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Sales & Use Tax Revenue Report March 2008
City of Boulder Sales & Use Tax Revenue Report March 2008 Issued May 16, 2008 This report provides info?7nation and analysis related to sales and use tax collections for fiscal year 2008. Results are for actual sales activity through the month of March, the tax an which is received by the city in the subsequent month. Any questions should be directed to Bob Eichem, Finance Director at (303) 441-1819. For 2008, the city's sales/use tax rate returned to 3.41% from 3.56%. Percentage changes in this report are calculated in two ways. The first illustrates the actual change in revenue (which included a voter approved one-year increase in rate from 3.41 % to 3.56% to fund the Fire Training (::enter in 2007). The second and more important calculation is adjusted to illustrate the change in underlying sales activity which is the change upon which the 2008 city budget was predicated at the new lower, 3.41% safes/use tax rate. This adjusted amount is shown in the column titled "Change in Comparable Collections." The following tables compare year-to-date 2008 collections to the comparable period in 2007. REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR Table 1 lists the categories of sales and use tax collected by the City oI'Boulder. It illustrates the percent change in the various areas for 2008 over the same time period in 2007. TABLE 1 MARCH YTD COIVIPARISONS - 2008 VERSUS 2007 Increase/(Decrease) ACTUAL CHANGE CI~ANGE IN COMPARABLE % OF TAX CATEGORY IN REVENUE, COLLECTIONS TOTAL Sales Tax (4.36%) (0.15% 79.15% Iusiness/C:onsumer Use Tax 38.07% 44.14% 11.67'% Construction Use Tax 89.37% 97.70°/> 6.92% Motor Vehicle Use 'Tax (9.96%} (6.00%) 2.50% Refunds 18.98`% 24.21% (0.23%) Total Sales & Use Tax 2.63°/, 7.15% 100.00% Retail Sales Tax -Even with continuing concern related to consumer related spending in a slowing economy, retail sales for the first three months of the year remained fairly strung, with the exception of Food Stores and Automotive Trade. Although the Computer .Related Business retail category was down, it was actually positive when use tax was combined with the retail numbers. March retail was the weakest of the first three months of the year, which, for clothing sales, could be at least partially attributed to weather. According to Financial Weelc, "(l;aster)...landed on March 23 this year---two weeks earlier than a year ago---and it came during a cold, damp month when many consumers were still wearing winter coats, sweaters, and boots. That gave shoppers an easy excuse to delay purchases of sandals, short-sleeved shirts and faster dresses." Food Stares is the city's largest single retail category and, given recent inflativn in food prices, the decline in this category is somewhat unexpected. Therefore, we will he closely tracking trends in this area as the year progresses. As stated in the recent study session, even though March was weaker than January and r'ebruary, one inorrth results in any category are not necessarily an indication of a trend. We will be closely tracking trends in all areas as the year progresses. At this time, we continue to feel the projections in 2008 for retail sales tax are still reasonable. Business/Consumer Use Tax -Although this category tends to be volatile in nature and the short-term results do not necessarily reflect h•ends, it is encouraging to note relatively large payments from several large employers. Construction Use 'l'ax -March year-to-date Constt•uction Use Tax revenue is up by 97.70% from the same period in 2007. This category is very volatile and these results are not necessarily a predictor for the future. Even after- adjusting out several large residential condominium projects that could be considered "one-time" in nature, this tax category increased by S I.63% from relatively low activity in 200?. 'total Sales and Use Tax -Without adjusting fot• one-time revenue, the "Change in Comparable Collections" column in Table 1 shows a total increase in Sales and Use Tax revenue of 7.15%. This increase is what we corrtpare to our projections of 3.89% for 2008. After adjusting for one-time Construction Use Tax revenue, the total 2008 year-to-date increase in Sales and Use T'ax revenue is 5.42%. Significant increases /decreases by tax category are summarized in Table 2: TABLE 2 YTD RETAIL SALES TAX Chan a in Com arable Collections STRENGTHS: WF,AKNF..SSES: • Eating Places up by IU.47`%~ Food Stores down by 5.74% • Apparel Stores up by 4.37% Automotive Trade down by 12.67% • Home Furnishings up by I.19% Consumer Electronics down by 11.24% • General Retail up by 6.46% Computer Related Business down by 27.29% ¦ Downtown up by 2,77% (combined sales and use tax in this category up by ¦ IIHGID up by 2.13% 7.72'%) ¦ University of Colorado up by 8.54% BVRC (excluding 29"' Street) down by 6.34% ¦ Twenty Ninth Street up by 34.68% The Meadows down by 3.20% • Table Mesa up by 7.12% ¦ Gunbarrel Industrial up by 56.42% • (:~unban•el Commercial up by 4.33% • Pearl Street Malt up by 4.68% • Public Utilities u b 2.79% YTD USE TAX Chan a in Com arable Collections STRENGTf f5: WEAI<.NESSES: • Computer Related Business Use "tax is up by ~ Motor Vehicle Use Tax down by 6.00% 94.99% (combined sales and use tax in this category up by 7.72%) • Constniction Use Tax up by 6.92% (up by 51.63% after adjusting to exclude large condo unit projects that may be considered one-time type projects) OTHER TAXES • Accommodations Tax is up by 7.52%. • Admissions `Tax is up by 69.68%. PROJECTIONS FOR THE FUTURE' On the national level, there appears to be little question whether the country is in a recession or not. The questions now seem to be how deep and how long. The direction of the local economy is less clear. On this subject, excerpts from Richard Wobbekind's article in the April 17 - 24 edition of the Boulder County Business Report follow: ¦ ...the Boulder Valley economy has been vibrant in the past year. The county unemployment level remains well below the state rate, and the county has one of the lowest per capita foreclosure rates in the state. • ,the Boulder Leading Economic Indicator projects that the Boulder Valley economy will continue to edge forward in second quarter 2008. It moved upward from 111.8 in third quarter 2007 to 114.2 in fourth qua~•ter 2007. This suggests that the local economy will experience continued growth during the upcoming quarter at a time that the nation is experiencing stagnant growth or recession. ¦ Given the precarious state of the current economy, it is encouraging to read headlines...that Conoco Phillips will open arenewable-energy research and training facility in Louisville, Renewable Energy Systems Americas plans to relocate from Austin to Broomfield, and Covidien (previously Valley Labs/Tyco) is planning a major expansion at its Uunbarrel location. • Sofid retail sales are likely to continue given the wide variety of shopping alternatives in the Boulder Valley. • Until the housing market becomes more settled, consumers express greater confidence in the economy, the credit crunch subsides, and the Fed demonstrated it can keep inflation in check, the only thing f'or certain is that greater than normal volatility will continue, particularly in the financial and real estate markets. ¦ Overall, the expansion of the Boulder Valley economy will continue to hinge on what happens nationally and abroad. The Boulder Retail Real Estate Update in the May 5 issue of the Boulder County Business Report includes the following: • The retail category of commercial real estate....vacancy rates dipped below 6% in the fourth quarter of last year. That is, in practical terms, full occupancy. Given that the Boulder Valley economy is ultimately tied in many ways to the national economy, the following April I I information from Bloomhe~°g.com must be considered when estimating retail performance: • (On a national level)...confidence among U.S. consumers sank to a 26-year low in April as the labor market continued to deteriorate and gasoline prices rose. • Consumer spending, which accounts for more than two-thirds of the economy, will rise at an average annual pace of 0.5% in the £rst half of the year. The 2008, Quarter 2 Rzainess Leader;s Cartfidence Index is more optimistic regarding the Colorado economy: • Only 10% oft}}e panelists express optimism about the national economy during the second quarter, while about 17% expected no change. Almost 73% foresee a declining national economy in the short teen. • Panelists are more optimistic-regarding zhe Colorado-economy.-.Almost 19'% anticipate the state economy will perform better in the second quaraer, while nearly 33% think the economy will remain unchanged. About 48% of respondents believe the state economy will perforrn worse in the near term. ¦ Although we are in the midst of a slowdown, the Colorado economy has an unemployment rate of 4.4%, below both the natural rate of unemployment (4.5 to 5.0%) and the U.S. rate of 4.8%. In addition, Colorado has continued to add jobs during January and February, albeit at a slower pace. ¦ Boulder County has benefited from the recovery in the advanced technology sectors. The May 13 issue of the Colorado Economic Chronicle published by the Legislative Council Staff of the Colorado General Assembly states: • Although there are signs of stowing in Colorado's economy, it continues to outpace the nation. ¦ Although the state's economy will continue to slow in 2008, it appears better positioned to weather the negative factors weighing on the economy than the nation as a whole due to Colorado's increasingly diverse economy, booming energy industry, educated workforce, and relatively high per capita income. • Because consumer spending represents about 70% of economic activity, there is the potential for a slowdown in the state's economy to be worsened and prolonged due to the negative effect of higher food and energy prices, lower home values, and tighter credit conditions. Consumer spending in Colorado has been remarkably resilient considering these negative factors, likely due to the state's continued job and personal income growth. ¦ However, there are signs that consumers have begun to be overpowet•ed by the negative factors and a sluggish job market. The persistence of the negative factors weighing on consumers, coupled with a weakening of persona} income in 2008 given an expected slowdown in hiring, will cause consumer spending and sales tax revenue to be sluggish in 2008 and into 2009. However, it is important to note that sales tax revenue should experience a temporary boost this summer as households receive their economic stimulus payments from the federal government. This report will be updated and will be available on approximately the tenth business day of each month. 111:1ki;H 1"1'U Actuul :\ctual Ch:ulge in Change in' :lctuul is h:utge Cnmp:trliblc Total Net Sales/Use Tax It,eccipts by Tax Category 2001 2008 Dollars in Percentage Collections `ro of'i'otal Sales Tax ?.~i~L±h9 It.,?(1},=iii -7~":2.~>34 -~.36'il~ -!S.IS,, ~i 11`11 f3usincss Use Tax I,'4t; ? 1 ~ 1 , 40~,C~8~ bG.,781 ,ice 4~1.' : L6?, Construction Use Tax 752,95 25,847 672,893 59.3?`% 97.70%, 6.9216 Motor vehicle 571,926 514,97(1 -55,950 -9.96%, -6.00% 2.5,^,% Re,func`. -40,304 -4•/,951 -7,648 1`;.98% 24.21°/: -0.23% '1'ntal Sales sort Ilse ~ ux 20,076,873 20,(,05,015 528.142 2.6?."S 7.15°.. 10(1.(10 Change in Actual (:hsw~c CitTUparablc 7blal Net Sales/Use'I'ax Receipts by Inriustrv'I'ppe 20(17' 21108 Diilhlrs ' iu YcrcenClgc Ct,Ilections r3i, of'1 oUll Pood Srores 2,764,1:11 2,499,062. ~i:5,(169 q_ .59',,: -5.51 12. 13 rl~ ita[inp,Places ,?96,0`? 575,49E I `+,5~1U ~t" ;'7_°' Apparel Stores ~ 580,357 575,714 -4,6ri3 -0.80% 356°iu 2J9% Home Furnishings 654,996 631,902 -23,094 -3.53% 0.72% 3.07° General Retail 4,036,356 4,197,752 161,395 4.00% 8.57% 20.37% Transportation/Utilities 2,124,214 2,103,189 -21,025 -0.99% 3.37% 10.21% Automotive Trade 1,495,614 1,287,670 -207,944 -13.90% -10.12% 6.25% Building Material-Retail 613,300 61 1,947 -1,353 -0.22% 4.17% 2,97% ConstntctionUseTax 915,!35 1,106,189 191,054 20.88% 26.19% 5.37% Constntction Sales Tax 105;256 84,503 (20,713) -19.69% -16.15% 0.41% ' Consume: Electronics 630,110 55;,884 -78,226 -12.41% -8.56% 2.68% Computer Related Business Sector 1,164,?.81 1,421,638 257,358 22.10% 27.48% 6.90% AlI Other 2,636,509 3,005,020 368,5. i 1:1.98% 18.99'% 14.58% Itciinlds -40,304 -4?951 -7,648 18.98~i~ 24."l: % -C.2?% Total Sales and Use 'fax 20,076,873 20,605,015 528,142 2.63% 7.15% IOOAO% 11:1RCN 1'"1'1) Actual , Actuni Fhangc in ~ Chnn~e iir itctusl Callan„c' Ctinipnrlible Total Net SaleslUse'1'ax Receipts by Geographic Area ?007 2008 ihlllars ' ur Pcrcenta;,~c Cgllectlons 'ib of 7lital North Broadway 272,27°1 ?72,845 r6 11.21%, 4.62% 1.7~"': Downtown 1,127,908 1;45:,234 12:1,327 9.29°/ 14.09°i~ 7.04'1:, Downtown Extension ; ; 8,51 5 117,825 -690 -0.58'% 3.?9%, 0.5? UHGID (the "hill") 276,468 27;,815 -4,653 -1.68'% 2.64% 1.32% East Downtown 191,528 1"/"1,170 -14,358 -7.50% -3.43% 0.86% N. 18th St.Commcrcial 1,18$,$63 1,136,135 -49,428 -4.17% 0.05% 5.51% N. Broadway Annex 97,451 126,043 28,592 29.34% 35.03% 0.61% UnivelsityofColorado 284,997 288,860 3,863 1.36% 5.81% 1.40% Bascmar 305,54$ 523,771 218,222 71.42% 78.96% 2.54% BVRC-Boulder Vailcy Regional Center 4,248,520 3,816,719 -431,801 -10.16% -fi,21% 18.52% 29th Street 1,051,357 1,356,775 305,419 29.05% 34.73% 6.58% 'PablcMcsa 540,926 884;182 13,256 2.45% 6.96% 2.69% The Meadows 290,950 265,040 -25,910 -8.91% -4.90% 1.'19% AllOthcrBoulder 1,442,157 1,022,847 -419,310 -29.08% -25.96% 4.96% Boulder Counq' 226,749 298,957 72,209 31.85'% 37.(4% 1.45% Metro Denver 857, } 83 819,550 -37,633 -4.39% -0.18% 3.98% Colorado All Other 33,240 40,115 6,875 20.68% ° ° 25.99/0 0.19/0 Out of State 2,003,971 I ,927,704 -76,267 -3.81 % 0.43% 9.36% Airport 2,294 2,789 495 21.60% 26.95% 0,01% Gunbarrellndustriul 729,511 1,459,848 730,034 100.07% 108.87% '1.08% Gunbarrcl Commercial 239,314 239,042 -272 -0.11 °ro 4.28% 1.16% PcarlStrectMall 485,303 482,194 -3,109 -0.64% 3.73% 2.34% Boulder Industrial 1,914,793 1,615,831 -298,962 -15.61% -11.90% 7.84% Unlicensed Receipts -62,878 394,924 457,802 -72$.08% -755,70% 1.92% County Clcrl: 571,926 514,976 -56,950 -9.96°6 -h.00% 2.50% PubliCUtili:ics 1,48Lf,0% I,~%6,08O -5,526 -0.37% 4.01'% 7.16% Reflntds -40,304 -47.951 -7,648 18.98°/n 24 21%> -0 21% Total Sales and Usc'1?tx 2(1,076,873 20,(05,015 528,142 2.6? % 7.15% 100.00% i11,1RGI1'YT'll Actual nC- %n ChallgC III I Yiisccllaucnus Tax Statistics 'I;[i7 2008 Revt:nuc ' 1-Dial Poor: Savicc'fax 106.1 li :19;171 13,3!•.] 12.59"~ 12.>s;~ Al:conlnrodalio•IS T::x 587,719 0,31,9.'.5 4,216 ;.52^n, Admissions'hax 73,819 125,254 5],435 69.68% 69.68°i° Liccuse Few 6,925 6,150 2S 0.3Gio U.36io Trash Tax 27,178 336,828 309,650 1139.34% 1 139.34% Tzx ey ate ~sr`Ory TOTAL CITI' SALES AND USE TAX COLLECT70N5 ~ I I 96han gcin REVENUE CATEGORY YEAR JAN FEB 'MAR 'PPR MAY. ,JUN JUL _ OcT NOV OEC l'axalz Salzs RE7A7!-St.1.E5-TAX _ _c?0' ; doG7.S2<~, <,<89.25?.~ E,2ai377j 4.535,634 4,924-2011 6,'90,^xC-_4463, F:6:i 54»0,5901 5,688,5731 4,752.^761 4,S"B,ESf~c622,3[; 7' 62669P.x . _ 2302 536.7637 3.403.9~<~ 4.959.202 4544.590. a,E82.3~3; 5,663.<,4. 4.381.120 725.30`1 5.5,0.0491 x.169959' 43.5,.':.' r,7 u~•6 r2_~. ~."1 -739%. _ ~ 2303 I 3.972,311 3.574,9551 5.755, :3E; 4093.668 4,264729 5.232.3181 4,167-E86 4,EE 3.992; 517'.9E1~ 4,268.7?3 e.245,92<I S.9G0~175 S1,P.7:,489 ~.94'y RaeChg326'/0°>347% _ 2001 i 4.394.:36 a,t70A67i 5.321.0511 <.339.594 4x5: 055 5.340.555 4.333178 474p 658 SS4 .8DSI x,450 731 4,5.8.F29~ 0'.602.036_ 56,229.844 1.45% Ra~.e 3.7+',< 2005 <.255.Oa • 4,453 370 0 132 ?o?~_ 353 -<6 4,576,864 5,535,196 4,494 0 9 S 01 9 5,55 ,9?6 4,541.790 x '69.'0 JI 6.932 925 59.708,683 254% - 2006 473A,2a9~_a_6d5,4365.5372'0 _ 4659x58 x882,331 __6,129.363 x,737773 57377 7 6.'56.056 4,S5q:-,O$ <367647 79x• 67E 63949446] 7.10$ Rate Ch; 3.."°ic>35E".5-- 2007 -'+8,3531 6,0'a,E_5 6.9t8,<2t{ 5,132,_045 S,SCO.TOt 6,772,841 5.565,377 6,393,028 E.95x,377 5,74 7.963 5.695,703---84i'48e 73.16.5.970x1--_ 9-59% Race C^g356S:>381%___ 2008 S. 197 COOL 5.5.105,7091 6.005,946! 16,308.455 76.73% Ge trao-, prior year (tlomn) ~ 6.01%I 6.22%I -937R' -100.00%, •166.00°ro •!00.00% -7 W.C0"/° -100.00%, -100.00% -100.00% •s00 OC°a ~t00.U0%--_- C~a~Sefraa~ptio[year(YTD) I I 6.07%1 6.15i> -0.15°F; -2325% -385015 -50.50% -5740% c'3.2T/° -68,06% -77.•7°/, -7371% -76.73% CON_S_UMER USE TAX 200! I 1,765,937 899.'231 771,836 908,629 889.197 1427,618 1.077,667 975,777 955.683 _',4!5.769, 748748 1,090.5561 13259.451 2002 776.462 565.976' ' 25?.600. 783,956 497,737 7,091,779 808,"s 99 C•7?.098 6x8,455 7E7.543 628.92E 1,?53.296 5,627.5;6 -27.39°;° _ _2003 798.157 517,559; 836,398 877,962 796286 962.785 655,799 819.164 914,869 f:3` 455 1,645.637. 1,652.566 9,903,532 2.87% Pale Chg 3.26%>3.<1%. 2004 980,229 6ES,C'B~ 839.453 742,652 724.614 866.971 6'0.974 322.40; 9x1,990 728.634 750.971 1.18'.!76 10,215.625 _ •1.59°/. Ra:e34t1 7-C"5 427,887 507,036 951,085 t.076,6'4~ '..103,592 1,00',048 864,720 788,465 ',031,030 756,Si3t' 9584'07^ +-2x8.300 '.130,'40 8.95% 2006 68fi,686, 577,?Ot ',277,;48 577,1x4; 954.529 781 362 895.403 77"0.258 ',054,698 ]27,776 t.09271e 1,287,757 10,637,482 1x35: Rate Chg J.•~t7.>3.58% 27:;7 763,650 574.006 975.n8 722,658: 733,196 856,072 975,45E 652,50' 923.667 732.463 716.317 ?5)5,908 10,203,072 -873% RateChy3.56%>3.41',~ 2D08 81b,03x 991,472 1'09_16^ 2.918,661 -7.0_,11% Change from pr:ar y=_ar (Man1h) 11.83% 80.339 7874% ~100.IX1%~ •t CC.00'b -1 OO.OC% 100.00°i° -100.00% 'OC.GO:o -100 00! '00.00% -100.00% Cnangc iro?~pr~.or yoar (YTD) 1783% x1.22% 3'. 75 is ' 0.38%' -19.15% -34.14% -45.61% 5'.28% -5755% ~E-: 484F~ -64.68°!° -70.14% ~ I - CONSTRUC710NUSETAX 2001 I 79'496 33'379 282,392 442.587 798.124 s87,?•x3 _ 227,009 _ 3':433 47+.446 3'9.093 794.510 '667931 2,9x1,850 _ ~ --2002 214,070 x•655? 215..384 7,18'.c'05 !05.374 19?,7451 158,4731 1672'31 ''67,454 364.065 4,7]7,773 41.81% 2003 701 x49 127,585 +38559,, 238.2x6. 415,756 675.308 220,4;3 259.9<6I 239,337' 1F1.9:3! [92,983 365.--15~-3756.653 :TV.9a?6 Ra!e Ghg3.^<5%>3.41% 2004 210,3831 33 F.,'x8 347x87 490.428' 229.416 181732 20x,857 '55.409 272,299 113193] 2384591 2&:.087 3.048.978 7^,50% Ra.e341% j 2705 9?2,585f 782,5<0 28r,fC5 46'..878• 456,073 3'.3,'.9'7 786.408 235,306 242.503_ 275,2471 268.'04 57x.975 5,597,686 83.59% I 2003 ~ _'97,253 337,3as 420.749 294.09a~ 337,237 77x.420 752,5331 2'ot,x09~ 343,7x9 553,975 416.959 ',018.272 5.367,00:1 -5.28°6 Rae 103 >3. E;F ~0 I_ c 43 8 _ e r_4 --._-,_-_I a 7 347 E5C --_7^1f- 293,051' 62.,4!3 430,207 1,119.425 259,2'26 x2',376 286.524 316,976_ 2.53,590 _4.874.755 _ -'3.02% R eCh 3..5('r 3415' 20D8 3300B0~ 347,214, 748,549 - - - - - - ~ I !,425.847 -59.08°~° } n _ g F _ ~ 4211 537 E5'„ 'UO CNk •700.00% -10000% 100.00'/, 0.00! -'-00,000 00 C0% -i0U 0,, •10.0.0:91 I a. a rorr r.~-: ea'(MOnth-_. - t-- _ - _ . G^a^9efroT pr rvear(YTD,) --_-_L--- 756~F 1C 32% x7707: 42.31ib -70.73% -29.04x° •53.73% 57.16'. -61,87% ~5a.42% -67.35°n~ ---.69.U8'6~---- - - I I _ TOTAL FOR MONTH d CHANGE FROM PREYlOUS YEAR (MONTH 8 YTD) I 200 t I 6.' 1 < _ -S1r-.151 5,.19,?56 9'91,503 571,,,4701 5.91+,5's 7.804901E 5,702,38! 6,127,295 7.315,641 6,526,328 5,46'.sC9 8,079.156 r8.8i7,i53 xD02 ~ c ' t _ _ - < 61 ~,O..S.x49 6.53x,94 5,771,733; 5.334,99' 7.378.11331 5,385.493 5,59x,139 6,376,917 5,703,725 51" 931 7.E?0.79 77.52x,396 -5.3?'/, 2001 I 4,774,32E 451x,^99 E.030_093 209.<77~ 5,466,?7' S.870,<'0 5,64x,697 5,743,101 6,326.768 5.08558' 5,585.538 7,380,897 68.031,774 -4.88% Rase Chg 326Y.>3At% 200^._1 5.534.7.:8 5.m 533 c"".6,3,537 5.572.712' 5.x75.065 5,399.22 5.348,853 5,827,x68 6.697,x93 5.298,647 5,508.059 8,05'0.899 7;,494,448 047% _Ratc3?I°S 20;;5 5,995.573 5,742,946 6.x77.340 5,831,5181 Q136.529 744gd4t 5.545207 6.031,152 6.927.x<5 5.576,974 8,0'15277 8.69F204 76.x3.5,545 6.91% 2006 5.61b.199i S,xg3,878 7,235.1x61 5.530.655 5,164,C9C> 7.685.1 d5 5,985,709 6,275.421 7.554500 6238.656 5.99'-030 10,197; Yi6) 73,Fd3.326 a.5"<% Rate Chg34t°6>3.56% 200] 6,175.081 5,936.481 .:,0056'51 _6,747768 6,855.37' 6.001,120 7,660,252 730x,754 P.,299.42C 6.766,95'. 6,788.999 t0,1.4C.992~ 88.182.732_____ 5.7395 Ratec.",83.56%>3.d1% 2008 6.345 513 6p43 BCOI 7.b63.65a ~ 0. 0 0 C 0 0 0 0~ ~ ~ ZC C 12,367 -75.55% 2001 •2.981 •78,930 •20.47x1 -27,860: -7,016 -x47 -3,486 -8.226 -3,7.79, -5.182 C' -5.8391-~- - 'S7 'g0 ~c>SRdw'.d5 2002 •1,154 _ -230 •73.'36 0~ -3.239 •13,393 -527 •10.222 -127,204 -'7.!,896 •1.548 •10.065 •197.216 Lcss Fciu: ds 2003 •34,330 -8.827 7.078 -13x,798' -47,772 -76,328 -x22 5"" -69'64 -3.779 •579 •46.599 -424.2?2 2004 •1.343 -t Q505 •636 •872: -5.963 -151 -1,299 -A.ga3 -241 -27,319 -5,758 -4.3:0 -63,051 .COS -246 -66.G4< -909 •2.666! ~±_647 •!0006 -3.052 -x,207 •846` -1,586 __0 -1,157 •96,051 2006 -40.302 •5.272 •22.761 •363; -5.045 D 0 -?.568 -8(16 -5,947 •406 -16.773 -105296 _ 2007 ~ D -38.291 •2.073 -729'. -9.326 -74.547 -14 440 •677 0 -5.963 0 -5,075 9+.001 ess Refu~dS _ 2008 _974 x6,574- _ _ _ _ _ _ _ _ ! -4%,957 Adjusted total 2001 j 6.311.976 a e",826 a 177 429 5687,550 5370,439 7,804,456 5698,895 6.t 79059 7.312.362 6.527,146 5!161-'^_ 073 3 78,7'3.37:1 - i YJ02 I_ 5+E9,062 50.x,2 9 65< .259 S.rlt,!33 5.391..?52 7,922.848 5.384,987 5,6839177 6.255,73 5,08 826 5,•C.39a 7,8001051 7.327,181 -9.35% 2003 , 4.740,591 4,565272 6.023.0'S~ 507:,x79 ~ 542x,998 fi,794.082 5.04x,475 5.742.W5 6,257,023 5.05_.802 5.5_8x.9::9 7,331.2981 67,607,522 •5.21°5 Rate Cho 3.::65'i>3.i1% 2006 5,583.4057 5761.728 6,f:133541 S.S71.840~ 5409,'21 6.369,110 5,3x7.554 5,822.8251 6,636.8x91 °,27.,329 5.502,307 _ 9.062.5691 11,47.386 1,01% Rate 341% 2005 ~ 5.955,?6F.j 5,575.902 6,47;63' 5829,852; 6.73<,882 7,439361 5.547.,1x5 6.032:946 6.926.503 5575,?d8 6.026.27: !!,fi9'e46 76.340,493 6.87% ! 2006 5.577,89625.458.506 2'2,385 5,530,3331 6.'79.996 7,685.745 5,985,709 6 267,656 7.553,694 F ?32.'-0 5.840.624 •q,18Q273 79.783,631 4,51% R to Chg3.:+"F?3.SE7:_ 2701 ` F.'%i,^.81~ 5.899,190 8003,EC2 "47•,C39'~ 6,845.564 7,986,572 7,665.812 7,?'+a.077 8,299.E20 5,766;9881 6,768959 10,235.567 68,051.737 5.75k 2008 6,344,5361 6.443.800 i.8'~6,fiE^. 0~ _ 0 C _ 0 0 _ 0 0 _ _ _0 _ _0 20,605.015 .75.58'6 ":^^4^ge (^.cn'h) tI 7.26%; 14.06% 7,9s°a 1C0.^,CN. -'OC GO% •70000%, -?00.00% -100.00°k ;:::;-00% '00.00'/, •10000°4 =00.00% S;Cnangeh'7T)1 - I 7.T6g:I 1058% 7.'. 5%: 1707%. -3<.99 Y, -476t'~, 4693`,5 -6•.59".6 Sfi.55% -E 9.73% •7237k -l S,S9% usr. SA1.Es COMPARISON Ol' YEAR-TO-DA'Pk; AC"PURL RCVENUE FOR THE PEAR 2008 TO COMPARABLE PERIOD IN 2007 The sans lex role dcc:cascd f':o~n 1.56% ir: 2007 tc ..-s ~I"/: n 2005 1151:'1 AX B1' CA'1'I;GOR1' SALP:S TAX 61' CATEGORI' Chang in Ac!a,tl ;1chi;d Change in> h~mg:. Ca:;:uitr.:n Coriu?ar'rbie taiant~c in Chau~c u; un,pfitrbia Ears 1 (rci{Ici.iiun> Standard htdustrial Code 1)r!l::rs - I'erctatte u C riltcctions' '~,L7,1 n,' _ Lb28 ;L-;"~9-(. I-..~•1'~f, i~oodS!ores :.?4=1,911? _-1"';•;.210 -26(,,09? 't;~.,~ -~.:'a"/o 24,1711 G5; 701 41,531 171.83°iE. In3.79`i'o Eating Piaccs 2.372,757 2,5:0,796 138,009 5.821 10.41 15,362 10,855 -4,507 -29.34% -26.23% Apparel Stores 164,995 564,859 -136 -0.02% 4.37"/0 5,503 2,345 -3,107 -56.47% -54.56% Home Furnishings 649,493 629,506 -19,987 -3.OR% 1.19% 225,805 311,838 86,033 38.10% 44.18'% General ketail 1,810,552 3,885,9)4 75,362 1.98% 6.46% 57,832 68,849 11,018 19.05% 24.29%" 't'ransportation/Utilities 2,066,353 2,034,340 -32,043 -1.55% 2.78% 579,829 521,621 -58,208 -10.04% -G.OR°/, Automotive Trade 915,785 766,049 -149,737 -16.35% -12.67"/0 4,329 4,403 74 L7l% 11.19% Building Material-Retail 608,971 607,544 -1,427 •0.23% 4.15% 915,135 1,106,189 191,054 20.88% 26.1'1`% Construction Use Tax 0 0 0 na na U 0 0 na na Construction Sales Tax 105,216 84,503 -20,713 -19.69% -16.15% 14,529 28,531 14,002 96.37% ;05.00°/" Consumer L-lectronics 615,58! 523,353 -92,228 -14.98% -11.24% 521,437 9'•3,904 452,467 86.77`% 9~i99% Computer RelatedBusincss 642,843 447,73~i -1)5,110 -30.35% =17.29% 682,634 1,"129,37:1 546,739 86.09%. 88.01°~~ All Other 1.953.875 1.775.64'1 -178,228 -9.12% -5.12% 3,1165,7$8 4,344,512 1,278,724 41.'1 l 47J4'% Total Sales and Use Tax 17,051,389 16,308,455 -742934 -4.36'% -U. i 5'% USE TAX 131' C'.ATF,Gn121' SALES 7'AX 13Y CATEC;OI2Y 111\RC1I3'Ti)A. ii-=; ~ d;'i';" ctutil 1~,Ctifal -t~halt-fit: itt ;~GIU i!I t 17,ai]!,C in.. (-n fn~~e in C:c}rnparable ('h::ngc iu r 6 f r-:r<ti+li: 1 esccnta~:e C:bIlecUOrt_r- Geographic Code l){:Ilars 1?cr nta.~e `_oil:i:;tiims' i i~Sl~~ I `,~1r_~ =.~U6 qF,". - ~ 2~~b North Broadway ? ~ ,4 7 I ~ ~ ~44? 5,97= _ ~ ~ 6_3°, 83,291 2211,071 :42,'75 17:.4:% 18335%> Downtown 1.24,6.3 1,221,1 ~4 -19,449 -1.16°1; 2."i7°/u 1,273 3,146 1,874 147.23% 158.10'%, UovmtownExtcnsion 1!;,242 114,678 -2,564 -2.19ic 2.12% 2,426 3,734 1,313 54.14°/ 60.92% U11GID (the "hill") 274,042 268,076 -5,966 -2.18% 2.13% 27,160 25,492 -1,668 -6.14% -2.01'%, East Downtown 164,368 151,678 -12,690 -7.72% -3.66% 14,461 16,171 1,710 11.82% 16.74°/ N. 28th St. Commercial 1,171,102 1,119,964 -51,138 -4.37% -0.16% 16,092 39,663 23,571 146.48% 157.32°/, N. Broadway Annex 81,359 86,380 5,021 6.17% 10.84% 12,502 5,562 -6,940 -55.51% -53.55% University of Colorado 272,49.5 253,298 10,803 3.96% 8.54% 3,301 218,1 i 3 214,813 6508.49% 6799.19% Bascmar 302,248 305,657 3,41 U 1.13% 5.58% 125,650 117,812 -7,837 -6.24% -'L.] 1% BVRC 4,122,871 3,698,907 -423,964 -10.28% -6.34% 22,072 28,961 6,889 31.21% 36.98% 29th Street 1,029,285 1,327,815 298,530 29.00% 34.68% 35,674 35,738 64 0.18% 4.58% 't'able Mesa 505,252 518,444 13,192 2.61% 7.12°/u 7,646 2,361 -5,285 -69.12"/0 -67.76'% The Meadows 283,303 262,678 -20,625 -7.28"/0 -3.20% 736,743 521,852 -214,$91 -29.17% -26.05% All Other Boulder 705,414 500,995 -204,420 -'18.98% -25.85% 52,757 109,073 56,316 106.74% 115.84% Boulder County 173,991 189,884 15,843 9.13"/0 13.94% 96,483 74,443 -22,040 -22.84% -19.45°~~ Metro Denver 760,700 745,107 -15,593 -2.05% 2.26% 3,963 20,482 16,519 416.77"/ 439.50% Colorado All Other 29,276 19,633 -9,644 -32.94% -29.99% 125,992 103,820 -22,173 -17.61)% -13.9,'•"/ Out of State 1,877,979 1,823,885 -54,094 -2.88% 1.39% 956 44 -912 na -95.Ifi% Airport ':,338 2,745 1,407 na 114.20%" 589,807 1,250,225 660,418 111.97% 12L30% Gunbacrellndust.ria: 139,704 209,320 69,616 49.83% 56.42% 676 SG3 -I 13 -16.69"/0 -13.02.% Gunbarrel Commercial 7?8,639 238,479 -159 -0.07% 4.33% 7,2.66 2,850 -4,416 -60.78% -59.05% Pearl Street Mall 478,037 479,344 1,307 0.27% 4.68% 606,391 607,480 I,U89 0.18% 4.59% Boulderlndustrial 1,308,401 1,008,351 -300,050 -22.93% -19.54% 129,503 353,591 483,094 -373.04% -385.05% Unlicensed Rcccipc; E,6,625 41,333 -25,292 -37.96% -35.23'% 5"11,926 514,976 -56,950 -996% -6.00"/ County Clerk U 0 0 t1DIV/0! na 29,972 46,882 16,91 I 56,42% 63.30% Public Utilities 1.451.635 1.41.9.198 -27.,437 -1.55% 2.79% 3,065,788 4,344,512 1,278,724 41.71% 47-94"/° "Total Sates and Use Tax 17,051,389 16.308,455 -742,935 -4.36"/c -0.15°u Sates Tax Revenues Generated in CAG/D (Excluding fhe Mall) by SIC Code Apparel Home Gen. Auto. GRAND Food Stores Eatin Places Stares Furnish. Merchandise Trans ort. Construction All Others TOTAL 2006 (sates tax rate of 3.41 % ) January 3,337 182.044 31.959 17,178 95.535 840 102 19,977 350,972 Febr,~ary 2,090 192.828 31,016 15,4'5 84.969 840 26,318 353,475 March 2,423 212.085 36,641 23,790 '22.822 99G 481 58,678 457,916 APhI 2,717 214.439 40.107 16,675 104.208 998 - 28,258 407.402 May 1,934 227,176 45,175 19,740 119.788 1,196 - 29.683 44x,690 June 3,904 225.077 41.721 22,937 164.020 1.309 547 52,971 512,487 Ju'.Y 3.031 ?32,331 38,170 17,552 125.271 1,?62 - 29,916 447.533 Avyust 3,019 239,643 51.337 16,017 139.4G7 1,165 - 28.058 478,646 September 2,802 248,694 46,283 23,775 131,169 1.707 1,045 55,369 510,843 October 2,739 24',273 56,x42 17,082 114,510 968 (460) 27.152 459.707 November 2,430 165 674 33,391 15,730 40,574 740 - 24,594 283.133 December - 248,572 x8,532 35,b45 ?47,977 1,451 336 64,523 646.636 2006 TOTAL 30,425 2,629,435 500.774 241,536 1,490,249 13,472 2,052 445,497 5,353 439 2007 (sales tax rate of 3.56°k) January 5,068 178.895 33,280 16.344 86,650 2,479 - 23,567 34(1,303 February 2,407 210.151 39,787 19,493 92.533 927 - 19,650 384,949 March 3, i 17 237,860 46.523 25.102 ' 28.816 3,533 7,220 61,189 513,361 April 3,230 240,593 38,47$ 22,121 99,186 1,090 1,252 23,960 429.910 May 3.491 253.580 54.515 19.907 127,980 1,367 - 29,347 490,189 June 3,380 249.813 4x,128 20.602 175.009 3.329 ;,166 59,542 556.969 JuIY 3.619 232,214 32,673 17,078 135.947 1.607 - 31,587 454,7'25 August 3,650 243,559 59,580 22,308 139,013 1.584 - 30,897 500.591 September 3,314 290,527 51.099 21,051 148,264 3,360 701 49,536 567.853 October 3,4;1 239,006 51.431 23,520 125,210 1.550 - 34.244 478372 Noverahcr 1,679 206.206 36.336 20.569 124,517 3,005 - 24.547 416,857 Dere^iher - 224,085 49,897 29,721 189,197 3,586 552 68.780 565,818 2007 TOTAL 36,386 2,806,490 537.726 257,817 1,572,322 27,418 10,892 456,846 5.705,896 2008 (sales tax rate of 3.41 % ) January - 195,735 32,879 14,001 107,150 1,595 16 28.413 377,788 February - 209.003 30.859 15.?'Il 103.655 1,762 1,138 32,374 3'34,061 March - 245,349 32.883 17.680 111,200 1,773 584 43,8x7 453.315 April - _ - - _ _ - - May - - - - - - - - June _ _ _ _ _ _ - _ _ July - - - - - - - - - August _ _ _ _ _ _ - _ _ September _ _ _ _ _ _ _ October _ _ _ _ _ _ _ - November _ _ _ _ _ - _ _ _ December _ _ _ _ _ _ 2008 TOTAL - 650,087 96,620 46,952 322.005 5.129 1.738 102,634 1.225.164 Total % Change from 2005-2006 -8.96°k 8.49 % -0.65% -0.57% 5.26%, 9.73% 97.61°h 41.78% 8.21°h Total % Change from 2006-2007 14.55% 2.24% 2.85% 2.24% 1.06°~ 94.94% 408.55% -1.77% 2.09°k Total % Change from 2007-2008 -100.00 % 3.70% -19.21% -22.95% 4.55°k -26.09 % -75.93°!° -1.70 % -1.56% Change from previous ear month -100.00% 3.15% -29.32% -29.57% -13.68% -49.83% -91.91°k -28.34% -11.70°,6 NOTES: Percentage chanye calculations for 2007 were adjusted to eliminate the impact of the increase in the sales/use tax rate. The decrease in the sales tax rate for 2008 was not adjusted for the percent change. S:\CMO\DUHMDPS1dmc',BUDGET DJIGEOB~SIC Sales and Use Tax Revenues Generated in CAGID (Excluding the Mal!) by S(C Code Food Apparel Home Gen. Auto. GRAND Stores Eatln Places Stores Furnish. MercYandise Trans Trans rt. Constructlon All Others TOTAL 7005 sales tax rate of 3.47% Janca 2.380 165,291 28.825 73.315 4x.678 825 39.370 77.621 3x6.306 Februa• 2.668 180.637 30.302 7 959 85,688 786 170099 9296 x»8,43» March 2.679 195.258 38663 n.e6'r 770.058 213 Bat 6.575 60.882 »32.775 '~i 2.823 203.171 38,785 24.20a 97,725 886 6.830 22.816 397.2»» Ma 3.037 211,355 x6.307 15.940 709,519 1.088 70279 72.358 469.822 J--e 2 867 218,537 42.21a 24.067 1.:«,076 163 1,04e 16.993 58.335 508.7x0 Jul 3.718 2C7,a25 x4,730 72.188 1t9.6E4 1.78» 9.837 29.386 427.552 A..cust 3.639 231.072 49,552 78.2E4 777,757 1.7x7 '/.869 26.C31 x64,155 Se tember 2.592 23',473 45853 32,953 136.'6C 150 1,116 3,039 60.609 51x283 October 3.006 226,075 44,211 16,917 77.605 1.0<<"3 2,900 24,762 »30.302 Ncverooer 2.643 176.52» 45.462 75.257 7ta,0s2 SB2 «x37 25.473 364.5°0 December 2.23» 217.728 43,882 35,73C 797,483 127 843 7.19' 99.230 604.!49 2005 TOTAL 33433 2,465,1:6 504,625 1.40,680 1627,003 653 7'.556 235.206 440.740 5.368.751 2006 sales tax rate of 3.41•/. Janua 3.337 184.343 31.959 '7.4;7 95.774 840 7,779 27.4x2 356.951 Februa. 2.094 795.11a 37,076 15,733 8» c69 840 6.253 32,806 366,83C Ma'c° 2,426 274,685 36,641 24.C4.5 722.822 68 939 »5.259 81.1»4 528,1.30 A nl 2.777 218663 40.7C7 t6.E33 ~ '0».312 996 28.862 31.821 44a.S t3 M^' 1,537 230.432 45.1)5 2Q.Oa3 779.868 - 7,196 14.330 135.930 568,910 Ju^u 3.910 228.730 41,72' 23.201 t6».709 87 7.230 9.726 73.864 5x6.597 Ju!~ 3.C33 235,236 38,170 17,E62 '75,277 1,262 739.060 32.016 591.771 Au us; 3.079 242.775 51,337 14.423 7x0.027 1.165 8.752 '.00.817 556,255 Se^:embcr 2,802 255,789 46.283 25.»11 '32.106 605 1.111 11.881 76.316 548.30» Oclbbr. 2,7x1 244,372 56.442 17625 727,730 968 13x,070 30.184 613.933 tJUVember 2.430 t68A36 33.391 15.99) C1,15t 740 «3.9C3 '73.720 479,331 Darerbe: 257,5«5 48,532 53.773 248.527 1.747 7,989 7.e66 128,930 748.019 2006 TOTAL 30.453 2.665,067 500.77a 266.044 1,50'+.372 1.908 19.278 «51.281 979.001 6,367,177 2007 sales tax rate of 3.56% .Lnua^: 5.090 781,229 33.280 16.622 86,853 7..778 6 c47 27.486 359.585 Februan 2,»07 212.510 39.787 19.85< 92.945 936 29.294 20.960 4'.&.693 March 3,-33 740,768 46,523 27.318 728.900 2.:'6 7.:30 2:.9ta 76.528 549.630 AArJ 3233 243,278 38.»78 ^263c 99.337 1,050 t9.03t 25.819 452.699 Ma 3x99 259.488 Sa.515 2~,4p9 72E.8a9 1647 4,463 3x.141 506.872 June 3.38» 253429 x4.128 22.062 175.731 1.871 x77 T7.r.3 82.246 602.033 Jul 3,623 235.778 32.673 '7.429 136.347 1.Fp7 16.828 34,182 x77,916 Augsl 3.65» 245.978 59,5$0 22,570 739.348 1,584 7.177 39.132 515.0 18 September 3.318 293,t3a 51.099 27.1/1 7x8666 1.701 7,673 26.026 77,915 618.6x3 October 3,415 2x6,789 51,x37 23.775 725.270 1,550 3.041 42.590 457,803 November 1,679 zpd.696 36,336 20.733 124.829 3.548 2.772 30.440 426.635 Drcamber 226,896 x9.897 3Q299 190.x93 2,028 1.655 7,041 191,616 699,966 2007 TOTAL 3b,432 2.8x7.62°~ 537.726 264559 -.57?.370 9.566 tE 659 162.7x2 677,055 6.137,431 2008 sates tax rate of 3.41 °6 Jan.,a 198,134 32.879 to ii'. '08,222 L595 129.421 35.138 515.559 F?bruar 217 87a 30.859 75,284 704.381 1.762 3.537 T.b.240 393.986 M'e, 269.8'7 32,b83 78,37! 1'7.9x2 20 1.768 96b 102.083 538.450 oI _ Ma _ June Jul - - _ - Auausi _ Se Eember Oapber November _ D=tember 2007 TOTAL 679.825 5&.620 47,826 32x,5a5 20 5.124 133 x24 164.171 7,x57.995 %Chan a from 2004-2005 3.34 % 11.77 % -4.63% 4.11% 2.St % 41.99% 8.42% 105.09°i6 39.49% 10.99% %Chan ofrom2005-2006 $.91% 8.11% -0.76% 6.55% 5.63% 192.34% 65.25% 91.87% 108.51% 18.50% %Chan a from 2006-2007 14.60 % 2.35% 2.85% ~d.75% 0.23 % 380.35 % -5.80% -65.56% -29.43°k -7.67% %Chan a from 2007-2008 -100.00% 7.14% -1921% -25.03 % 510 % -99.19 % 5.77 % ~ 128.32% 31,32% 9.34% %Chan a from previous ear month -100.00% 12,07% •29.32% •32.75% -13.16% -99.19% 56.39°!° -95.78°<I 34.18°k -2.03% NOl ES: Percentage chance calcu otions fcr 2007 were adjusted to eliminate the impact of the increase r the sales/use tax rate. The decrease in the sales tax rate for 2008 was not adjusted for the percent Change. 5:\CMO'.D l1riMDP5ldmctBUDGET DJ\GEOBYSIC Sates Tax Revenues Generated on the Downtown MaIJ by SIC Code Food Eating Apparel Home Gen_ Auto. Stores Places Stores Furnish. Merchandise Trans ort. All Others GRAND TOTAL 2006 safes tax rate of 3.41% Janua 3,322 64,479 27,585 7.446 46.059 - 267 149,158 Februa 5,189 62,570 20,590 7,416 72,255 - 95 168.115 March 4,890 77,934 29,001 8,135 46,166 - 479 166.606 A ril 4,675 87,923 35,559 8,682 67,484 - 319 204,642 Ma 4,432 90.439 38.583 9.668 59.361 - 394 202.877 June 5,070 96,139 39,769 9.435 69,648 316 1,369 221.746 Jul 4,381 105,209 41,028 11,063 69,546 - 424 231.650 Au ust 4,704 98,268 37,160 11,254 75,712 - 573 227.670 September 5,380 87,766 36,409 10.244 69,702 - 2,363 211,864 October 4.707 84,809 23.298 9.724 53.236 2.479 386 178.639 November 4,228 65,538 33,689 27,072 55.163 - 356 186.045 December 7,702 56,828 33,671 25,288 120.679 - 5,721 249.890 2006 TOTAL 58,681 977,902 396,341 145,426 805,011 2,796 12,747 2,398,902 2007 sales tax rate of 3.56% Janua 3,606 68,450 18,338 6,163 39,085 - 481 136.125 Februa 5.214 71.210 19,219 6.618 48,386 - 383 151,030 March 5,156 87,441 28.517 8.033 60,156 - 1,580 190,882 April 4,703 87.907 26,514 8,148 51.321 - 1,527 180.119 Ma 3,001 99.031 28,442 9,743 65,228 - 413 205,859 June 6,562 102,837 40,477 11,063 79,715 - 1.377 242,031 Jul 4,012 108,586 34,779 11,188 82,983 - 6,561 248,109 Au ust 4,166 108,763 36,101 12.445 78,572 - 541 239.506 Se tember 6,174 96,697 37,611 8,707 70.539 - 1.550 221.278 October 4,738 95,707 38,221 10,523 60,476 - 522 210,188 November 4,371 76,139 27,776 14,191 62.887 - 597 185,961 December 7,710 70,302 40,052 28,963 112,628 - 4,343 263,997 2007 TOTAL 59,412 1,073,070 376,049 135,786 811,975 0 18,793 2,475,085 2008 sales tax rate of 3.41 Janua 3.221 67,910 19,463 7,014 42,897 - 555 141,061 Februa 4,664 72,646 23,409 6.947 44,655 - 1,406 153,728 March 4,832 79,716 33,756 8,262 56.540 - 1.451 184,556 A ril _ _ _ _ _ _ _ _ June - _ _ _ _ _ _ _ Jul _ _ _ _ _ _ _ Au ust - _ _ _ _ _ _ _ Se tember - _ _ _ _ _ _ _ October _ _ _ _ _ _ _ _ November _ _ _ _ _ _ _ _ December - - _ _ _ _ _ _ 2008 TOTAL 12,717 220,272 7fi,629 22,223 144,093 0 3,411 479,344 Total % Change from 2005-2006 11.56% 2.95% 5.40% 4.71% 8.87% #DIVlO! 20.98% 5.80% Total % Change from 2006-2007 -3.02% 5.11% -9.12% -10.56% -3.38% -100.00% 41.22% -1.17% Total % Change from 2007-2008 -9.00% -3.01% 15.97% 6.77% -2.39% #DIV/0! 39.54% 0.27% Change from previous year month -6.28% -8.83% 18.37% 2.85% -6.01% #DIV/0! -8.21% -3.31% (VOTES: Percentage change calculations for 2007 were adjusted to eliminate the impact of the increase in the sales/use tax rate. The decrease in the sales tax rate for 2008 was not adjusted for the percent change. s:~cMO~DUHMDFS~dmcl6uDGET DJ~GEOBYSIC Sales and Use Tax Revenues Generated on Tt~e Downtown Mall by SiC Code Food Eating Apparel Home Gen. Stores Places Stores Furnish. Merchandise Trans ort. Construction All Others GRAND TOTAL 2006 sales taz rate of 3.41 °A January 3.329 64.8C9 27,585 7,446 46.128 - 1,270 282 150,850 Februa 5,238 62.860 20,658 7.416 72.363 - 8 150 168,692 March 4,918 78.344 29,001 8,135 46.207 - 119 1,29' 168.0'5 A ril 4,723 88,676 36.043 8.682 67,559 43 1,326 5,884 212,936 Ma 4,548 9;,243 38,583 9,668 59,599 - 3,023 426 207,089 June 5.C89 96.533 40,'70 9.435 69,703 - 65 2x55 223.49 Jut 4,399 105,557 41.028 11.063 69.586 - 875 452 232,960 Au ust 4,714 98,971 37,164 11,254 75,824 - 589 635 229.15 i Se 'ember 5,410 88.146 36,418 10.244 69,767 - 87 2,635 212,707 October 4.724 85,257 23.298 9.724 53.321 - 152 512 176,987 November 4,24q 66.514 33,881 7.7,072 55,X8 - 767 429 188.115 December 7.7C9 57,176 33,707 25,288 120,8C5 - 1,628 6,170 252.484 2006 TOTAL 59045 984085 397536 145426 806072 43 9909 21321 2,423,436 2007 sales tax rate of 3.56% January 3.619 70,149 18,362 6.163 39,119 - 295 586 138.293 Februa 5,221 7'.763 '9,224 6,618 48.47C - x.363 447 153:105 March 5.166 87,823 28.517 8,033 60.235 - 1.994 2,137 193,905 April 4,750 89.C76 26,514 8,148 5',422 - 109 ^..543 181.562 Ma 3,C20 99,498 28,446 9,743 65.314 - 3.033 609 209,663 June 6,573 104,383 40.477 11,063 79.741 - 1.582 2,074 245,893 Jui 4,028 109.64/ 34,779 11.188 83.306 - 183 6,565 249.697 Au ust 4,178 109.073 36,101 12,445 78,668 - 7.832 509 247,788 Se iember 6.178 97,X4 37,611 8,707 70,691 - 134 2.134 222,659 October 4.740 96,424 38,260 10,523 60.598 - 418 1,194 212,157 November 4.375 76,779 29.105 14,191 63,13? - 1,807 692 190.081 December 7,719 71.'.32 40,093 28.963 114,617 - 20C 5,971 268.696 2007 TOTAL 59566 1082951 377491 135786 815311 0 16951 23443 2,513,499 2008 sales tax rate of 3.41% January 3.237 68,838 '9,765 7.014 42.931 - 128 575 142,489 Feorua 4.668 72.868 23,413 6.947 44.714 - 34 1,580 154.225 March 4,844 80,004 33,772 8.262 56,599 - 84 1.916 185.480 A ril _ _ _ _ - - - - 0 Merv - - - - - - - - 0 June _ _ _ - - - - 0 Ju! - - - - - - - - 0 Au ust _ _ _ _ - - - - 0 Se tember _ _ _ _ _ - - - 0 October _ _ _ _ - - - 0 November _ _ _ _ _ _ _ _ 0 December _ _ _ _ _ - - - 0 2008 TOTAL 12749 221711 T6950 22223 144244 0 246 4071 482,194 Change from 2005-2006 11.36% 2.89% 5.62% 4.31% 8.83% -12.61% -18.94% 47.33% 4.38% Change from 2006-2007 -3.37% 5.41 % -9.04% -10.56% -3.12% -100.00% 83.18% 5.32% -0.65% Change from 2007-2008 -8.97% -3.49% 16.41% 6.77% -2.42% #DIV10! -93.28% 28.46% -0.64% Change from previous year month -6.24% -8.90% 18.43% 2.85% -6.04% #DIViO! -95.81% -10.31% -4.34% NOTES: Percentage change calculations for 2007 were adjusted to eliminate the impact of the increase in the sales/use tax rate. The decrease in the sales tax rate for 2008 was not adjusted for the percent change. S:1CMOIDUHMDPS1dmc\BUDGET DJ\GEOBYSIC GGq end Metl Ywrty Summary Thfs cfmrt does mt faACr dmrge n rlp lax rate Oily W {do Yyrly Swmury SALES •nd USE 7u Breakdown by 1nd7mIIy Cebgory GGIO 9alw and Uw Tu w s P•rcaru of Tohi CNy 1HId• 3•k• •nd Uae Tu Fu«f Eating Appsrol Hortw General Eating Apprrol Homo Wrrral Stoma Poop Stoma Furniattinga Much All Otrror 7ornl %cha~ge Food Story Pisces Stores FurnbMngs March All Other Tote) IAa=;a 412.749 $9C?,5:65 5+73,577 370,649 5648788 5307.95 37.534165 11er-08 $2,496,66? 52.578,496 557.;,714 51.163,786 3<,;87,752 50,572.205 520,605,015 t% 47% D% d% 24% t6% 7CU% 35% 30% 6% 11% 3% 9d% <'007 895.898 33,930,574 5915,216 SaW.3a5 52.392,682 EBtQlt6 38,664,930 -159% 2007 511.205.584 310,888,!35 32,606,311 55.522,D00 S'B,WU,'S7 539,631.659 504,067,731 1% 45% 11% 5% 28% 17% 100% 1% 36% 33% 13% 2Yn 98% 7006 SBp.698 83,669.151 389t,:itU 3411,477 $2,313,444 51.422,740 56,784613 14.67% 7606 510,302.066 39,542,212 32,426.6D4 56,671,056 515,402,560 537,3>1 O6C 575,783.631 1% 42% 10% 5% 26% t6% 700% i% 38% 37% 9% 15% 4% 11.0% 2005 588,x54 53,421,678 5887,002 3346,093 52,767,694 5715,009 37,660.868 >.81% 7005 510,046,123 30,995,868 32,36_'+,366 Sa s65,798 514,587,419 235,882.350 378.3x0,492 1% 45% 72% 5% ?.8% 9% 100% 1% 38% 37% 9% 15% 2% 100% 2004 583.887 53,;4;,620 5994,648 5393,012 32,060.921 3693,1 t0 37,106.198 1.35% 2004 310,t4B.481 58,637,774 32232,147 54.118.31? 516,123,007 332,!77,342 371 431,387 t% 44% 13% 73% 289E T% 100% 1% 36% at% f0% 15% 2% 09% 2003 574,145 52,742,867 4845,!80 1380.356 S?,973,549 5086.4)9 37.C11.57< •2.78% 2003 39,052,658 57,447,285 12.068,951 33.522,5x9 S;3,i 85,423 537,552.637 467.807,503 1% 39% t2% 6% 24% 7<% 100% 1% 35% 47% f0% 15% 3% '.04% 2002 572,607 52.854,183 5475,750 546x.839 32,008,573 5936.302 57,217.736 o.Q% 2002 59,294,397 58,133,237 ;2,346,305 34,1&1.99? 513,572.651 233,815.600 571.327,182 1% 40% 12% 6% 28% :3% tOG% 1% 35% 3T% 11% 15% 3% 10 t% 2007 576,359 52,853,126 $972,296 3688,348 52.064,510 5727228 57.181,876 x.119. 2001 89,312676 54,364,;00 32.6x6,021 54,537,172 S?5,553,807 338,270.526 378.713,332 i% 40% 14% 7% 29% 1v% 100% 1% 34% 37% 11% 13% 2% 91% 2000 572,675 57,760,325 51,757,122 3539,287 32,156,967 5082408 57,666.1)66 7.769E 20W 3$660.010 38,64<,6U1 13.1:9,262 55,815.784 3!7,887,?11 5:76269.737 540.197,57 1% 36% 15% 7% 28% 13% 100% t% 32% 37% 9% 12% 3% 95% 1999 SHt,e78 52,333,%44 SL779.320 5463,473 52,066,272 5934,543 47,099279 11.82% 1859 50,207.721 $7,790,648 133,•'0.9;6 35,553219 877.008,884 533,893.106 $78.816.04 1% 33% tT% 7% 29% 73% 100% 1% 30% 35% 9% 12% 3% 02% 7998 590,134 52.1.50,351 31.090.880 5438,;27 51,756,31; 4834265 38,3W,047 8.35°7: 1989 58,932,097 57.660,096 53,2°.1',729 33,570,648 315.736,/40 $J0,637,106 569.597,8! t% 34% :7% 7% 28% 13% 700% t% 28% 3a% 12% 11% 3% 91X 1567 30H,373 52.027,812 $788.008 5623,586 51,944,035 3697,436 5.:,080,247 5.545 1097 37,739,779 5&.78),237 32,)51.016 53,129,089 315,<3B.18s 428,494,047 $84,380, 2% 34% t3% 7% 33% 72% 100% t% 30% 28% 74% t3% 2% 93% !586 598,564 51.885,026 3734.aJ5 5636,004 52,017,407 5479,907 $5,666,237 8.9996 7886 57,611,055 S6,B;g58t 32Jn.1aA 32,862,572 515.711 &SO 575.875.5 7B Se 5757. 2% 33% 73% 8% 3G% 8% 1CA% t% 25% ?74, 15% •3% 2% 87X '995 492,49% 31.72<,770 5568726 5392,985 51,731,611 582f!,D19 55151,506 8.88'1. 2% 33% ;1% 4% 34% 17% '0096 'B9•t SB3 ]38 31.5:8,673 358/,830 Ee44,251 31700,76'9 3<7G,H21 56,678,522 2% 32% 12% OX 35% 10% 100% CAGq emu W U YwAy Summery Nb dmrt dom not factor c1mr10• it amba 18%rate SALES Tax Breakdown dY Ildwtry CaGpory Fuud ERing AlWuel Morro Gueual Stoma Plawa Story Fumiahings March al alror TOtei %c'ronge Var-00 5127'7 5870,358 S1T3,24H 569,174 5408,097 5712.911 51,706.508 t% 51% 10% a%<7% 7% 100% 2007 595,788 33,67H,561 3513,/75 4393,603 52,384,266 5513.e4A 58,180.981 S.SI% 1% 47% 19X 5% 29% 616 100% 2706 589.708 53,607,336 3697,115 5386,862 52,295,259 3473,767 37,7<9.546 7.41% 1% 47% 12% 5% 30% 6% 100% 7905 568,010 53,373.57! 5880,079 5387,808 32,155,216 5338,110 57,214,808 e.61% 1% 47% t2% 5% 30% 5% 100% 2961 583.376 53,(786,715 5903.711 5360,367 57,085,655 5210,867 56,767,708 8.67 Y. 1% 46% 13% 6% 3t% 3X 100% 2003 572,%5 52,702.612 5840,675 3354,141 57,864,8<6 5136,710 56,774230 -3.57'/, i% 44% t4% e% 32% a% tOC% 2002 572.115 52,766,170 5472,116! 5436,777 31,997,607 5227.520 36.402.680 -2.74% 1% 64% 14% 7% 37% 4% 100% 200' 373248 SZ.TSfi,T21 5010,925 5486,106 52,063,123 325],717 56,543.320 •5.92% 7% 42% 15% 7% 37% a% 100% 2000 572.499 52.706.001 31,154,714 5538,703 52,161,271 5384,115 36,097.303 6.359: 1% 39% 17% 8% 31% 5% 100% 1959 593.777 3?.287,116 51,177,)75 5483,467 52,052,375 $356,398 56,457.508 9.91 Y. 1% 35% 18% 8% 32% E% 106% 1055 588.255 52,128285 S1,OBfi,634 5436,230 51,763,427 $307,001 55.875,832 3.774. 2% 36% 18% 7% 30% 7% 100% 1907 306.073 51,688,438 5777 X96 5422,810 31,917,83^. 5462.187 55,666.875 627% 2% 35% 74% 7% '36% 8% 100% 1896 398271 S1,8fit,487 5736,287 5433,917 51,914,088 $]30,772 35,x36.073 12.47% 2% 34% 74% 8% 38% 6% 100% 1965 890.727 5(,893278 3588,4&1 5389,699 51,6617,384 5371.640 34.433.162 4.764. 35% 12% 8% 35% 8% 100% (HB4 SA29;2 3' 503606 5581,663 3442,029 31,694,246 5318.724 3463A.O;P. 2% 32% 13% f0% 37% 7% 100% S 1C:MOl(X/NMDPSVmrBUUC•Ei ~JIGEOBYSI.', CAGID Sales Tax Revenue-22 Pearl Stree; Mall Sales Tax Revenues-26 2000 2001 2002 2003 2004 2005 2006 2007 2008 2t~00 2001 2002 2003 2004 2005 2006 2007 2008 January 297.585 286,319 296,222 281,789 303,911 303.211 350.972 346.303 377,788 January 159,702 146.772 127,470 1'!,837 130,222 125,x68 1x9.158 136.125 141,061 February 329,325 289;117 295,828 2fi1.92E 295159 334,033 353,475 384.949 394,Ofi1 February 16,372 149,260 127,539 132,592 128,689 14f,5?8 168,115 151-.030 153,728 March 383.212 378,057 359,339 34%.345 386 464 405,854 457,916 513,361 453,315 March 20.156 799,146 154,713 157,720 173,998 181,977 766,606 '•90.882 784,556 April 326.181 323,372 346,652 373.658 322.834 381,409 407,402 429.910 April 186,745 163,001 178.407 108,641 181.7W 159,786 204,642 180.119 May 342,738 349,345 365,342 363,683 369.350 391,843 x44,690 490,189 May 192,336 788,x45 184,220 176,302 186.067 190,862 202,877 205.859 June 431.558 408,653 422,082 397.239 434,006 464,057 512,487 556,969 June 27",117 221,285 214,156 193.138 200,903 272,658 227,430 242,031 July 352:684 354,908 351,719 335,260 382,910 408,346 447,533 454,725 July 226,768 213,226 786,74x 183,416 216.019 228.010 231,650 248.109 August 353.261 374,173 382,971 351,333 389.941 437,412 478,646 500,591 August 226,529 211,912 206,208 193,570 206,106 ?15,701 227,670 239.506 September 408.624 398,576 384,614 352,635 x34,834 493.083 510.843 567,853 September 208,844 192,719 179,262 182,551 192.600 191.187 211,864 221,278 October 387,330 350,339 33'2,168 356,878 389,818 418,157 459,707 478,372 October 2US,788 165,282 150,380 162,089 177,888 189.225 176,159 210,188 November 306,146 354,787 315,649 302,598 318,751 370,726 283,133 x16,857 November 166,904 158,250 160,x52 157,473 178,919 173.39x 186,045 185,561 December 556,669 442,443 443,505 435,738 507,725 541.253 646,636 565,818 December 316,929 263,934 240,425 254.879 262,493 252.230 249,890 263,997 Totals 4,474,711 4,310,089 4,296,091 4,120,082 4,535,703 4,947,363 5,353,439 5,705,896 1,225,164 Totals 2,522,590 2,273,232 2,110,074 2,054,148 2,235,004 2,266,427 2,396,107 2,475,085 479,345 I CAGiD I Pearl Street Mall Sales Tax Revenue Sales Tax Revenue --F 2000 i 2000 %00,000 2001 ~ 350,oao - 2001 600,000 ~ t ?402 300,000 / {-2002 -mac- 2003 2003 ' 500,040 i 2004 250,000 ~ t 2U0a -~-20C5 i +-2005 400,400 ~ ~ +2006 200,000 _ +2006 i _ 300,000 -2007 I--2007 150,000 ~ ~ - 2008 ~ _._20081 200,000 i 100,00:: 100,000 50,000 a~Jacl ,o`Jacl ~~~°r PQ~~ ~`aa ,~°e )o~~ J~oy~ e~,o0~ G`o~o~~ e~~o~~ ~~~oe~ cJ,c~ `Jmc~ a~cr PQ~` ~a~ ~~ee ~~~a JA~y~ ~,oo~ `0~0~ ~~0~ ~~e~ i ~ ~e P 9e'Q\ p ~o~ Oea ~o fee ~ P ~e Oo o° ~eQ ~o Om