalSales and Use Tax 13,940,800 14,916,938 7.00% Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparel Stores Home Furnish. Gen. Merchandise Trensport. AllOthers GRAND TOTAL 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 rtl 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 45,386 15,854 2,549 38,253 623 933 108,698 October 5,040 48,097 8,459 2,252 17,450 46 1,219 82,562 November 4,265 40,629 5,427 2,100 10,786 983 64,189 December 3,270 30,170 8,937 2,232 23,885 465 3,716 72,674 2004TOTAL 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 5'1,848 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 61,731 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 1,011 65.768 Au ust 5,220 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 ~4,551 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 2005TOTAL 55,352 490.892 98,605 28,891 287,524 1,088 17,653 980,005 2006 Janua 4,180 41,171 7,910 2,689 61,591 517 118,058 Februa 4,523 44,052 4,366 4,219 19,901 2,376 79,436 March 4,839 40,390 8,703 2,527 '18,647 637 75,944 A ril - - Ma - - - - - June - Jul - - Au ust Se tember October - - November December - 2006 TOTAL 13.543 125,614 20,979 9,435 '100.338 - 3,530 273,439 % Change from 2003-2004 4.02% 4.76% -10.85% -30.00% -5.45% -21.38% -17.73% -2.50 % % Change from 2004•2005 16.67% 8.46% 12.44% 11.30% -4.30% -S2 57%u 35.58% 3.40% % Change from 2005•2006 6.08% 9.69°/ -11.83% 51.91% 2525% -100.00% -23.49% 12.50% °/ Change from previous year month 7.83% 3.42% 0.27% 17.52% 42.75% -100.00°/ -81.61% 5.39% S.\CMO\DUHMDPS\dmc\BUDGETdj\UHGID dj\UHGIDSIC 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 Eatlng Places Apparel Stores Home Fumish. Gen. Merchandise Trans ort. Construction All Others GRAND TOTAL 2004 Janua 2,986 34,863 3,813 1,918 53,080 717 7,851 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 nl 5,739 39,323 5,417 1.802 13,510 428 10,847 2,349 78,810 Ma 5,373 39,379 6,773 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 Jui 3,689 30,109 5,741 2,595 10295 90 22,410 1,755 76,084 Au ust 4,379 36,926 9,442 2,576 63,645 2,647 923 3,149 123,686 Se tember 5,700 45,392 15,854 2,549 38,256 623 13,383 1,235 122,391 October 5,040 53,222 8,459 2,252 17,471 46 789 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 76,118 2004TOTAL 47,446 461,253 87,695 25,958 307,938 6,246 85,586 32,776 1,048,897 2005 Janua 3,864 35,076 4,753 2,297 ~ 51,848 27 1,023 1,024 99,905 Februa 4,414 40,520 10,362 7,764 15,254 1,321 724 73,760 March 4,488 39,363 8,680 2,150 13,217 1,019 61 3,752 72,730 A nl 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 2,111 14,475 157 2,566 73,095 Jul 4,476 34,832 3,953 1,875 19,715 8 1,017 65,811 Au ust 5,220 51,481 6,408 2,917 76,066 2,147 1,543 147,782 Se tember 5,120 49,442 73,361 3,000 27,874 958 1,587 101,336 October 5,078 51,094 14,551 2,928 19,641 513 607 94,412 November 4,817 41,473 6,222 2,864 10,082 471 65,930 December 3,314 30,647 8,697 3,194 15,726 1,062 62,641 2005 TOTAL 58,421 493,955 98,605 28,891 288,004 1,088 9,172 18,764 996,900 2006 ~anua 4,iSO 41,175 7,910 2,689 61,593 140 517 118,204 Februa 4,523 44,058 4,366 4,219 79,937 560 2,376 80,038 March 4,839 40,391 8,703 2,527 78,893 196 931 76,480 A ril Ma - ' " ' - - " - June - ' " ' - - ' - Jul Au ust Se tember October November December 2006 TOTAL 13,543 125,624 20,979 9,435 100,422 896 3,823 274,721 % Changefrom2003-2004 399% 5.55% -10.85% 30.00% -5.08% -21.38% 627.66% 11.77% 646% % Change from 20042005 23.13 % 7.09 % 12 Ml% 71.30 % -4 61 % -82 57% -8928% -42.75 % -4 96°/ % Change from 2005-2006 6.08 % 9.28 % -11.83 % 51.97% 25 03 % -100.00 % -62.76 % -27.97 % 11 50 % % Change from previous year month 7.83 % 2.61°/ 027 % 17.52 % 42.94 % -100.00 % 220A5 % -75.19 % 5.76 % NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate. S'\CMO\OUHMDPS\dmc\BUDGETdJ\UHGID dJ1UHGIDSIC UHGID Yearly Summary Sales and Use Tax BreakEOwn 6y industry Category Food Eating Appar¢I Home General Stores Places Slores Furnishings Merch AIl Oth¢r Total Mar2006 $13,543 $125.624 $20,979 $9 435 $100,422 $4,719 $274.721 S% 46% . 8% 3% 37% 2% 100% 2005 $58 421 $493,955 $98,605 528,891 $288,004 $29,024 $996,900 6% 5~% 10% 3% 29% 3% 100% 2004 $47,446 $461,253 $87,695 $25,958 $301,938 $'124,607 $1.048,897 5% 44% 8% 2% 29% 12% 100% 2003 $43,618 $417,782 $94,036 $35,450 $304,099 $46,965 $94t,951 5% 44% 10% 4% 32% 5% 700% 2002 $42,268 $407,606 $99,454 $34,104 $313,795 $41,419 $928,646 5% 44% 10% 4% 34% 4% 100% 2001 $41,988 $394,142 $t03,5t3 $35,t11 $318,763 $26,961 $920,478 5% 43% 11% 4% 35% 3% 700% 2000 $34,841 $378,042 $99,206 $39,~66 $366,669 $17,242 $935,066 4% 40% 11% 4% 39% 2% 100% 1999 $38,414 $345,800 $92.878 $46,325 $345,546 $5,309 $874,272 4% 40 % 11 0 5% 40 o i% 100% 1998 $33,781 $350,299 $126,670 $40,532 $306,'191 $'12.898 $870,3~1 4% 40% 15% 5% 35% 1% 700% 199~ $37,537 $323,175 $126,465 $39,846 $3~6,999 $9,035 $853,057 4% 38% t5% 5% 37% 7% 100% 1996 $33,742 $3a2.802 $145,274 $74,088 $3'17.743 $15.788 $929,437 4% 37% t6% 8% 34% 2% 100% 2~~6 Sales and Use Tarz FooA Ealing Apparel Home General Stores Places Stores Fumishings Merch AIl Olher Total $13.543 $125,624 $20.979 $9.435 $700.422 $4,719 $274.727 5% 46% 8% 3% 37% 2% 100% 2006 UHGID Salee antl Use Tan Breaktlavn by IntlusUy Category Home Fumishings All Other 3Y. FooE Stores ~~ 5°h General Merch WYe EaO~g Places a5°e AOPareI Stores ex City Wide Vearly Summary UHGID Sales and Use Tax as a Peroent of Total City ~de Sales antl Use Tax EaHng Apparel Home General Footl Stores Plaees Stores Fumishings Merch All Other Total Mar2006 $ 2,580,843 $2,136,353 $ 460,701 $ '1,120,779 $ 3,398,261 $ 8,582,552 $ 18,278,889 1% 6% 5% 7% 3% 0% 15% 2005 $70,046,723 $8,995,84fi $ 2,362,366 $ 4,465,788 $'14,587,419 $35,882,350 $ 76,340,992 1% 5% 4% 1% 2% 0% t.3% 2~04 $10.748,867 $8.637.718 $2.232.147 $3,118.312 $14,123,007 $32.t7t.342 $70.43t.387 0% 5% 4% 1% 2% 0% 1.5% 2003 $9.052,658 $7,847,285 $2,046,951 $3,922,549 $13,185,423 $3t,552,637 $67,607,503 0% 5% 5% 1% 2°/> 0% t4% 2002 $9.294.397 $B,t33,237 $2,346,305 $4,164,992 $13,572,651 $33.815,600 $71,327,182 0% 5% 4% 1% 2/ 0% 13% 2001 $9,312,676 $8,384,190 $2,646,021 $4,537,112 $15.553.807 $38,279,526 $78,713,332 D% 5% 4% 1% 2% 0% 12% 2000 $9,080,910 $8,484,601 $3,159,262 $5,915,794 $17,887,217 $36,269,737 $80,797,515 0% 4% 3% 1% 2% 0% L2% 1999 $9,207,721 $7,790,648 $3,359,914 $5,553,219 $17,008,884 $33,893,706 $76,814,092 0% 4% 3% 1% 2% 0% i.t% 1998 $8,932,097 $7,469,094 $3,252,729 $3,570,448 $15,736,140 $30,637,104 $69,597,612 0% 5% 4% 1% 2% 0% 13% 1997 $7,739.779 $6,797,237 $2.787.018 $3.129.089 $15.439.169 $28.494,047 $64.380.339 0% 5% 5% 7% 2% 0% 13% 1996 $7,611,055 $6,614,561 $2,782,749 $2,862,572 $15,111,950 $26,975,579 $61,957,866 0% 5% 5% 3% 2% 0% 15% ZOO6 Sales Taz Only Eating Apparel Home General Food Stores Places Stores Fumishings Merch AllOther Total $13,543 $125,614 $20,979 $9,435 $100,262 $3,530 $273,363 5% 46% 8% 3% 37°/a 1% 100% ]008 UHGID Sales T+i BrmkEOV.n Ey Intluslry Cahgory Hwne Fumishings 3%. Footl Stores NIONer 5Y. i% General MertM1 3~y ~ Ea~ng Places E6M Avoa~~i s~ae: Bh S \CMO\DUHMDPS\dmc\BUD6ETd~\UHGID dJ\UHGIDSIC UHGID Sales Tax Revenues (NO use tax) 2000 2001 2002 2003 2004 2005 2006 January 83,022 96,846 100,032 99.422 98,853 118,058 February 65,046 56,994 63,769 64,521 72,140 79,436 March 64,537 68,740 69,760 72,985 72,060 75,944 April 6~,826 68,547 62,055 66,129 74,662 May 61,329 56,306 62,078 65,583 61,131 June 92,~13 76,086 69,726 73,693 69,~85 July 59,675 63,D58 48,079 53,263 65,768 August 88,127 87,167 125,801 124,050 144,466 September 123,121 129,966 104,739 1Q8,698 99,702 October 66,451 73,867 81,351 82,562 93,865 November 60,396 58,271 67,097 64,189 65,915 December 86,683 71,034 74,835 72,674 62359 Totals 920,684 911,224 906,884 929,322 947,770 980,005 273,439 UHGID Sales Tax Revenues 160,000 140,000 120,000 100,000 80,D00 so,ooo 40,000 20.000 0 T-~ ~ - acJa~ ~`J~~1 ) ~e ~~`Gr PQ~~ ~a~ ,J~e ,J~~PJ~JS~`e~~eOG~o~e~ Je~q~~Ge~~et ~eQ ~o Qe -~- 2001 -m- 2002 2003 -~- 2004 --x- 2005 -~ 2oos 2D00 2001 2002 2003 2004 2D05 2006 Totals 920,684 911,224 906,884 929,322 947,770 980,005 273,439 Totals 1,000,000 900,~00 800,000 700,000 600,000 500,000 400,000 300,000 200,000 ioo,ooo S:1CM0\DUHMDPS\dmc18UDGETdj1UHGID dj1UHGIDSIC 200D 20D1 2002 2003 2004 2005 2006