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Home My WebLink AboutSales & Use Tax Revenue Report June, 2006City of Boulder Sales & Use Tax Revenue Report June, 2006 Issued August 11 2006 This repor[ provides information and analysis related to sales and use tax collections for fiscal year 2006. Results are for actual sales activity during the month of June, the tax on which is received by the city in the subsequent month. Any questions should be directed to Laura Fisher, Revenue Officer 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 various 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 prima~y indicator of how the retail economy in the city is peiforming this year compared to last year. Retail Sales Tax comprises the vast majoriry (over 80%) of the city's sales and use tax revenue. Year-to-date collections in this category are up 7.68%. 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 and on revenue collected from audits of businesses. It is down 11.50°/a year-to-date. This negative performance is to some extent the result of large audit revenue collected in 2005 and not duplicated in the cusent year and partially offset by an increase in "computer related business" retail sales tax which is up by 2631 %. Motor Vehicle Use Tax - This category is somewhat confusing because tax on the purchase of vehicles falls into the retail sales tax 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 9.69%, the more inclusive category of Automotive Trade (retail and use tax) is down by 4.24%. 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. Also, the 2005 extraordinary collections were excluded from the "base" when forecasting future revenue. Because comparing to the extraordinarily high 2005 collcctions 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 in both 2005 and 2006. Table 1 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 Street area and major NOAA-NIST and CU construction projects. Without adjustment for one-time revenue, Construction Use Tax has decreased by 38.25%. After adjustments, Construction Use Tax has decreased by a much more modest 1.49°/o. C:\DOCUME-1\FishL]\LOCALS-1\Temp\2006-06 Revenue Report - Memo.doc Total Sales and Use Tax - Without adjusting for one-time revenue, the Actual Collected column in Table 1 shows a total increase in Sales and Use Tax revenue of 034%. After adjusting for 2005 and 2006 one-time revenue, the tata12006 year-to-da[e increase in Sa-es and Use Tax revenue is 4.36%. TABLE 1 Sales and Use Tax Revenue TAX CATEGORY Actual Collected Exclude 29~ St from 2005 & 2006 Exclude 29~ & Other Lar e 2005 Pro'ects % CHANGE % CHANGE % CHANGE Retail Sales Tax 7.68% 7.68% 7.68% Busmess Use Tax -11.50% -26.84% -1.49% Motor Vehicle Use Tax -9.69% -9.69% -9.69% Construction Use Tax -38.25% -26.84% -1.49% Refunds -9.56% -9.56% -9.56% Total YTD Sales/Use Tax 0.34% 2.04% 4.36% Significant increases / decreases by tax category are summarized in Table N: TABLE 2 YTD RETAIL SALES TAX STRENGTHS: WEAKNESSES: Eating Places up 5.64% • Food Stores down by 0.11% General Retail up by 535% • Apparel Stores down by I.50% Building Material - Retail up by 55.53% (partially • Automotive Trade down by 1.64% due to the opening of the new Home Depot) Consumer Electronics up by 11.93°/a Computer Related Busmess up by 2631 %(offset by a 23.59% dedine in use tax in this category) • Downtown (former CAGID) up 10.81 % UHGID (the "h~ll") up by ]0.94% • East Downtown up by 26.25% Pearl Street Mall up by 9.46% North 28'h St Commem~al up by 10.58°/o Public Utihties up by 6.40% (pnmarily due to taxes on sales of natural as and electrici b Xcel YTD USE TAX STRENGTHS: WEAKNESSES Computer Related Business Use Tax is down by 23.59% (partially offset by the Retail Sales Tax collections in this area which are up by 2631 %) Construchon Use Tax down by 3825% (down by 26 84% excluding Twenty Nmth Street & down by 1.49% factonng out Twenty Ninth SVee[ and other large 2005 projects) Motor Vehicle Use Tax down by 9.69°/u (falls m Use Tax category because Ihe majority of this tax u collected by the County Clerk's Office. Combined Retail and Use Tax in the Automotive Trade Cate o is down 6 4.24% '~ C:\DOCUME-1 \FishL 1\LOCALS-1 \Temp\2006-06 Revenue Report - Memo.doc OTHER TAXES • Accommodat~ons Tax is up by 15.21 %. • Admissions Tax is down by 8.47%. PROJECTIONS FOR THE FUTURE' Although projections for the economy continue to be positive, indications are that the Boulder Valley economy may grow at a slower pace in the upcoming quarter. Excerpts from the July 7- 20 issue of the Boulder County Business Report follow: • The Boulder County Leading Economic Indicators continue to grow, albeit at a sluggish pace. The index for the third quaz~ter rose from ] 093 to ] 09.9, indicating that the local economy will continue on a positive path during the upcoming quarter. ~ Nationally, employment is anticipated to increase by 1.7% in 2006, while Colorado is expected to grow at a more robust rate of 23%. Year over year employment has risen by 1.9% in the Boulder Valley. • This yeaz, the US unemployment rate will average 5%, compared to 4.9% for Colorado. The Boulder rate will be 0.5% to 1% below the State average, in the range of 3.9% to 4.4%. The first quarter average was a little more than 4.1%. • Retail sales play an important role in the fiscal stability of the Boulder Valley. The year over year growth rate of 5.6% is positive and should improve in the latter paR of the year as significant portions of Twenty Ninth Street are opened, creating a stronger retail base in the City of Boulder. • The Boulder County LEI indicates continued but limited expansion of the azea economy. This expansion will be led by better employment growth and lower unemployment rates than the nation. His expansion at both the state and local levels will be held in check by higher interest rates and energy costs. Excerpts from the most recent (June 20, 2006) issue of Colorado Economic Perspective published by the Colorado Office of State Planning and Budgeting follow: The National Economy • The national economy continues to strengthen. Inflations adjusted gross domestic product is growing at a healthy pace, initial jobless claims are continuing their downward trend, demand and production growth are strong, and payrolls are increasing. ~ Consumer spending, which rcpresents almost 70% of GDP, was supported over the past year by tax cuts and bon~owing from home equity. Now, the pace of retail sales growth will slow despite the su~engthening economy because these other sources of cash are dissipating. Furtheimore, rising interest rates will dampen demand, particularly for automobiles, homes, and home-related goods. Consumer spending climbed 3.5% in 2005 and is cxpected to grow 3.4% in 2006. In 2005, consumer spending on durable and nondurable goods increased at a fastcr pace than spending on services. In 2006 and through the remainder of the forecast, spending on nondurable goods and seivices will support growth. • Business investment grew 8.1% in 2005 and is expected to grow 6.9% in 2006. Investment growth will remain positive in 2006 with equipment and software supporting growth. Busmess investment is currently supported by replacement demand, as well as investment in new technologies. Future investment growth will be supported by healthy cash flow, strong demand, and low capital costs. Investment in information technology equipment and software incrcased 10.9°/o in 2005 and is expected to increase ] 0.0% in 2006 before moderating to a 6.0% pace in 2007 C:\DOCUME-1\FishL]\LOCALS-]\Temp\2006-06 Revenue Report - Memo.doc The Colorado Economy ~ The Colorado economy continues to strengthen. • 2006 employment growth will remain at 2.1 % and we forecast that employment growth will average 2.6% through the forecast horizon. • ..since February 2006, the unemployment rate has remained at 4.3%, the lowest rate since September 2001. • In 2005, retail trade sales in Colorado rose 4.9%. We forecast retail sales will grow 5.5% in 2006 and 5.9% in 2007. ~ Risks to the forecast - The main risk to our Colorado economic forecast is that the national economic recovery will stumble. Indeed, the Colorado recovery will likely mirror any major shift - either positive or negative - in the national recovery. Additiona] risk lies in high energy prices and their impact on consumers. A prolonged period oF high energy costs will dampen consumer spending on discretionary goods and place pressure most noticeably on inflation and the housing market. In this respect, the primary risk is to the retail trade and wnslruction forecasts. June 20, 2006 finecasts from the Office of State Planning and Budgeting, Colorado Econon~:c Perspective, are listed in Table 3: TABLE 3 FORECAST 2004 2005 2006 2007 2008 Denver-Boulder CPI-U actuaUforecast 0.1% 2.1% 2.5% 2.5% 2.6% Pro'ected Retail Sales Trade Growth 6.2% 4.9% 5.5% 5.9% 5.9% Personal Income Growth 5.8% 6.5% 63% 6.6% 6.9% Changes in 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. Excerpts from the most recent issue (May 9, 2006) of the Colorado Economic Chronicle, published by the Legislative Council of the Colorado General Assembly include similar positive projections. • Colorado's economy has matured into a full expansion. • After increasing 21 % during 2005, nonfarm employment increased 2.2% year-to-date through March (2006) in Colorado. Colorado's unemployment rate has been decreasing steadily since last summer, and landed at 4.3% in February and March, after averaging 5.0% in 2005. • Perso~al income will increase 5.7°/a in 2006 and 6.4% in 2007. Gains in employment and wages and salaries are expected to continue to buoy personal income. Wages and salaries are expected to increase 5.8% in 2006 and 6.5% in 2007. • Despite high energy prices and steadily nsing interest rates, consumer spending should by buoyed throughout the summer by strong employment'growth and will grow at rates reflecting moderate income gains over the next two years. • Consumer spending will increase 4.6% m 2006 and 5.2% in 2007. • In conclusion, the state's economy has emerged from recession and is expanding at a healthy rate The consumer and housing sectors, which supported the eco~omy through tbe recessioq will no longer drive growth; consumers will spend at moderate rates while the housing sector should experience a correction. We expect moderate economic growth over Ihe next few years, fueled by business investment and innovation and supported by a strong nationa] economy. This report will be updated and will be available on approximately the tenth business day of cach month. C~.\DOCUME-]\FishW \LOCALS-l\Temp\2006-06 Revenue ReQort - Memo.doc Total Net Sales/Use Taz Receipts by Tax Sales Tax 28,405,887 30,588,089 7.68% 81.19% Busmess Use Tax 4,381,782 3,877,845 -11.50% 1029% ConstnictionUseTax 3,814,139 2,355,105 -3825% 625% Mo[or vehicle 1,025,480 926,122 -9.69°/ 2.46% Refunds -81,593 -73,796 -956% -0.20% Tutal Sales and Use Taz 37,545,694 37,673,365 034% 100.00% Totul Net Sales/Use Tax Recei Food Stores 4,978,293 5,026,290 0.96% 1334% Eanng Places 4,328,823 4,567,692 5.52°/a 12.12% Apparel Srores 1,117,646 1,041,569 -6.81°/a 2J6% HomeFumishings 1,186,790 1,198,830 1.01% 3.18% General Retail 6,794,473 7,003,609 3.08% 18.59% TransportationNtilities 3,517,129 3,686,351 4.81% 9J9°/ Automotive Trade 2,744,794 2,625,533 -424% 6.98% Building Matenal-Aetail 906,574 1,426,579 5736% 3.79% Construction Use Tax 3,025,630 1,971,793 -34.53% 5.23% Construction Sales Tax 138,853 129,848 -6.48% 034% ConsumerElectronics 786,455 909,133 15.60% 2.41% Computer Related Business Secror 2,796,679 2,461,658 -11.98°/a 6.53°/ AllO[her 5,305,147 5,695,278 735°/ 15.12% Refunds -81,593 -73,796 -9.56% -020% Total Sales and Use Tax 37,545,694 37,673,365 034% ] 00.00% Total Net Sales/Use Tax Area 1 -' ~ J LIkYiL T 1!I AC[LBI . .. , . ~ North Broadway 502,420 494,420 -1.59°/ 131% Downtown 2,542,721 2,813,625 10.65% 7.47°/ Downtown Extens~on 246,847 237,541 3.77°/ 0.63% UHGID (the "hill") 458,989 499,131 8J5°/ 132% East Downtown 35Q546 459,352 31.04% 112% N 28th SC Commeraal 2,194,910 2,538,699 15.66°/ 6J4% N. Broadway Annex 123,204 150,374 22.05°/ 0.40% Umvers~tyofColorado 474,656 367,252 -22.63°/ 0.97% Basemar 614,625 624,928 1.68% 1.66% BURA (inc xrds) 9,137,594 9,098,028 -0.43% 24.15% Table Mesa 910,321 926,505 1.78% 2.46% The Meadows 493,759 509,168 3.12% 1 35% AllOtherBoulder 2,376,779 2,367,084 -0.4t% 6.28% BoulderCoun[y 458,467 414,758 -9.53% 1.10% MetroDemer 2,026,123 1,606,302 -20.72% 426% ColoradoAllOther 96,902 56,666 -41.52% 0.15% Ou[ of S[ate 2,887,975 3,372,047 16J6°/ 8.95% Au~part 4,007 2,070 -48 35 % 0.01 % Gunbartellndustr~al 2,043,894 1,957,984 -420% 5.20% Gunbartel Commeraal 435,513 432,899 -0.60°/ 1.15°/ Pend Street Mall 1,033,991 1,131,032 939°/ 3.00% Bouldcr Industrial 3,715,717 3,416,087 -8.06°/ 9.0"7% Unlicensed Receipts 945,232 642,562 -32 02% 1.71°/ CountyClerk 1,025,480 926,122 -9.69% 2A6% PublicUtilities 2,526,617 2,702,529 6.96°/ 7.17% 2efunds -81.593 -73J96 -9.56% -020% Total Sales and Use Tax 37,545,694 37,673,365 034% 100.00% Miscellaneous Tax Statis[ics ~ lAUS ~ 2006 ~ °/ ChangO I Total Food Service Tax I98,250 2] 0,987 6 42 % AccommodationsTax 1,166,677 ],344,131 1521% AdmissionsTax 215,496 197,245 -8.47% License Fees 14,175 14,625 3.17% TrashTax 785,738 795,192 ].20% Tax by Mo Sacegory TOTAL LITY SALES AND USETAX LOLLECTIONS I I ~ I REVENUECATEGORY VEAR JAry FEB MAA APR MAY JUN JUL AUG 5EP QF'T NOW OEC TOTAL YaCHG RETAILSALESTA% ' 1998 4,H5,102 4,142,135 5,055.362 4,20],9W 4,510,65) 5,4BO,H] 6,34fi,353 6)61.185~ 5,616,609 4,048,]99~ i,826.835 6,104,39C, 5],B99p60 2P3Ye Ra1e926% 1999 4.342.150 <,]12,9fi5 5.493,593 4.696.105 5,235,]92 6,110,35~ d,886,459 5,039,SC8 6A25A83 6,909,120j S,i6J,660 9,932320 64,4a6.3a5 1131Y, _ _ I 2000 ~~ 2001 4.950,553 4.95],524 5,116.135 4p89.252 6,066,890 6,241.3]] 4,]26,230 4,635.63a 4841,958 4.82J,20i 6,3]3,594 6.190.0<0 6,942,506 6.463,685 5,19,202, 6.856211 4,640.590, S.BBB,513 5225.099j 4,BSB,152 <,192,01fi 4,518.650 8,080,19A' 66,696910 6.822.30]~~, 62,6fi9,049 3A9% E04% ' 2002 0,538,]A0 3,903,954 4959,202 4,SC4,590 C,fi92,310 5,663,454 4,381,120 4)25,305 5,5]0,049 C,1fi9,969 0,315.542 6,2]2,808' S],]25,101 -].89% 2003 3.8]2.310 38]0,955 5,055,13fi 4,093,068 J.266,]29 5.232.316 0,1fi],68fi 4,663,9921 5,1]1.981 C,288,213 4,246,924 5,940,1]5' SJ,B]1J89 A94% RaleCbg326%>341% 2000 4,39J,136 4,1]066] 5,321,051 0,339,594 a,461,055 5,340,555 4.333,12B 4,]49,65B'~ 5,542,805 4p50,131 <,518,629 6,602,036 58.229,864 145% Rale_341Y 2005 ____--_ 2006 0.255,061 -- . 6,]30,269 4p53,3]0 _ 4,fi45,436 5.232,389 _ __ 5,53],253I <.353A16 _ _ 4,659.058 0,5]6,964 _ 6.882,331 ___ __,1 6,129,3fi3 ___ , 0, 1 __.__ - ~~ -~ ~ 4, 61, 90 6,]69,900 __-... -__.__ 59,1O8.fi90 6,932.929, _ ___ _. ~ 30.599.OB9 2.SC% __- -0B.]]% Change~mmpnoryear(MOn~h) I 112fiY. 431% 583% ]04% fifi]% 10]3°b -00000% 40000% I -00000% -10400%~, 400.00% 400.00% Cnangelmmpnoryear(1'T~) i I 1t4fi% ]]1% ].OOY 101Ye _ 69<Ye ].68Y. 4.03% ___ 49.32W.', -29.62% .. d62B%I~ 4204% .___ <B]]%~ _ _ _ '_ ___ _ ~~ ,... I __ __'"__ _ '__ " " ' CONSUMERUSETAX '~ 1998 ' 939,551 521,621 1.OB0,009 908,628 fi6Z896 ]01)51 698,0]0 ]61,515; 838,403 616)03~ 922,649 1,2W,623'~ 9,632,221 8350 Rate326% 1999 686,623 ]18,04 9"l9p96 SBS.B63 688A65 91<,O6fi 9fi9,355 Bfi],692, 1,096,901 686.512 5]2,380 1,4)6,445' ID,132,610 549% ___ ~ 2000 _ 699,142 ]B4,50) 988,545 009722 113.921 1,050,603 18],906 946,2"Il~ 1,295,039 69],305~ 940,93] F 1020,215 ~1,098,124 953% 2001 1165.93] 899,129 1]]1,836 908,629 899,191 ip2],618 1,011,68) 915,212 955,683 1,415,169 ]68,]CB 1.099.556 13.259.ESC 196]% 1 2004 916.462 S65,Wfi 1293.800 ]83.956 - J9],23] _- 1,091.]]9 60B,999 _- 6]1,OBB fi48,d55 _ ]fi],5631 628.926 -_- t.153,296 9,fi2],51fi _ _ _ -2]39% _ _ __ - _ __ __ __ _.__ ' 20W -_ - 996,15] _ 511,559 _ -_- 836.398 e]],9fi2 ~ ~9fi,286 9fi2,]85 656)99 819,1fib 914,869 635,455~; 1,065,632 _ _ " ... _ . _ 1,052.S6fi 9,903,632 - 28]% Ra~eCM1g326%>3.dt% ~I ~~4 980,229 665,~18 999p53 ]<2,692 ]2C,614 866.9]4 810,8]4 922A01~, 9<1,990 ]28.630'i ]50,9]1 1,181,)16 10,215,fi25 q.39% Rale3atY. ~ 2005 02],99] 50],036 951,~85 1,016,614 1,ID3,592 1,001,048 864,120 ]BB,4651 1,094,W0 ]58,93]I 968,6fi] 1,208,300'~ 11.130,180 8.95% --- --- - -- J 2006 686.fiB6 51].101 1.29].146 59].106 96C.529 ]81.3fi2 ---~ --~-'- 4.803.969 -56.84% Cnangehompnorye~i -1"/06% 198% 3429% <323% 4260% d195% 400.00% -10000% 40000% 40000% 40000% 40000e C~angefmmpnoryear(YTD) ~ 490fi°e -902% 853% -1600 -Blio -0116% -23.41% 3196%I 3109% -0610%~I -51.39Y. -56.86Y.~ CONSTRUCTIONUSETAX 1998 128710 20fi,650 230.126 26],9]5 1-9,]80 213,181 190,5"/0 2G2,]48~, V8,061 280,231~ 192,695 2a2.169~ 2,5]3,501 10.56% Rate326% 1999 154,009 1~1704 223,8]1 213,553 240,900 315,896 1~0,109 216,1111 419,966 136,124~ 159,510 164,6H' 2,565,410 -031% ' 2000 239,212 4]6.52B 169,469 364250 355,225 140,920 388,110 253,944'~ 229,010 259,312! 1]3,901 269]OA 3.298,682 28.58% 2001 191.J96 331,3I6 1]2.691 1]1,14] 198,44 1B],243 22],009 311,633~ A]1pA6 319,093! 19C,510 166293 2,941,850 q0.82Ye ' 2002 2i4.010 565,519 292,392 _ a42,5B] 2t5.380 1181,6W 195.31A 19],]O5~ 158C13 16],2131 161,a64 390,Ofi5 4,1]tj)3 4181% _ ._ "_-_"_- 2003 --- 10a,449 -___._ 121.585 _-_- 130,559 238.24fi at5.]56 615,308 220.<13 259,996: 239,331 161,913~ 292,983 __ _ _.._._ _ _ -_ 3BB.15] 3,256.653 - ___ -2196% Ra~eCM1g326e>301Y< ~' 2006 210.383 336.148 381,48) <90,42fi 229p16 181,132 204.851 155,409 212,299 119,293 238,659 2B3.08) 3,048.W8 -0050% Rate361% I 2005 913,585 ]82.540 209,865 .-_._ J61,B]9 ____.___ 45Q4]3 __ -__- 913,19] _ 186,408 235,308 282,503 : ._'-____ 3]6,24] ___-___ 2BBJ04 _"-_ 514,9]5 5,59],fi80 ____ -_ 8359% __ ___ ____ _ _ 3006 _ _- 19],263 331,361 420ja9 296.094 33].23] 1]4p20 ,, _ . ._. 2,355.t05 _- 5]93% Cnan efmmprior ear(MOntM1) ~ 9 >838Y. 5966% 6616% 36.33Ye1 2606% -1520% =10000b -10000%I 40000% -000.00% -00000% -t0000h ~ CM1angefmmpror ear TD r n ~ : ]938% = fi882% 5213Y ~914Yi i <551% 3825% <113% <440%' <1.88% -5089% -53.66% -993% ~__ _ _ -- TOTAL FOR MONTH 8 CHANGE PROM PREVIOUS YEAR ( MONTH 8 YT ~) ~ Ra1e311%>326% ~ 1998 ` 6,981,403 4,8]0.405 - 6.365A]- .-"_ 5,4fi4,499 . _. _.__. 5,363,333 _ _ _' fi,415,fi55 _ 5,234,994 5,]BS,A<BI 6,fi33,096 ___._. _-__.- 4,9C5,]33~ __-_.... 5,]01,9)9 --__ 8,244,i8fi ]0,105,186 -_ -__-__ 38fi% __"_...._ __ ___ - __- -__ @Rale]26% 1999 . . ____ 5,182,]92 - S,fi03,481 6.596,915 5493,521 Q165,236 ],360,319 6,025,922 • fi,43,351' ],632,350 5.]31751 5,895,354 _ _"_._ 9,353,31fi ]9,104,365 -- 1004% 2000 5,386,90] 6.3]],1]0 ],223,905 5,900,202 5.9V,t10 ),569,116 6,118,521 6.353,423~~ 8,380,325 6,181,]15~ 5,932,990 9,)50,132 81,093,515 512% ~ 200i _ _ __-_ _ -___'__ _ -__ 2002 6310,95] 5,469,216 5,]19,]5G 5,035,449 9,191,903 6,534,394 5,)t5pt0 S,A1,133 5.91t,516 5,399,991 ],800,901 ],936,839 5,]02,381 5,385,493 6.12].295! ],315,6J1 T- 5,594,139 6,3]6.91- 6,526,328~ 5,4fi1,9W _.__-' 5,103,]25j 5,111,931 8,0]9,t56 ]B.B11,153 __- ____ _ - _' 1,010,ifi9 11,524.396 d]A% _"_'____ -9.31Ya 2003 _ _.__ Ra~eCbg32fi%>341% 2004 4.]]4.920 . 5.584,]48 4.514,099 __ __ __ 5.1)1.633 6,030,093 _ ______ _ _ 6,613,991 5,209,2]] -___ 5,5]2,"I12 5pfi6,i]t 5,415,085 fi,B]0,410 _ ___ ___ 6,389,261 S,OJ6,99] _. __ _- 5,34B,853 5,]03,101. 6,326,188 __ _____'_-_ -____ 5,92],0fie' fi,6W,093 S.OBS,SB1' S,5B5,538 - _______L "_ . ._ 5,298,64)I 5,508,059 ],3BO,B9]I 68.031 ]]6 __ _ . _ 8,066,899 ]1696,OJ8 -0.88% __.. 04l°b fta1e341;'0 2005 3006 ~~ ~ Less Re(unds 2003 5995,513 5618,198 ~~ 34,330 5)62,94fi 5,093018 ~_ -BBP fi,4"l1,340 ),235,148 ~~-~ ].0]9 - 5,831,518 5,530696 -034]98 6.t36.529 6.184,09G A1 ]]2 ],d49,441 ],6851J5 - >6329 5,545,20] 0 -~ - <22 6,03],152~ 6,9D,449 Oj 0 -- _--' - --- - 596 fi9,i64 5,5]6,WAI 6.026,2]1 ~ - ~ ~-'~ ~~ ~~ ~ 3,9]9li -5]9 8,696204'~ 16,43fi,5J5 ~ ~ 0 3],)0).161 -46.599, -024.2]2 691% -0293033% ~ ; 2004 ___ " '__' _' "_"' _ 2005 _ _ -t.3a3 '_ -Y46 -t0.505 --- -66,044 -636 ---_ -909 -e]2 - --___ -2.666 -5,963 ______ -1.64) 451 _--- -10,080 4,299 - -3,062 d,6G3, -2a4 _-__--_ -0,2W -946 -2],318~ -5,]58 -_'_L'"'-_ 4,596~, 0 -4,330, -63.061 ___ -4)5> -96A51~ -__-' _ __ 3006 -a0.302 _. . ...._. ."_' ______"_' AdjuStedtot2l I 2001 fi,31<,95fi -5.2)2 "-_____"_ S,fi40,B26 -22,]6t _-"___ 6,111J29 -363 5,691,550 _.__..__ -5099 5.914d39 0 'l.BO4,E51 .699.895 ' "_" 6,119,069~ ],34,362 _....__"'_"""I""-_-- Q521,tCfil 5,661.909 -- -]3,196 9.093.319 18716,353 258% ~ 2002 11,09t,413 10,529,321 6,521,258 5,)]1,133 5.39~ )52 ),922.B46 5,384.96] 5,583,911 6,255,]13 5,081,628~ 5,H0.383 ].800,105 B2,J<0,641 A.]3% I 2003 6]G0,591 _ __ _- _ -_ __ Rt CM1g326%>3C1% 2006 5583COfi _ -_- 0,50592 __- 5.161,128 fi,023,015 ___ 6.613,350 S,WC,O)9 _ .__ 5.5)1,840 SG24999 _ __ 5409121 6,]96082 6,389N0 5,044,4]5 _.- 536-,554 5942,505', fi251p23 ___ SB2~,B25, 6696849 S.OB1.B02II 5.584,959 _- ___ 5.2]1329, 5,5@,301 _ ]334.298'~, 6)60).502 . _ _ 90fi2,569 ]143138y6 11.99% _._ 101h Rate341% 2005 I 5995266 _ _ 2006 5.9].896 S.fi]69@ __ "__ 5,088,606 fi4-O.E31 _.__ ],2R,388 5,928.952 _ . 5,530,333 6.134.882 6,198,998 1C39,361 _ _ _ ],fi85,105 5.542.145 _ __ 0 6032.966' 6926fi03 '-_ 0 0 5,5]5388 6,0262]t .._. ' 0~' 0 - B691p4fi )6340693~ ___' _ 0 3],691365 68>% ___ -5065% %C~ange(mon~M1) ~ fi9fi% -332% 1141% ~512°/ 0>2% 330% -10000% -10000e~ -0OOOOk -00000%I -00000°a -00000%~ I %Change(VTD) -69fi%I -519% 0)SD -068e1 -039Y,I 034% 4259% -2330% 32.]8°6 3886%~ -a431Y -5065°6 ~ USE >< SALES COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR THE YEAR 2006 TO COMPARABLE PERIOD IN 2005 USE TAX BY CATEGORY SALES TAX BY CATEGORY JUr,tE S'T.D Aotua[ ' 3T11~~ XTA'AeCuat ZOUS 2006, .' °.lo Change' Standard Industrial Code 20(35 2p(f6 °!o Change 2Q953 74,600 256.03% FoodStores 4,957,339 4,951,691 -0.11% 6Q416 58,616 -2.98% Eating Places 4,268,407 4,509,076 5.64% 67,915 7,604 -88.80% Apparel Stores 1,049,731 1,033,965 -1.50% 3,470 6,925 99.58% HomeFumishings 1,183,321 1,191,905 0.73% 448,764 318,327 -29.07% General Retail 6,345,709 6,685,281 535% 117,080 118,476 1.19% Transportation/[Itilities 3,40Q050 3,567,875 4.94% 1,035,694 947,528 -8.51% AutomotiveTrade 1,709,101 1,681,005 -1.64% 4,990 24,312 387.20% B~ilding Material-Retail 901,584 1,402,267 55.53% 3,025,630 1,971,793 -34.83% Construction Use Tax 0 0 na 0 0 na Construction Sales Tax 138,853 129,848 -6.48% 17,803 48,813 174.19% Consumer Electronics 768,652 860,319 11.93% 2,146,050 1,639,834 -23.59% ComputerRelatedBusiness 650,629 821,824 2631% 2,272,636 1,942,244 -14.54% AllOther 3,032,511 3,753,034 23.76% 9,221,401 7,159,072 -2236% Total Sales and Use Tax 28,405,887 3Q588,OS9 7.68% USE TAX BY CATEGORY SALES TAX BY CATEGORY i : 'd.id1~E YTB .4ctua[ ::' :.'... '' dI1lYTs S'TD' Actiial . . .: .: : 2bO5.i .° : 20~l6 ~ C13&1igt~ .: Geographic Code 2Qb5,<' , ; '. [ i:.2~l46::' .. . °fu CharEge ' 42,517 22,751 -46.49°/a North Broadway 459,902 471,669 2.56% 262,314 286,683 9.29% Downtown 2,280,406 2,526,942 ] 0.81 % 32,580 6,538 -79.93% Downtown Extension 214,266 231,003 7.81% 11~060 2~190 -80.19% UHGID (the "hill") 447~930 496~941 10.94% 21,032 43,328 106.01% EastDowntown 329,514 416,023 26.25% 55,816 173,191 210.29% N. 28th St. Commercial 2,139,093 2,365,507 10.58% 10,880 9,757 -1032% N. Broadway Annex 112,324 140,616 25.19% 148,449 33,069 -77.72°/a Universiry of Colorado 326,208 334,183 2.45% 18,802 2Q241 7.65°/a Basemaz 595,823 604,687 1,49% 828,465 388,139 -53.15% BURA(incxrds) 8,309,129 8,709,889 4.82% 11,269 9,173 -18.60% Table Mesa 899,052 917,332 2.03% 9,874 16,752 69.65% The Meadows 483,885 492,416 1.76% 1,257,083 1,235,947 -1.68% AllOtherBoulder ],ll9,695 1,131,137 1.02% 13Q615 SQ930 -61.01% BoulderCounty 327,851 363,828 10.97% 677,906 142,522 -78.98% Metro Denver 1,348,216 1,463,779 8 57"/~ 49,031 3,498 -92.87% Colmado All Other 47,871 53,169 ] 1.07% 21 ],784 111, ] 65 -47.51 % Out of State 2,676,191 3,260,882 21.85% 611 52 -91.44% Airport 3,395 2,017 na 1,757,587 1,693,521 -3.65% Gunbarrcllndustrial 286,307 264,463 -7.63% 2,041 1,639 -19J4% Gunbarrel Commercial 433,472 431,260 -0.51% 17,312 18,204 5.15% Pearl StreetMall 1,016,679 1,112,828 9.46% 1,690,438 1,431,034 -1535% Boulder Industrial 2,025,279 1,985,052 -1.99% 862,164 426,678 -50.51% UnlicensedReceipts 83,068 215,884 159.89% 1,025,480 926,122 -9.69% County Clerk 0 0 na 86,289 105,948 22.78% Pubhc Utdities 2,440,329 2,596,582 6.40% 9,221,401 7,159,072 -22.36% TotalSales and Usc Tax 28,405,887 30,588,089 7.68% Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparel Slores Home Fumish. Gen. Merchandise Transport. CanstrucGOn PJIOlhers GRAND TOTAL 2004 Janua 2,986 34,863 3,813 1,918 53,080 717 1,651 2,062 101,289 Februa 3,496 37,716 6,880 2,207 11,884 464 29,820 1,999 94,467 March 7.086 38,833 5,012 2,204 21,184 408 140 5,000 73,868 A ril 5,139 39,323 5,411 1,802 13,570 428 10,847 2,349 78,810 Ma 5,373 39,319 6,173 1,682 71,284 358 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 10,295 90 22,410 1,155 76,084 Au ust 4,379 36,926 9,442 2,576 63,645 2,647 923 3,149 123,686 September 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 17,471 46 189 1,220 87,898 November 4,265 40,987 5,427 2,700 10,789 1,007 64,575 December 3,270 31,875 8,937 2,232 23,987 465 1,227 4,125 76,118 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 Fe6rua 4,414 40,520 10,362 1,~64 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 7,950 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 1,815 19,715 8 1,011 65,811 nu ust 5,220 51,481 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 1,581 101,336 October 5,078 51,094 14,551 2,928 19,641 513 607 94,412 November 4.817 47.473 6,222 2,864 10,082 471 65,930 December 3,314 30,647 8,697 3,194 15,726 1,062 62,641 2005TOTAL 58,427 493,955 98,605 28,891 288,004 1,088 9,172 18,764 996,900 2006 Janua 4,180 41,175 7,910 2,689 61,593 140 517 118,204 Februa 4,523 44,058 4,366 4,219 19,937 560 2,376 80,038 March 4,839 40,391 8,703 2,527 18,893 196 931 76,480 A ril 5,585 46,504 8,981 2,893 77,848 83 411 515 82,819 Ma 4,992 42276 2,189 3,037 15,650 73 536 68,753 June 4,385 43,270 7,789 2,434 14,208 57 693 72,838 Jul Au ust Se lember OCtober NOVember December 2006TOTAL 28,505 257,674 39,938 17,799 148,127 83 1,437 5,568 499,131 % Change from 2003-2004 3 99% 5 55 % -10 85% 30 00 % -5.08 % -21 38 % 621 66 % 71 77°/ 6 46 %~'. % Change from 20042005 23 13 % 7 09% 12.44 % 11.30 % -4.61% -82.57 % -8928% -4275%, -4 96 % % Change from 2005-2006 -6.22 % 9.66 % -8.00°/ 4622 % 24.58 % -92.38 % -74 09 % -55.42 % 8 75 % %Changefrompreviousyearmon[h -39.14% 7.47% 2326% 15.30% -1.85% #DIV/0~ -63.34% -7297% -035% NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate. S \CMOIDUHMDPS\dmc\BUDGETdj\UHGID d~\UHGIDSIC Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Stores Eating Places Apparel Stores Home Furnish. Gen. Merchandise Transport. NlOthers GRAND TOTAL 2004 Janua 2,985 34,863 3,813 1,918 53.065 777 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 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 ~0,786 983 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 25,958 300,441 6246 27,404 947,770 2005 Janua 3,864 35,046 4,753 2,297 51,848 21 7.024 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 1,011 65,768 Au ust 5,220 50,377 8,408 2,917 76,00~ 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 19,608 607 93,865 November 4,817 4'1,473 6,222 2,864 10,067 471 65,975 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 2006 Janua 4,180 41.171 7.910 2,689 61,591 517 178,058 Februa 4,523 44,052 4,366 4,219 19,901 2,376 79,436 March 4,839 40,390 8,703 2,527 18,847 637 75,944 A ril 5,585 46,490 8,981 2,893 17,832 83 515 82,378 Ma 4,992 42,244 2,189 3,037 15,640 - 536 68,638 June 4,385 43,266 7,789 2,434 14,194 416 72,485 Jul Au ust - Se tember October November December - - 2006 TOTAL 28,505 257.614 39,938 17,799 148,004 83 4,997 496,940 % Change from 2003-2004 4.02% 4.76 % -10.85% 30.00% -5.45°/a -21.38% -17.73% -2.50 % % Change from 20042005 16.67% 8.46°/ 12.44% 11.30% -4.30°/ -82.57°/ -35.58°/ 3.40°/ % Change from 2005•2006 4.32% 10.38% -5.00% 46.22% 24.79% -92 38% -58.12% 10 94% % Change from previous year month 6.00% 8 85% 23.26°/ '15.30% -1 93% #DIV/0~ -81 86%a 4.92°/ S \CMOIDUHMDPS\dmc\BUDGETd~\UHGID dj\UHGIDSIC NOTES: Percentage change calculations for 2004 have been ad~usted to eliminate the impact of the increase in the sales/use tax rate. UHGID Yearly Summary Sales and Use Tax Breakdown by Intlustry Category Footl Ealing Apparel Home General Stores Places Stores Furnishings Merch AllOther Total June2006 $26,505 $257,674 $39,936 $17,799 $148,127 $7,088 $499,131 6% 52% 8% 4% 30% 1% 700% 2005 $58,421 $493,955 $98,605 $28,891 $288,004 $29,024 $996,900 6% 50% 10% 3% 29% 3% 700% 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 $941,951 5% 44% 10% 4% 32% 5% 100% 2002 $42,268 $407,606 $89,454 $34,~04 $313,795 $41,419 $928,646 5% 44% t0% 4% 34% 4% 100% 2001 $41.988 $394,142 $103,513 $35,'I11 $318,763 $2fi,9fi1 $920,478 5% 43% ti% 4% 35% 3% 100% 2000 $34,841 $378,042 $99,206 $39,066 $36fi,669 $17,242 $935,066 4% 40% 11% 4% 39% 2% 100% ~999 $38,414 $345,800 $92,878 $46,325 $345,546 $5,309 $874,272 4% 40% ~1% 5% 40% 1% 700% 1998 533.781 $350,299 $126,670 $40,532 $306,791 $12,898 $870,371 4% 40% 15% 5% 35% 1% 100% 1997 $37.537 $323,175 $~26,465 $39,846 $316,999 $9,035 $853,057 4% 38% 15°/< 5% 37% 1% 100% 1996 $33,742 $342,802 $145.274 $74,088 $317,743 $t5,788 $929,437 4% 37% i6% 8% 34% 2°h 100% 2006 Sales antl use 7az Food EaHng Apparel Home General Stores Piaces Stores Furnlshings Merch NI Other Total $28.505 $257,674 $39.938 $17.799 $148.727 $7,088 $499.131 6% 52% 8% 4% 30% 1% 100% 2006 UHGIO Salez antl Use Tas 6reaktlown py InOUS~ry Category AIlO~M1¢r Footl $tore5 ~~0 fik General Mertb 30% ~ Home Fumis~ings J % Ea[ing Pleces 5tY Apparel Slores 8°e Sales and Use Taz as a Percent of Total Ciri W itle Sales and Use Taz Food Slores Places June 2006 $ 5,026,290 $ 4,567,692 1% 6% 2005 $10,046,723 $8,995,846 1% 5% 2004 $10.148.861 $8.637.718 0% 5% 2003 $9,052,658 $7,847,285 0% 5% 2002 $9,294,397 $8,133,237 0% 5% 2001 $9,312,676 $8,384,190 0% 5% 20~0 $9,080,910 $8,484,601 0% 4% 1999 $9,207,721 $7.7H0.648 0% 4% 1998 $8.932,097 $7.469,094 0% 5% 1997 $7.739.779 $6.797,237 0% 5% t996 $7,6'11,055 $6,614,561 0% 5% Stares Fumishings Merch AllOther Total $ 7.047,569 $ 2,t07,963 $ 7,003,609 $ 17,926,244 $ 37,673,367 4% 1% 2% ~% 1.3% $ 2,362,366 $ 4,465,788 $14,587,419 $ 35,882,350 $ 76,340,492 4% 1 0 2% 0% 13% $2.232.147 $3.1~8.312 $14.t23.007 $32,171.342 $70.431,387: ~ 4% 1% 2% 0% 1.5% .. $2,046,951 $3,922,549 $13,185,423 $31,552,637 $67,fi07,503'~. 5% 1% 2% 0% 1.4% $2,346,305 $4,164,992 $13,572,651 $33,815,600 $71,327,182 4% 1% 2% 0% 13% $2,646,021 $4,537,112 $15,553,807 $38,279,526 $78,713,332 4% i% 2% 0% 12°0 $3,159,262 $5,9~5,794 $17,887,211 $36,269,737 $00,797,515 3% 1% 2% 0% 12% $3,359,914 $5,553,219 $17,008,884 $33,893,706 $76,814,092 3% 1% 2% 0% 1.1% $3,252,729 $3,570,448 $15,736,740 $30,637,104 $69,597,612 4% 1 0 2% 0% 13% $2,781,078 $3,129,089 $15,439,169 $28,494,047 $64,380,339 5% 1% 2% 0% 13% $2,782,'149 $2,862,572 $15,111,950 $26,975,579 $61,951,866 5% 3 0 2% 0% 1.5 0 2~~6 Sales Tax Only Eating Apparel Homa General Food Stores Places Stores Furnishinqs Merch AII Other Total $28,505 $257,614 $39,938 $17,799 $148,004 $5,080 $496,94C 6h 52% 8% 4% 30Yo 1% 700~ 200fi IIHGID Salez Tax BreakEOwn by InEUZVy Cahgory AlIONer Food Stores ~ 0 6% Gen¢21MGrcM1 30% ~+~ Ea~ing Places Home FumisM1ings 51% J°a NppdrGl $toRS 8% S \CMO\DUHMOPS\tlmc\BUDGETtl~\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 60,826 68,547 62,055 66,129 74,662 82,378 May 61,329 56,306 62,078 65,583 61,131 68,638 June 92,013 76,086 69,726 73,693 69,085 72,486 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 65,915 December 86,683 71,034 74,835 72,674 62359 Totals 920,684 911,224 906,884 929,322 947,770 980,005 496,941 UHGID Sales Tax Revenues 160,000 140,000 120,000 --4- 2001 100,000 -~-- 2002 80,000 \ J~ 2003 ~ -~- 2004 60,000 - ~ 2005 t 2006 40,000 20,000 0 ~~ ~~ `~r Q~~ a~ ~c~ ,J~ Jy~. ~~~ ~~c ~ec ~e~ ec~ 'o~~ ~2 Q~ ~ ) P~~ ~~~c ~ti~ ~~c eF ~ ~e ~~Q O ~o~ O~o S:\CMO\DUHMDPS\dmc\BUDGETdj\UHGID dj\UHGIDSIC