Sales & Use Tax Revenue Report November 2007City of Boulder
Sales & Use Tax Revenue Report
November 2007
Issued January 14 2008
This report provides information and analysis related [o sales and use tax collections for fiscal year 2007.
Results are for actual sales activity through the month of November, the tax on which is received by the
city in the subsequent month. All percentage changes have been adjusted to exclude the voter approved
one-yeaz increase in rate from 3.41 % to 3.56% to fund the Fire Training Center. Any questions should be
directed to Laura Fisher, Revenue Officer at (303) 441-4017.
The following tables compare year-to-date 2007 collections to the comparable period in 2006.
NOTE: Due to start-up issues, Admissions Tax from ticket sales and Retail Sales Ta~c from concessions
sales at the new Century Boulder Theater were only received for one of the three months they have been
open. Revenue far the other months is expected to be included in the December report.
REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR
Table 1 lisYS the categories of sales and use tax collected by the City of Boulder. It illustrates the percent
change in the various areas for 2007 over the same time period in 2006.
Retail Sales Tax - From an ongoing economic perspective, the row entitled Retail Sales Tax (in Table 1)
is the primary indicator of how the retail economy in the city is performing this year compared to last
year. Retail Sales Ta~c comprises the vast majority (over 83%) of the city's sales and use tax revenue.
Year-to-date collections in this category are up by 10.65%. A significant portion of the inerease is
from new stores located in the Twenty Ninth Stree[ shopping area that opened during mid to late 2006.
The new Home Depot at Twenty Ninth Street opened in January, 2006 and thus was included in the 2006
base.
Business/Consumer Use Tax - Business/Consumer Use Tax 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. Where revenue is categorized can depend upon whether it is collected by [he
seller (retail sales tax) or self-assessed by the buyer (business use tax). The Business Use Ta~c category is
down 17.70% year-to-date.
Motor Vehicle Use Tax - This category is somewha[ confusing because tax on the purchase of vehicles
falls into the retail sales ta~c category if collected by the auto dealership and the motor vehiele use ta~c
category if collected by the County Clerk's office. 2007 year-to-date Counry Clerk collections are up by
14.20% and the more inclusive category of Automotive Trade (retail and use tax) is up by 8.63%. These
results are positive but it is important to note that they follow several prior years of negative performance
in these areas.
Time Period Motor Vehicle Use Tax Auto Trade Retail & Use Tax
2007 ls` ll Months 1420% 8.63%
2006 Total Year 6.62% 1 J9%
2005 Total Year 3.88% 3.68%
2004 Total Year 2.17% 2.07% ,
Construction Use Tax - November year-to-date Construction Use Tax revenue is up by 1.99% from thc
same period in 2006. Because construction activity was very brisk over the past two years, future
forecasts excluded what was considered to be one-time revenue from certain large projects from the on-
going "base." Approximately $1.1 million in such one-time revenue was excluded from the "base" when
forecasting 2007 Construction Use Tax Revenue. Large projects have also been built in 2007 and these
too have been "adjusted" from the "base" as reflected in Table 1. Revenue from a particularly large
project ($744,000) was received in July as reflected in the "Exclude Large Projects" column. This
revenue will contribute to meeting the 2007 forecast for Construction Use Tax but will not be included in
the assumed on-going "base" to be carried forward for future year forecasts.
Table 1 lists actual collections and also provides information that eliminates the skew of one-time dollars
received by the city in 2006 for the redevelopment of the Twenty Ninth Street area and other major
construction projects. In an attempt to continue defining an on-going "base," information in this table
also excludes revenue from certain large 2007 CU renovation and other projects.
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 7.15%. After adjusting for 2006 and 2007 one-
time revenue, the total 2007 year-to-date increase in Sales and Use Tax revenue is 6.48%.
TABLE 1
Exclude Large Protects
TAX CATEGORY Const Use Tax from 2000 &
Actual Collected 2007
CHANGE % CHANGE
Retail Sales Tax 10.65% 10.65%
Business Use Tax -17.70% -17.70%
Motor Vehicle Use Tax 14.20% 14.20%
Construction Use Tax 1.99% -10.81
Refunds -6.96% -6.96%
Total YTD Sales/Use Tax 7.15% 6.48%
Significant increases /decreases by tax category are summarized in Table 2:
TABLE 2
YTD RETAIL SALES TAX
STRENGTHS: WEAKNESSES:
• Food Stores up by 6.83% (up by 4.35% after adjusting East Downtown (due partially to a store
for timing of pm[ of two months [ax by one store) relocation) down by 21.24%
Eating Places up 9.72% Pearl Street Mall down by 1.32%
Apparel Stores up by 12.45% Public Utilities down by 3.68%
Home Furnishings up by 7.14%
General Retail up by 13.45%
• Automotive Trade up by 5.19%
Building Material - Retail up by 7.44%
Consumer Electronics up by 36.78%
Computer Related Business up by 55.92% (partially
offset by an 34.76% decline in use [ax)
• Downtown up by 4.60%
UHGID up by 2.06%
University of Colorado up by 13.54%
Twenty Ninth Street up by 181.02% (due [o new stores
opening in the area)
• Table Mesa up by 7.75%
The Meadows up by 13.17%
Gunbarrel Industrial up by 12.17%
• Gunbarcel Commercial u b 8.14%
YTD USE TAX
STRENGTHS: WEAKNESSES
• Motor Vehicle Use Tax up by 14.20% (more Computer Related Business Use Tax is down by
inclusive combined retail sales and use tax 34.76% (partially offset by the Retail Sales Tax
categories up by 8.63%) collections in this azea which are up by 55.92%)
• Cons[mction Use Tax up by 1.99% (actually down
by 10.81% after factoring out Twenty Ninth Street
and other large 2006 projects, and certain large
2007 projects)
OTHER TAXES
• Accommodations Tax is up by 13.45%.
• Admissions Tax is down by 18.50% (Only includes [ax from the new Boulder
Century Theater for one of the three months for which i[ has been open -delay due to
start-up issues)
PROJECTIONS FOR THE FUTURE'
The majority of projections for the economy continue to be slightly less positive than previous forecasts.
• Economic forecast from December 21 - 27 issue of the Boulder County Business Report:
• Retail Sales -Owners and managers remain cautious but hopeful in their outlook about retail
sales in the first quarter of 2008. Wobbekind predicts the second half of the year will be stronger
than the first half with slow retail sales in the first quarter.
• Richard Wobbekind in the 2008 Colorado Business Economic Outlook predicts:
o The number of jobs in Boulder County is expected to grow in 2008, after the area posted a
3% employment gain in 2007. The area will continue to see growth next year in the key
industry areas of aerospace, bioscience, information technology, natural and organic
products, outdoor gear and recreation, renewable energy and tourism.
o Despite moderately strong growth in the intermediate quarters, real GDP growth for the year
(2007) will be well below potential in the 2% to 2.2% range. Slightly more optimistic growth
is expected next year, in the 2% to 2.4% range, as the housing slump and credit crunch begin
to ease. In other words, it will take time for our economic woes to resolve themselves,
although we do not believe a recession will occur during the period.
o Overall, the outlook is for continued economic growth in Boulder County. Similar to last
year, the expansion of the area's economy will be driven by growth in the professional
business services sector, the category that includes many of Boulder County's entrepreneurial
technology-based startup and research companies.
• Tucker Bart Adams is much less optimistic: In her 2008 Economic Report she states that for
2008:
o The odds of a deep versus a mild recession are now about equal, with very little chance of
escaping a downturn altogether in the next 18 months. We continue to believe that there is a
very small possibility of a serious global recession lasting two years or more. How quickly
and completely the financial turmoil that was underway when this forecast was written ends
will determine the outlook for the U.S. economy in 2008.
o Because Colorado has not experienced the speculative home-price appreciation that has taken
hold in other parts of the country, the recession will not be as deep here as in some other
regions. However, with the exception of the Grand Junction market region, which will grow
as long as drilling activity continues, Colorado will follow the U.S. economy into recession
and remain there until the national recovery gets underway.
• According to an article in the November 9 - 22, 2007 Boulder County Business Report,
Economist Patty Silverstein told a group of business leaders on Nov. 1 at the Longmont Area
Economic Council's Investor Series:
o ...the outlook for Boulder County's economy is better than the rest of the state and the nation.
She said growth industries include aerospace, financial services, bioscience, aviation, energy,
and information technology for software. Information technology for hardware, beverage
production and the information industry including telecommunications, newspapers, radio
and TV are expected to either maintain or lose ground throughout most of 2008.
o Job growth in Boulder County of 3% is outpacing the state's 2% and metro Denver's 1.6%
growth.
o Silverstein predicted the record rate of foreclosures in Boulder County, Denver, and the
nation will slow in 2008.
• A December 10, 2007 Associated Press release on the Channel 9 website predicts:
o Colorado's economy will plod along next year with a 1.9% increase injobs, largely in the
service industries -although the troubled housing and credit markets could throw obstacles in
its path.
• Both the Colorado Office of State Planning and Budgeting (in the December 20, 2007 report) and
the Legislative Council Staff to the Colorado General Assembly (in the November 7, 2007 report)
predict modest, resilient growth in Colorado, despite the uncertainty about the national economy.
Both cite the national economy as the major risk factor. An excerpt from the Legislative
Council's Colorado Economic Chronicle appears to summarize the predictions of both
organizations: "In summary, the state's economy is expected to continue to grow, although at a
slightly slower pace than in 2006. Employment in Colorado's majorjob sectors continues to
advance and wage and salary growth remains solid. This should fuel further gains in consumer
spending and business investment in the state"
This report will be updated and will be available on approximately the tenth business day of each month.
Nf!'~E~t1Z>;R XTD A;btuat
Total Net Sales/Use Tax Receipts by Taz Category 2006 2007 % Chenge °i° otTOtal
Sales Tax 56,056,034 64,753,422 10.65% 83.17%
Business Use Tax 7,568,727 6,503,109 -17.70% 8.35
Construction Use Tax 4,283,729 4,561,164 1.99% 5.86%
Motor vehicle 1,781,597 2,124,055 14.20% 2.73%
Refunds -88,523 -85,987 -6.96% -0.11%
Total Sales and Use Taz 69,601,564 77,855,764 7.15% 100.00%
NCIVEMBER YTD ilotuai
Total Net Sales/Use Tax Receipts by Industry Type 2006 2007 °/a Chan a °/a oC Total
Food Stores 9,042,527 10,003,328 5.96% 12.85%
Ealing Places 8,691,168 10,003,818 10.25% 12.85%
Apparel Stores 2,096,049 2,452,506 12.08"/0 3.15%
Home Furnishings 2,367,569 2,655,334 7.43%" 3.41%
General Retail 13,321,220 15,667,218 12.66% 20.12%
Transportation/lltili[ies 6,508,468 6,698,002 -1.42% 8.60%
Automotive Trade 4,962,292 5,627,516 8.63 % 7.23
Building Material-Retail 2,671,419 2,971,601 6.55% 3.82%
Construction Use Tax 3,661,677 4,518,131 18.19% 5.80%
Construction Sales Tax 243,056 352,690 38.99% 0.45
Consumer Electronics 1,597,895 2,255,564 3521% 2.90%
Computer Related Business Sector 4,622,036 4,531,633 -6.09% 5.82%
All Other 9,904,710 10,204,406 -132% 13.11
Refunds -88,523 -85,987 -6.96% -0.11%
Total Sales and Use Tax 69,601,564 77,855,764 7.15% 100.00%
NQVEMBERYTDActuat
Total Net Sales/Use Tax Receipts by Geographic Area 2006 2007 °X°.Change %6C To6at
North Broadway 909,320 1,155,686 21.74% 1.48%
Downtown 5,609,901 5,431,465 -726% 6.98%
Downtown Extension 432,797 478,942 6.00% 0.62%
UHGID (the "hill") 970,628 1,039,665 2.60% 134%
East Downtown 790,849 1,488,394 8027% 1.91%
N. 28th St. Commercial 4,603,787 4,680,079 -2.63% 6.01
N. Broadway Annex 298,094 366,252 17.69 % 0.47%
University of Colorado 813,715 934,481 10.00% 120%
Basemar 1,153,915 1,299,124 7.84% 1.67%
BVRC-Boulder Valley Regional Center 15,329,340 15,471,166 -3.33% 19.87%
29th Street 1,705,107 4,744,790 166.54% 6.09%
Table Mesa 1,700,011 1,947,678 9.74% 2.50%
The Meadows 975,887 1,117,111 9.65% 1.43%
All Other Boulder 4,270,752 5,270,304 1820°/ 6.77%
Boulder County 856,223 1,013,542 1339% 130%
Metro Denver 2,688,468 3,159,268 12.56% 4.06%
Colorado All Other 115,121 190,882 58.82% 025%
Out of Statc 6,279,166 8,064,404 23.02% 1036%
Airport 4,316 12,035 167.07% 0.02%
Gunbarrel Industrial 3,717,952 2,866,262 -26.16% 3.68%
Gunbartel Commercial ~ 805,966 910,841 825% 1.17°/"
Peazl Stree[Mall 2,170,952 2,244,803 -0.96% 2.88%
Boulder Industrial 6,379,094 7,025,993 5.50% 9.02%
Unlicensed Receipts 576,955 471,183 -48.53% 0.61°
County Clerk 1,781,597 2,]24,055 1420% 2.73%
Public Utilities 4,450,177 4,433,348 -4.58% 5.69%
Refunds -88,523 -85,987 -6.96% -0.11%
Total Sales and Use Tax 69,601,564 77,855,764 7.15 % 100.00
NOVEtMBER YTD Actual
Miscellaneous Taz Statistics 2006 I. 2007 Ghan a--
Tutal Food Service Tax 402,196 442,628 10.05%
Accommodations Tax 2,876,972 3,263,907 13.45%
Admissions Tax 373,435 304,354 -18.50%
License Fees 24,990 22,950 -8.16%
Trash Tax 1,570,354 977,773 -37.74%
USE SALES
COMPARISON OF YEAR-TO-DATE ACTUAL REVENUE FOR THE YEAR 2007 TO COMPARABLE PERIOD IN 2006
USE TAX BY CATEGORY SALES TAX BY CATEGORY
IYOVEM13E7(t YTD Aeirriil NOYEME{ER XTCI Aatuitl
2€106 2007 °Fs Cliaisge Standard Industrial Code 2fl06: 2t11k7 °f° Change
114,061 45,418 -61.86% Food Stores 8,928,466 9,957,910 6.83%
126,511 193,054 46.17% Eating Places 8,564,657 Q81Q,764 9.72%
42,762 41,979 -5.97% Appazel Stores 2,053,288 2,410,527 12.45%
10,734 19,034 69.85% Home Furnishings 2,356,835 2,636,300 7.14%
784,132 817,978 -0.08% General Retail 12,537,088 14,849,239 13.45%
463,072 241,276 -50.09% Transportation/il[ilities 6,045,396 6,456,726 2.30%
1,814,490 2,17Q,647 14.59% Automotive Trade 3,147,802 3,456,870 5.19%
34,312 13,700 -61.75% Building Material-Retail 2,637,107 2,957,901 7.44%
3,661,677 4,518,131 18.19% Construction Use Tax 0 0 na
0 0 na Construction Sales Tax 243,056 352,690 38.99%
66,372 68,614 -0.98% Consumer Electronics 1,531,522 2,186,950 36.78%
3,160,482 2,152,558 -34.76% Computer Related Business 1,461,554 2,379,075 55.92%
3,355,448 2,905,939 -17.05% All Other 6,549,262 7,298,468 6.74%
13,634,053 13,188,329 -7.34% Total Sales and Use Tax 56,056,034 64,753,422 10.65%
USE TAX BY CATEGORY SALES TAX BY CATEGORY
IYOYEMBER VTD Actniil NOVEMBER Y1`II Actrial
2(106 2007 °/a Chaixge Geographic Code 2fl06 2GQ7 °l° ~h8nge
52,407 139,083 154.21% North Broadway 856,912 1,016,603 13.64%
903,098 291,387 -69.09% Downtown 4,706,803 5,140,078 4.60%
7,509 13,081 66.88% Downtown Extension 425,288 465,860 4.92%
11,048 17,273 49.76% UHGID (the "hill") 959,579 1,022,392 2.06%
64,013 890,763 1232.91% East Downtown 726,837 597,631 -21.24%
225,003 119,796 -49.00% N. 28th St. Commercial 4,378,784 4,560,283 -0.24%
24,377 24,548 -3.54% N. Broadway Annex 273,717 341,704 19.58%
51,743 31,316 -42.03% University of Colorado 761,972 903,166 13.54%
27,579 94,343 227.67% Basemar 1,126,336 1,204,781 2.46%
473,821 386,994 -2L77% BVRC 14,855,519 15,084,172 -2.74%
133,568 134,230 -3.74% 29th Strcet 1,571,538 4,610,560 181.02%
14,751 51,894 236.97% Table Mesa 1,685,259 1,895,784 7.75%
43,906 15,959 -65.18% The Meadows 931,981 1,101,152 13.17%
2,306,326 2,553,502 6.05% All Other Boulder 1,964,426 2,716,802 32.47%
173,427 264,232 45.94% Boulder County 682,796 749,310 5.12%
213,689 355,048 59.15% Metro Denver 2,474,779 2,804,219 8.54%
9,816 64,297 527.40% Colorado All Other 105,305 126,584 15.14%
472,877 643,613 30.37% Out of State 5,806,289 7,420,791 22.42%
835 2,122 143.40% Airport 3,481 9,913 0.00%
3,203,136 2,263,379 -32.32% Gunbarrellndustrial 514,816 602,883 12.17%
2,199 3,441 49.92% Gunbarrel Commercial 803,767 907,400 8.14%
24,735 33,716 30.56% Peazl StreeC Mall 2,146,217 2,211,087 -1.32%
2,722,113 2,294,652 -19.26% Boulderlndustrial 3,656,981 4,731,341 23.93%
512,839 238,637 -55.43% Unlicensed Receipts 364,116 232,546 -38.82%
1,781,597 2,124,055 14.20% County Clerk 0 0 na
177,641 136,968 -26.14% Public Utilities 4,272,536 4,296,380 -3.68%
13,634,053 13,188,329 -7.34% Total Sales and Use Tax 56,056,034 64,753,422 10.65%
Tax by MO & Category
TOTAL CITY SALES ANO USE TAX COLLECTIONS ~ '
RE'/ENVE CATEGRRY YEAR JAN FEB MAR - .APR MAY -:.JUN JUL AUC SEP OCT R6Y DEC TOTAL %CHO
- ~ 5,116135 __6,066890 _ q]26.2301 484],958__63]3,5941 4,94250fi 5,153,202 685fi 21 52250991 4,858152 8,080.1]4 66696.]10' 0.00%
Re[aU Sales Tax 2009 ~ 4450553
R to 3.2_6_% 2001 ~1 4 95] 524 4,489 252 624] 3A 4 fi35,fi341 4 824 201 fi 190 040 _ 4.463 685 4640,590 5 888 513 4 ]92 0]6 4,518.650 6 822,30]
62 fi69,849 E 04%
_ 2002 1_ 4538 ]6d; __3,903954 4,9582021 4544,590 4fi823]Oi_ 5663654 4,381120 4,]25,305 55]0 Od91__ 4168969 4,315,562 6.Z]2,808 9]251 W:
].89%
2003 i 3,8]2,314 3,8)4,955 5A55,136 4,093.068 4.264,]29; 5.232,316', 4,16],686 4,6fi3,992 5,1]1,981 4,288,213 4,246,926 5,940,1]5 54.6]1,489
-0.96 %
Rate Chg 32fi%>3.41 % 2004 4,394.136 4y ]006] 5,32],051 4,339,594 4,461,055; 5,340,5551 4,333,128; 4,]49,658 5,542,805 4,450,]31 4,518,629
6,602,036 58,229,844 145%
Rate3.41_%_ 1 2005 4,255.041 4453,3]0 5,232,389 4,353,026 4,5]6,864 5,535,1961 4.494,0]9' 5,013,3]9 5,550,916 4,541 ]90 4,]69.]00 6,932,929
59,]08,fi8o1 2.Sd%
_ 2006 4,]34,249 4,645,4366 _ 5,53],253 4,659,458 4,882,331 6,129.363' 4,]3]]]3 5,23))5] 6.155.056 4,950,305 4,38],84] ],891,618 63,949,446
].10%
Rate Chg 3.41%>3.Sfi% 200] 5,118,353 5,016,615' 6,918,421 5,132.049 5,5_00,]01 6,]12,861' 5,565,3]1 6.393.026 6.954.3]] 5,]4],9fi31 5,695,)03 64753,422% -3.
1%
Change hom prior year (Month) ~1 __3.56% 340%1 19.fi8% 5.50% ].92% 6.90% 12.52% 16.91% 8.21%~ _ _1122% _24.34% -100.00%
Change from prior year (YTD)- 3.Sfi% 3.48-%949% 8.54%i BA2% ].71%A 636% 966% 9.30%i 966% 10.64%. 3.01%
COO6YT¢I_USE T_d_X_ _ 2000 fi99,142 ]84.50] 988.545 809.]22 ]13.92] 1,054,603' ]8],906 946,2]] 1,295,039 fi9],305 900,93] 1,620$15 11,098,124
000%
Rale 3.26% 2001 t,tfi5,99 899.129 1]]1,8% 908,629 889.191 142],6181 1,011,68] W5,212 955,683 1,415,169 ]48,]48 1,090,556 13.259,454.
-~~---~r~~~_---~- -~-293,800 ]83,956 49],23], 1,091)]9! 808.999 _6]1,088 648,455 ]6].543 628,926 _1,15.3,296 9,62],51fi 196]%
]16,4621 565,9]6 _ 1, + _ _ ___-2].39%
9 _ 2003'___,___ i _ I _ - _ __l- 2.8]%
980229; 6fi5018 899453 ]62.692 ]2d 614- Bfi6965 8508]4 922.401 _941990--- 628634 1A~9]i -1018176 10215625-
RateCh 3.26% 341% _ 2004 I 139%
Rate3.61% _ _ 2005 ; BZI 88] 50]036 951085 1,016,fi14 1103,5921 10010481 860]20 ]88,4651 1096,030 )5893) 96846] 1,248,300 11,130,180,
895%
_ 2006 ! 686686 51]101 1,2]]14fi 5]),146 9fi4,529' ]813621 895403 ]]6258.10546967 ]2]]]61_ 1.092,224 1,28],15] _ID63],482:
-0.43%
Rate CM193.41 %>3.56% 200] ]63,650 5]4006 W51]8 ]22,658 ]33,196 858,0]2 9]545fi 652.501 92366]_ 624fi3T ]16,31] 862].164. -22.32%
Chang?from prig year (MOn_hj_--'' 6.52%1 6.33_% ___-26.86_%__19.94% =2].19% 5.19%I 4.35% -_1948%~ -16.11%. -3.60%' -3].18% -100.00%
Change from piw year (YTDj ~ 6.52%1 _664% -10.]0% -0.92% -10.26% -].]5% -585% -]48% -869% -8.24% -11.62% -22.32%
_
Rae36v%ion Usa Tax 2000- 199,4964____331,3]61-____1~699'.____1~]_1,1C6 _198,92__ 186243;___226009'___311,633%]9_4461-_ 359,083_ 196510 166,293 2941_850 000%
1082%
-
1953)4 19].]65 158,4131 16]213 16]466 384.065 41]1,]]3' 41.81%
565519 282392 642,58] 215.384'1 1181 fi06'i
2002 214010 - _
- - _-y-.-
2003 1044691 121585 138559 238,266 415,]Sfi2 6)53081 220413 259,946 239,33) 161913 292983 388.15] 3256,fi53' 21.94%
336,148 38],48] 490,426 2 _ _
Rate Ch 3.26 341 _ _
RaW 3.41% 2005 912585_ ]82.540 28].865 461,8]8 456,06 91319] - -5.28%
- _ _ 3_31,341 620749 294,094 33],23] ]]4.420 - ~ ~ ~ -10_50%
2006 ~ 19]263 _ _ 352.533 26L409 343,]49 5599?5 410,958 1,018,292 5,2,000' 83.59%
Rale Chg 3.61 %>3.56% _ 2007 293,0]8) 34],BfiO 112,01fi 293,Ofi1, 621.413 430,20]1 1,119825 259,226: 421,3]6 286,526 36,9]8 4,561,1641, -1].fi0%
_
Charge from prig year (Monts) 4231% 056%i -]6.50% -0.55%• ]6.50% -46]9%1 204.16% -5.01%i 1]A2% -50.99% -12.13% -10000% '
Change from pr or year (YTD) - 0231% 16.14%~ -24.03% 19A2%' 1.04% 14.69%~ 13.81% 12.15%, 12J0% 3.49% 1.99% -1].60% '
Rate 336%ONTHfiCHANGE FROM OPROEVIOU5538B
90]ONT6,3Tl t]0 ].223905 5900202 591]110'_
]5fi9116 _ 6.3536236 8380,32 _ _ _ ~ _
__i_ _ 6.118521 1
- _ _ _ _ ( fi 181 )15 5.932 990 9,]50.132 81 093,515-. 0.00%
2001 631499 5.]19]56 0,1919031 5]15,010 59115161 ]804901JI{ 5,]02381 612],2951 ]315641 65263281 5,661909 BW9,15fi ]88]1153
"1 I ~
2003 4 )64 920' 4.514 09! - 6.030 0 5,2092]] 5 6fi8,261 fi B 0 4101 5.044 89] 5]43109 6 326 9881, 5 085 581 5,585 538 ],380 B9] 68 031 ]74
9 31 %
- 06]%
Rat Ch 32fi%341% _ _ 2004 5584 ]68~ 5,1]1633 fi,613991 5.5]2,]12 5415,085 6389261 5,348853 552],4fiB 669],093 529864] 5,508.059 B,O6fi,899
]1494448_ A88%
_ g _
Ra[e J.4l°/a _2005 5995513 5,]42,946} 6,4]1,340 5.831,516 6,136.529 ],449A41 5,54520] 603],152 692]46_9_
_ 200fi _5618198 5,493,8)8 _ ].235,148 5,530,696 6,184,096 ],fiB5,145T 62]5.2 ]554500 5.5]6.9]4 fi,026,2]1 8,696,204 ]6436,545' 6.91%
6]fi6,951 6788.999 0 A,941,]50 3]956.01%
Rate Chg 341 %>35fi% 200] 61)5081 5,9_36481 8005615 6,16]]68 6855,311 8001120 ],660252 ]304,]54 82994201
-Y 6._ _-36661 -1d fi31 21,4321 _ 0 1])6], -~~A~201 - _192 3,824'' 6238,05fi 5,891,030 10,19].046 ]9,BB8,928, 4.52%
_ -
Less rePonds onl 1000 ]9)' -]8,9301 20,4]4 2],860 1.0]6• -067. 3,486 -8,226 3,2]9, 5,9]0 -1]],681 -],038 -295,999-
_ 2001 -2,98t~ _ _ - - - 1 Ii -5,18~I 0 _ 5,_839 -15],]80
Less Refunds 2003 36330 230 131_36 0 3239 13993 52] 10222 121204 21896 1548 10.065 19]215
_ -882] --],0]8 -134,]98 A1.]]2+ ]63281 -4221IF --596 £9~24d~ - - z3,]]9 - 5]9 -06,599 _424,2]2, ~ ~ -
_ _ 2006 ~ -00302 _____552]2+ ~___-22]8 -2363 5099 _ - 10080 _3001 ]568 BO6 - 596] 5406 1676 105296_
200] 0• J8291` -2013 -]291 932,_-1d 440 _ -6]] 0 59fi3 8598]__
- 1 I F 61)5]45 _ _5._]55509 9]43,09+ 8019]5.1_] _0_.0_0_%
AdJDSf¢d fOldl 2000 538]tttr 6.3]35044 ]2092]4 S,B]B,]]04 591]110 ]551369 6,0]fi 321 6353.231 83]65011 _
~ _ 6521146
Ad UBf¢d lOldl 2001 63119)6{ 5,6408 8,1]1429 5.68],550~1~d39- ]054 5.6988951 6.119.069 ]3123fi21 1 _ -258%
2002 5,468.0621 5,035219 6.521.259 5,]]1,133' 5,391,]52; ].922,8662; 5.38696] 5.583,91] 6255,]13 5081828; 5,110,383 ],800,105 ]132]181`
g - - 66968491 SD1329~-_5,461909 80]3,31]1 ]8]1336 _938%
2003 4]40591 4,5052]2 6023015 5.0]44]9 5424999, 6]96082'. 5,0464]5' 5,]42,505 625)023' 5081802 5,5849591 ],334.298 6]601 502'. -5.21%
R 1 Ch 326% 341% 2004 55B340fi~ 5,161128. fi61335d 5.5]1,840 5409121 63891101 5,34]554+ 1822,825 5,502301 8,062.569 ]1431386, 1_Ot%
R 1e341% 2005 5995266, 5.6]_6902 6,4]0431 5826852 6134882 ]439361 5,542145 6032946 6926603~~', 55]5388 6,026.2]1 8,691,446 ]6340,493 6.9%
_ _ - _ _ _ _ ~ _Ji 4_-- I+
- I T _ ]6~5~ 5,985]091 62fi],856 ]553694' 6232110. 5.890624 10,180._2]3 ]9]83.631 4.51_%
2006 55]]896' 5,488606 ),212388 5530,333 61]8998 _
R t Chg341% 35fi% 200] 61]5081 5,898190 8,003602 614],039 6845984~~ ]9865]2 ],6458121 ],304,D]] 8299420_ 6)fi09B8 6]889991 0 ]],855,]fi4'
-653%
k Change (mo lh) 604% 293h 629b 64]% 613%I 2235% 11.62/ 524h _
%Change (YTD 6.OG%~ 4.50% 5.21%, 650° 5.63%i 4.39%.85%~ ]65/, ].16Ye 392/, 1039% -10000%
_ - ~ ~ 6.80%', --].14%~ 5.53%~~
Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food Eating Apparel Home Gen. GRAND
Stores Places Stores Furnish. Merchandise Trans R. Construction All Others TOTAL
2005
Janus 3,864 35,076 4,753 2,297 51,848 21 1,023 1,024 99,905
Februa 4,414 40,520 10,362 1,764 15,254 1,321 124 73,760
March 4,488 39,363 8,680 2,150 13,217 1,019 61 3,752 72,730
dl 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 1,815 19,715 8 1,011 65,811
Au 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 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 sales tax rate of 3.41
Janus 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
ril 5,585 46,504 8,981 2,893 17,848 83 411 515 82,819
Ma 4,992 42,276 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 4,685 32,442 2,844 2,544 13,288 307 403 56,513
Au ust 5,174 50,341 4,154 3,159 48,686 128 1,915 113,558
Se tember 5,633 54,904 18,079 3,043 64,971 133 1,122 147,885
October 5,631 53,626 7,661 2,665 19,292 2,764 625 92,264
November 1,055 37,321 7,546 1,885 12,900 68 503 61,277
December 5,829 39,604 6,305 1,950 14,633 25 25 4,154 72,525
2006 TOTAL 56,511 525,911 86,527 33,045 321,897 108 4,862 14,291 1,043,152
2007 sales tax rate of 3.56 %
Janus 5,070 38,253 2,529 2,435 71,486 137 500 120,409
Februa 3,444 45,205 5,847 2,691 21,230 125 580 79,121
March 5,033 49,358 3,615 2,453 13,925 1,540 1,014 76,937
A ril 5,367 56,577 3,464 2,432 15,248 223 664 83,974
Ma 4,860 55,175 4,977 2,740 22,313 2,727 549 93,341
June 4,022 38,202 7,741 2,181 19,124 413 750 72,432
Jul 4,116 40,299 3,080 2,666 16,507 828 459 67,956
Au ust 5,995 49,453 6,184 2,967 53,148 819 118,567
Se tember 5,335 67,692 12,033 2,765 65,483 223 1,206 154,737
October 5,050 64,566 6,323 2,374 22,031 53 695 101,093
November 3,947 44,038 5,665 2,531 14,338 7 571 71,097
December
2007 TOTAL 52,237 548,818 61,458 28,234 334,833 - 6,275 7,808 1,039,665
Chan efrom 2004-2005 23.13 % 7.09 % 12.44% 11.30% -4.61 % -82.57 % -89.28% -42.75 % -4.96%
Chan efrom 2005.2006 -3.27% 6.47% -12.25% 14.38% 11.77% -90.07% -46.99% -23.84% 4.64
Change from 2006-2007 -1.28 % 8.10 % -26.62 % -13.03 % 4.38 % -100.00 % 24.27% -26.22 % 2.60°
%Chan efrom revious ear month 258.48% 13.03% -28.09% 28.61% 6.47% #DIV/0! -89.96% 8.67% 11.14%
NOTES: Percentage change calculations for 2004 have been adjusted to eliminate the impact of the increase in the sales/use tax rate.
S:\CMO\DUHMDPS\dmc\BUDGET DJ\UHGID dj\UHGIDSIC
Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification
Food Eating Apparel Home Gen. GRAND
Stores Pfaees Stores Furnish. Merchandise Transport. All Others TOTAL
2005
Janua 3,864 35,046 4,753 2,297 51,848 21 1,024 98,853
Februa 4,414 40,415 10,362 1,764 15,061 124 72,140
March 4,488 39,054 8,680 2,150 13,203 1,019 3,465 72,060
A ril 5,597 45,223 7,002 1,950 10,320 48 4,521 74,662
Ma 4,825 33,911 6,296 1,901 13,696 503 61,131
June 4,137 39,749 6,319 2,111 14,474 2,294 69,085
Jul 4,476 34,798 3,953 1,815 19,715 1,011 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 14,551 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
2005 TOTAL 55,352 490,892 98,605 28.891 287,524 1,088 17,653 980,005
2006 sales tax rate of 3.41
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 18,847 637 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 4,685 32,424 2,844 2,544 13,268 403 56,168
Au ust 5,174 46,480 4,154 3,159 48,380 1,915 109,263
Se tember 5,633 54,904 18,079 3,043 64,946 811 147,416
October 5,631 53,620 7,661 2,665 19,269 625 89,472
November 1,055 36,443 7,546 1,885 12,889 503 60,321
December 5,829 39,595 6,305 1,950 74,623 25 3,870 72,197
2006 TOTAL 56,511 521,081 86,527 33,045 321,380 108 13,125 1,031,776
2007 sales tax rate of 3.56°/.
Janua 5,070 38,248 2,529 2,435 71,465 500 120,247
Februa 3,444 45,102 5,847 2,691 21,020 580 78,684
March 5,033 49,355 3,615 2,453 13,901 755 75,112
A ril 5,367 51,864 3,464 2,432 15,224 664 79,016
Ma 4,860 55,169 4,977 2,740 22,308 549 90,603
June 4,022 38,202 7,721 2,181 18,417 521 71,063
Jul 4,116 40,280 3,080 2,666 16,495 459 67,097
Au ust 5,995 49,449 6,184 2,967 53,142 819 118,556
Se tember 5,335 63,349 12,033 2,765 65,479 937 149,898
October 5,050 64,566 6,323 2,374 22,026 695 101,034
November 3,947 44,038 5,665 2,531 14,331 571 71,082
December
2007 TOTAL 52,237 539,622 61,439 28,234 333,808 - 7,051 1,022,392
Change from 20042005 16.67% 8.46°/ 12.44% 11.30% -4.30°/ -82.57°/ -35.58% 3.40
Change from 2005-2006 2.09 % 6.15% -12.25% 14.38% 11.78% -90.07% -25.65% 5.28%
Chan a from 2006-2007 -1.28% 7.35% -26.64% -13.03% 4.23% -100.00% -27.02% 2.06%
%Change from previous year month 258.48% 15.75% -28.09% 28.61% 6.50°/ #DIV/0! 8.67°/ 12.87%
S:\CMO\DUHMOPS\dmc18UDGET DJ\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.
UHGID Yearly Summary CHy Wide Yearly Summary
Sales antl Use Tax Breakdown by Industry Category UHGID Sales and Use Taz es a Percerrt of ToUI Clty Wlde Sales a1x! Usa Tax
Food Eating Apparel Home General Eating Apparel Home Ganaral
Stores Plaees Slores Furnishings Mereh All Other Total Food Stores Places Stores Furnishings March All Other Total
2007 $52.23] $568.518 $61,458 $28,234 $334.833 $14,083 $1,039,665 2007 $10,003,328 $10,003,818 $ 2,452,506 $ 6,910,898 $i5,fi67,218 $ 34,817,996
$ 77,855.]66
5% 53% 6% 3% 32% 1% 100% 1% 5% 3% 1% 2% 0% 1.3%
2006 $56,511 $525,911 $86,527 $33.065 $321,897 $19,261 $1,043.152 2006 $10,392,069 $ 9,582,212 $ 2,424,694 $ 4,611,058 $15,402,540 $ 37,371,060
$ ]9,783,631
5% 50% 8% 3% 31% 2% 100% 1% 5% 4% 1% 2% 0% 1.3%
2005 $58,421 $493,955 $98,605 $28,897 $288,004 $29,024 $996,900 2005 $10,046,723 $ 8,995,846 $ 2,3fi2,366 $ 4,465,788 $16,587,419 $ 35,882,350
$ 7fi,340,492
6% 50% 10% 3% 29% 3% 100% i% 5% 4% 1% 2% 0% 1.3%
2004 $47,446 $461,253 $87,895 $25,958 $301,938 $124,60] $1,048,897 2004 $10,148,861 $8,637.]18 $2,232,147 $3,118.312 $14,123,007 $32,1]1,342
$70,431,387
5% 44% 8% 2% 29% 12% 100% 0% 5% d% 1% 2% 0% 1.5%
2003 $43.618 $417,782 $94,038 $35,450 $306,099 $46,965 $941,951 2003 $9,052,658 $7,847,285 $2,048,951 $3,922,549 $13,185,423 $31,552,fi37
$67,607,503
5% 46% 10% 4% 32% 5% 100% 0% 5% 5% i% 2% 0% 1.4%
2002 $42,268 $607,fi0fi $89,454 $36,704 $313,795 $41,419 $928.646 2002 $9,296,397 $6,133,237 $2,346,305 $4,184,992 $13,572,651 $33,815,800
$]1,327,182
5% 44% 10% 4% 36% 4% 100% 0% 5% 4% 1% 2% 0% 1.3%
2001 $41,988 $394,142 $103,513 $35.111 $318,763 $26.961 $920,478 2001 $9,312,676 $8,384,190 $2.666,021 $4,537,112 $15,553,807 $38,279,526
$78,713,332
5% 43% 11% 4% 35% 3% 100% 0% 5% 4% 1% 2% 0% 1.2%
2000 $34,841 $378,042 $99,206 $39,088 $366,669 $1],242 $935,066 2000 $9,080,910 $8,484,601 $3,159,262 $5,915.]94 $17,887,211 $36.269.737
$80,797,515
4% 40% 11% d% 39% 2% 100% 0% 4% 3% t% 2% 0% 1.2%
1999 $38,414 $345,800 $92,878 $46,325 $345,546 $5,309 $874,272 7999 $9,207,721 $],]90,648 $3,359,914 $5.553,219 $17,008,884 $33.893,706
$76,814.092
4% 40% 11% 5% 40% 1% 100% 0% 4% 3% 1% 2% 0% 1.1%
1998 $33,781 $350,299 $126.670 $60,532 $306,191 $12,898 $870,371 1998 $8,932,09] $7,469,094 $3,252,729 $3,570,448 $15,]36.140 $30,637,104
$69,597,612
4% 40% 15% 5% 35% 1% 100% 0% 5% 4% 1% 2% 0% 1.3%
1997 $37,537 $323.1]5 $126,465 $39,848 $316,999 $9,035 $853,057 1997 $7,739,779 $6,797.237 $2,781,018 $3,129,089 $15,439,169 $28.494.04]
$64,380,339
4% 38% 15% 5% 37% 1% 100% 0% 5% 5% 1% 2°5 0% 1.3%
1996 $33,742 $342,802 $145,274 $74,088 $31],743 $15,788 $929,437 1996 $7,611,055 $6,614,561 $2,782,149 $2,862,572 $15,111,950 $26,975,579
$61,957.866
4% 3]% ifi% 8% 34% 2% 100% 0% 5% 5% 3% 2% 0% 1.5%
S'\CMO\DU HMDPS\dmc1BUDGET DJ\UHGID dj\UHGID$IC
UHGID Sales Tax Revenues (NO use tax)
2000 2001 2002 2003 2004 2005 2006 2007
January 83,022 96,846 100,032 99,422 98,853 118,058 120,247
February 65,046 56,994 63,769 64,521 72,140 79,436 78,684
March 64,537 68,740 69,760 72,985 72,060 75,944 75,112
April 60,826 68,547 62,055 66,129 74,662 82,378 79,016
May 61,329 56,306 62,078 65,583 61,131 68,638 90,603
June 92,013 76,086 69,726 73,693 69,085 72,486 71,063
July 59,675 63,058 48,079 53,263 65,768 56,168 67,097
August 88,127 87,167 125,801 124,050 144,466 109,263 118,556
September 123,121 129,966 104,739 108,698 99,702 147,416 149,898
October 66,451 73,867 81,351 82,562 93,865 89,472 101,034
November 60,396 58,271 67,097 64,189 65,915 60,321 71,082
December 86,683 71,034 74,835 72,674 62,359 72,197
Totals 920,684 911,224 906,884 929,322 947,770 980,005 1,031,777 1,022,392
Tax Rate 3.26 3.26 3.26 3.26 3.41 3.41 3.41 3.56
I
UHGID Sales Tax Revenues
160,000 - - - - -
140,000
120,000 / , 2001
~ 2002
100,000
2003
~ ' , ,
80,000 ~ ~ ~ 2005
~ i
60,000 ~ 2006
40,000 ~ 2007 III
I
20,000 ~
~I
I 0 _ -
~ ~t~ P ~ moo, o~
S:ICMOIDUHMDPS1dmc1BUDGET DJIUHGID dj1UHGIDSIC