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Sales & Use Tax Revenue Report October 2007City of Boulder Sales & Use Tax Revenue Report October 2007 Issued December 18, 2007 This report provides information and analysis related to sales and use tax collections for fiscal year 2007. Results are for actual sales activity through the month of October, the tar on which is received by the city in the subsequent month. All percentage changes have been adjusted to exclude the voter approved one- year 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 Tax from concessions sales at the new CenYUry Boulder Theater have not yet been received by the City. Revenue for multiple months is expected to be included in the November report. REVENUE COMPARISONS TO COMPARABLE PERIOD IN PRIOR YEAR Table 1 lists the categories of sales and use tas collected by the City of Boulder. It illustrates the peroen[ change in the various areas for 2007 over the same time period in 2006. Retail Sales Tax - From an ongoing economic perspective, [he row entitled Retail Sales Ta~c (in Table 1) is the primary indicator of how the re[ail economy in the city is performing this year compared to last year. Retail Sales Tax comprises the vast majority (over 83%) of the city's sales and use tax revenue. Year-to-date co-lections in this category are up by 9.49%. A significant portion of the increase is from new stores located in the Twenty Ninth Street 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 the seller (retail sales tax) or self-assessed by the buyer (business use tax). The Business Use Tax category is down 13.93% year-to-date. 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 dealersbip and the motor vehicle use tax category if collected by the Counry Clerk's office. 2007 year-to-date County Clerk collections are up by 15.04% and the more inclusive category of Automotive Trade (retail and use tax) is up by 8.64%. These results are positive but it is important to note that they follow several prior years of uegative performance in these areas. Time Period Motor Vehicle Use Tax Auto Trade Retail & Use Tax 2007 ls` 9 Months 15.04% 8.64% 2006 Total Year 6.62% 1.79% 2005 Total Year 3.88% 3.68% 2004 Total Year 2.17% 2.07% Construction Use Tax - October year-to-date Conshuction Use Ta~c revenue is up by 3.49% from the same period in 2006. Because construction activiry 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 but 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 6.85%. After adjusting for 2006 and 2007 one- time revenue, the total 2007 year-to-date increase in Sales and Use Tax revenue is 6.11%. TABLE 1 Exclude Large Projects TAX CATEGORY Const Use Tax from 2006 & Actual Collected 2007 CHANGE % CHANGE Retail Sales Tax 9.49% 9.49% Business Use Tax -13.93% -13.93% Motor Vehicle Use Tax 15.04% 15.04% Construction Use Tax 3.49% -10.65% Refunds -6.53% -6.53% Total YTD Sales/Use Tax 6.85% 6.11 Significant increases / decreases by tax category are summarized in Table 2: TABLE 2 YTD RETAIL SALES TAX STRENGTHS: WEAKNESSES: • Food Stores up by 3.80% East Downtown (due partially [o a store • Eating Places up 8.95% relocation) down by 22.30% Apparel Stores up by 14.18% Pead Street Mall down by 1.04% Home Furnishings up by 6.93% Public Utilities down by 3.90% General Retail up by 11.36% Automotive Trade up by 4.71% Building Material - Retail up by 3.01 Consumer Electronics up by 38.32% Computer Related Business up by 62.68% (partially offset by an 28.56% decline in use tax) Downtown up by 2.27% University of Colorado up by 12.60% • Twenty Ninth Street up by 193.51 % (due [o new stores opening in the area) Table Mesa up by 7.51 • The Meadows up by 8.82% Gunbarrel Industrial up by 15.12% Gunbanel Commercial u b 8.09% YTD USE TAX STRENGTHS: WEAKNESSES Motor Vehicle Use Tax up by 15.04% (more Computer Related Business Use Tax is down by inclusive combined retail sales and use tax 28.56% (partially offset by [he Retail Sales Tax categories up by 8.64%) collections in this area which are up by 62.68%) Construction Use Tax up by 3.49% (actually down by 10.65% after factoring out Twenty Ninth Street and other large 2006 projects, and certain large 2007 projects) OTHER TAXES • Accommodations Tax is up by 13.06%. • Admissions Tax is down by 24.52% (excludes tax from the new Boulder Century Theater which was delayed 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. 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: • ...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. • Job growth in Boulder County of 3% is outpacing the state's 2% and metro Denver's 1.6% growth. • Silverstein predicted the record rate of foreclosures in Boulder County, Denver, and the nation will slow in 2008. A December ] 0, 2007 Associated Press release on the Channel 9 website predicts: • 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. • University of Colorado economist Richard Wobbekind says "the Colorado economy seems to be going along at a pretty good clip and doesn't seem to be shaken by national events." He says he thinks that the impacts on Colorado's economy will be more incremental if there is a national downturn. Excerpts from the October 2 -October 25, 2007 issue of the Boulder County Business Report as written by Richard L. Wobbekind follow: • The Boulder County Leading Economic indicators dropped slightly for the first time in five years. The forward looking index slid from 111.40 to 11 L 16, indicating that the local economy may take a breather during the fourth quarter. The primary driver of the index is the change in real gross domestic product, highlighting the strong linkages between the national, state and local economies. Local retail sales, residential building permit valuation and the interest rate spread are secondary factors that influence the movement of the indicators. The four components of the GDP ---consumption, business investment, government spending and net exports are expected to show gains during the next 18 months. The component that has drawn the most attention is real personal consumption, which accounts for approximately 70% of GDP growth. Some observers are concerned that declines in housing prices and tighter credit markets will cause consumers to become more cautious. • Additional factors to consider when evaluating the performance of the economy are consumer and business confidence. o The best measure of consumer confidence for Colorado is the Conference Board's indicator for the Rocky Mountain region. The index for this region continues to be the highest in the nation. This suggests consumers in the region are more confident about their jobs and the overall economic well being than consumers in other parts of the country. This optimism is supported by the fact that the strongest performing state economics are located in the western half of the U.S. o At the state level, the best indicator of business investment is the Colorado Business Leaders' Confidence Index. The fourth quarter confidence index was driven to a record low, from 55.6 to 47.9, by very weak expectations about [he performance of the national economy, along with pessimism about hiring and capital expenditures. Business leaders remain most optimistic about their prospects for sales and profits. • Through the first eight months of this year, statewide employment is about 2% higher than for the same period last year. The Boulder metropolitan statistical area has fared much better than the state, posting a 3% gain for the same period. • From an employment perspective, there is a final piece of good news. In May 2007 Boulder County reached the peak employment level of 2001. Despite the recent strong performance of the Boulder economy, it took 74 months to recover the jobs that were lost in the downturn. This resurgence of the manufacturing sector, combined with the continued expansion of professional and scientific jobs, will strengthen the base ofhigh-technology workers in the county and state. At the same time, the build-out of Twenty Ninth Street will cause the retail trade sector to play a greater role in the economic expansion. This broad based employment growth will create a more diverse economic base for the Boulder Valley economy. This report will be updated and will be available on approximately the tenth business day of each month. OC!'OBER i'TB Actual Total Net Sales/Use Tax Receipts by Tax Category 2006 - 2007 ~:ChaRge %«'afTotal Sales Tax 51,668,187 59,057,719 9.49% 83.10% Business Use Tax 6,637,201 5,964,211 -13.93% 8.39° Construction Use Tax 3,872,770 4,184,186 3.49% 5.89% Motor vehicle 1,620,900 1,946,636 15.04% 2.74% Refunds -88,117 -85,987 -6.53% -0.12% Total Sales and Use Tax 63,710,940 71,066,765 6.85 % 100.00 OCTOBER YTB Acliial Total Net Sales/Use Tax Receipts by Industry Type 2096 2007 °h,'Chaa a %of Total Food Stores 8,269,268 8,883,552 2.90% 12.50% Hating Placcs 7,996,212 9,140,745 9.50% 12.86% Apparel Stores 1,847,472 2,197,797 13.95% 3.09% Home Furnishings 2,141,899 2,397,523 7.22% 3.37% General Retail 12,221,540 14,259,576 11.76% 20.07% Transportation/Utilities 6,017,416 6,146,299 -2.16% 8.65% Automotive Trade 4,530,174 5,137,887 8.64% 7.23% Building Material-Retail 2,539,276 2,707,523 2.13% 3.81% Construction Use Tax 3,433,719 4,145,852 15.65 % 5.83% Construction Sales Tax 224,700 334,680 42.67% 0.47% Consumer Electronics 1,461,417 2,083,695 36.57% 2.93% Computer Related Business Sector 3,999,223 4,244,633 1.66% 5.97 All Other 9,116,741 9,472,990 -0.47% 13.33% Refunds -88,117 -85,987 -6.53% -0.12% Total Sales and Use Tax 63,710,940 71,066,765 6.85% 100.00% OCTOBER YTB Aetiial Total Net Sales/Use Tax Receipts by Geographic Area 2006 2007 af°'Chan a %-of Total North Broadway 843,584 981,874 11.49% 1.38% Downtown 5,130,570 5,002,831 -6.60% 7.04% Downtown Extension 396,883 436,550 5.36% 0.61 UHGID (the "hill") 909,350 968,568 2.02% 1.36 East Downtown 741,188 1,380,741 78.44% 1.94% N. 28th St. Commercial 4,238,384 4,157,398 -6.04% 5.85 N. Broadway Annex 274,743 337,208 17.56 % 0.47% University of Colorado 769,323 883,439 9.99% 1.24% Basemar 1,065,332 1,182,918 6.36% 1.66% BVRC-Boulder Valley Regional Center 14,073,171 14,017,310 -4.59% 19.72% 29th Street 1,464,748 4,207,147 175.12% 5.92% Table Mesa 1,546,723 ],771,127 9,68% 2.49% The Meadows 878,101 962,628 5.01°/ 1.35% All Other Boulder 3,981,316 4,861,544 16.96°/ 6.84% Boulder County 817,028 938,197 9.99% 1.32 Metro Denver 2,518,778 2,936,750 11.68% 4.13% Colorado All Other 109,867 182,026 58.70% 0.26% Out of State 5,862,784 7,428,726 21.37% 10.45% Airport 3,534 !1,598 214.38% 0.02% Gunbarzel Industrial 3,156,030 2,650,94! -19.54% 3.73% Gnnbarzel Commercial 731,979 826,813 8.20% 1.16% Pearl Street Mall 1,982,837 2,054,722 -0.74% 2.89% Boulder Industrial 5,732,344 6,511,819 8.81 % 9.16 Unlicensed Receipts 840,913 439,293 -49.96% 0.62% County Clerk 1,620,900 1,946,636 15.04% 2.74% Public Utilities 4,108,646 4,073,949 -5.02% 5.73% Refunds -88,117 -85,987 -6.53% -0.12% Total Sales and Use Tax 63,710,940 71,066,765 6.85 % 100.00% TOCTOBER YTBAptlial Miscellaneous Tax Statistics 2006- _ 2007 ''/p~Char! e; Total Food Service Tax 370,591 405,452 9.41% Accommodations Tax 2,696,887 3,049,203 13.06% Admissions Tax 340,468 256,970 -24.52% License Fees 23,965 21,375 -10.81% 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 OCTIDB]~R YTI1 Actual OCxOBER YT'I1 AetRal l 20Q6 20D7 °Ee CGaisge ; Standard Industrial Code 2QQ6;! 2QR~ lChangc j 110,660 42,245 -63.43% Food Stores 8,158,608 8,841,308 3.80% 112,551 173,681 47.81% Eating Places 7,883,661 8,967,064 8.95% 34,462 36,703 2.01% Apparel Stores 1,813,009 2,161,094 14.18% 9,741 17,259 69.71% Home Furnishings 2,132,157 2,380,264 6.93% 606,986 756,501 19.38% General Retail 11,614,554 13,503,075 11.36% 451,927 213,326 -54.79% Transportation/Utilities 5,565,489 5,932,973 2.11% 1,651,779 1,991,237 15.47% Automotive Trade 2,878,395 3,146,651 4.71% 33,268 12,492 -64.03% Building Material-Retail 2,506,007 2,695,030 3.01% 3,433,719 4,145,852 15.65% Construction Use Tax 0 0 na 0 0 na Construction Sales Tax 224,700 334,680 42.67% 64,553 66,616 -1.15% Consumer Electronics 1,396,864 2,017,079 38.32% 2,674,444 1,994,657 -28.56% Computer Related Business 1,324,780 2,249,976 62.68% 2,946,781 2,644,464 -14.04% All Other 6,169,960 6,828,525 6.01% 12,130,871 12,095,033 -4.50% Total Sales and Use Tax 51,668,187 59,057,719 9.49% USE TAX BY CATEGORY SALES TAX BY CATEGORY O(°fOBER; YTD Actual OGTQBER Y`CDActual i 2(106 2(107 %ChBt$Ci Geographic Code 2006.'. 24x7 3o Change 50,212 56,474 7.73% North Broadway 793,372 925,400 11.73% 706,900 279,610 -62,11% Downtown 4,423,670 4,723,221 2.27% 7,480 8,044 3.02% Downtown Extension 389,403 428,506 5.41% 10,092 17,258 63.80% UHGID (the "hill") 899,258 951,310 1.33% 63,301 830,885 1157.28% East Downtown 677,887 549,856 -22.30% 221,668 114,463 -50.54% N. 28th St. Commercial 4,016,716 4,042,935 -3.59% 20,256 23,241 9.90% N. Broadway Annex 254,487 313,967 18.17% 44,200 31,029 -32.76% University of Colorado 725,123 852,41 I 12.60% 25,844 87,232 223.31% Basemar 1,039,487 1,095,685 0.97% 461,764 371,239 -22.99% BVRC 13,611,407 13,646,071 -3.97% 125,912 104,691 -20.36% 29th Street 1,338,835 4,102,456 193.51% 14,470 51,265 239.37% Table Mesa 1,532,253 1,719,862 7.51% 43,208 14,152 -68.63% The Meadows 834,894 948,476 8.82% 2,127,686 2,302,295 3.65% All Other Boulder 1,853,630 2,559,248 32.25% 170,170 230,567 29.78% Boulder County 646,857 707,630 4.79% 206,315 331,536 53.92% Metro Denver 2,312,463 2,605,213 7.91% 9,333 63,887 555.66% Colorado All Other 100,534 118,139 12.56% 451,400 624,617 32.54% Out of State 5,411,385 6,804,109 20.44% 52 2,122 3782.74% Airport 3,481 9,476 0.00% 2,700,577 2,103,572 -25.39% GunbarrelIndusVial 455,453 547,369 15.12% 2,093 3,144 43.85% Gunbarrel Cormercial 729,886 823,669 8.09% 22,665 29,596 25.08% Pearl Street Mall 1,960,172 2,025,126 -1.04% 2,354,056 2,125,655 -13.51% Boulderlndustrial 3,378,288 4,386,164 24.36% 502,481 221,574 -57.76% Unlicensed Receipts 338,432 217,719 -38.38% 1,620,900 1,946,636 15.04% County Clerk 0 0 na 167,834 120,249 -31.37% Public Utilities 3,940,813 3,953,700 -3.90% 12,130,871 12,095,033 -4.50% Total Sales and Use Tax 51,668,187 59,057,719 9.49% Tan by M6 & Category TOTAL CITY SALES ANO UBE TA%COLLECTIONS ' tBEVENVEGATEG0RY YEAR -dAN FEE ',MAR', AFR - MAY - JUN JUL AUG' SEP ACt NGV -GEC TGTAt %CH6.'. Retail $el¢E Taz 2000 4450553' 5,116135• 6,0%890 4,]26,230 484],958 63]3594 4,9425% 5,153,2021 _6,856,21] 5225099 4.8581521 8,080,1]4 66.696,]10 0.00% Rate 326% 2001 495]524 4,489252} 6.24]37]+ 4635,630 4824,201 619000 4,463685 4840,590 5888 513 4792676 4,518650~. _6,822.30] 62669,849 5.04% 2002 4 538 ]40 3.903 951 4,958202+__4544,590 4.682.3]0 5 %3 454 4,381 1201 4 ]25,305 5 570 049 4166 %9 4,315 5421 62]2,808 5],]25,10]- 7.89% J-2003 3.8]2,314 3,8]4,95,1351 4,093,068 6,264,]29 5.232.316, 4,16],6%~, 4,663,992 5.1]1.981 4,288,213 4.246.924 5,990,1]5 54.8]1,489 -4.94% Rate CM1g 3.26%>341% 2004 4,394,136 4,1]0,46] 5,32].051' _ 4,339,594 4,461,055 5,340,555' 4,333,128' 4,]49.658 5,542,805 4,450,]31 4,518,629 6,602,036 %,229,844 1.0.5% Rate 3-01% 2005 4.255,041 0453.3]0 5,232,389 4,353,026 4,578,880 5,535,1% 4,494,0]9 5,013,3]9 5,550,916 4,541,]90 4769,]60 6,932,929 59,708,6B0'~ 2.54% 2%6 4,]34,249 4,645,4% 5,53],253 _ 4,659,458 4,882,331 6,129,363 4,]3],]]3 5,23],]5] 6,156,056 4.950.305 4,38],80] ],891,618 63,909p46'~ ].10% Rata Chg 3.41 %>3.56% 200] 5.118,353 5.014.615 6.91BA21 5.132.049 5.500.]01 6,]12.B01~ 5.565.3]1 6.393,028 6,951,3T7 5,]4],963 59,05],]19 -11.54% CM1ange hom ptlor year (MOnfM1) - 3.56% 3.40% 19.68% 5.50% 7.92% 4.90% 12.52% 16.91% 8.21% 11.22% -10000% -10000% Change from poor year (YTD) - 3.56% 3.48% 949% 8.54% 8.42% ].]t% 8.36% 9.46% 9.30% 9.48% 0.91% -11.54% ' Conaume¢Use Tax 2000 699,142 ]80,50] 988,565 _ 809722 ]13,92] 1,054,603 ]8],906 946,2]]; _1_,295,039 69].305 900,93] 1p20,215 11,090,120' 0.00% Rale 3.26% 2001 1,165,93]1 899,129 1,]]1,836 908,629 889.191' 1,42],618 1,011,68] 9]5,2]21 955,683 1,415.169 ]08,]48 1,090,556 13,259p56; 19.4]% 2002 716,462 %5,9]6 1,293800 ]B3,95fi~__ 69],23] _1091,]]9 808999 6]1,088 648,455 ]6],503 628.926 1,1532% 9,62],518 -2]39% 2003 ]9815] 51]559 __.-836398 877,%2 ]%,2%_ 962,]05 6%]99 819,164 914,869 635455 1.045632 1,052.566 9%3.632 3.8]% Rate Chg 3.26%>3A1% 2000 980229 665018 _ 899053 ]42.6921 ]20614' 8669]4 8108]4 922.401'' 901990 ]28634 ]509]1 1181 y7fi 10,215,625 -1.39% - - . ......j . t - _ Rale3.d1% _ 2005 ~ 82],BByi 50]036 _ 951085 1016,61 1103,592 1001048 _864]20 ]88,6651 1,094,030 ]58,93] 96846] 1,248,300 11,130,180' 8.959: _ ~ 2006 686.6% _ 51]101___1,2]]146 5]],_94_ _961,529 ]81,362 895403 _ A6,25 1054,6%_ ]2]]]6,__1.092224 1.28]_15] 1063]4821 -0.03% Rata CM1g 3.41%>3.56% 300T ]63.650 5]4006 9]51]8 ]22,658 ]33.1% 858,0]2 9]5456 652,501 923.66] ]32663 ].91080]'{ -20.77% Change hom prior year (MOnM) 6.52% 6.33% -26%% 19.94% -2].19% 5.19% 0.35% -1908% -16.11% -3.60% 100.00% -100.00% Change hen pdorywr(YiD) 6.52% 6.44% -10.]0% -0.92% -10.26% -].]5% -5.85%• -7.48% -8.69% -8.24%~ -18.%% -28.77% ' I Cpnatruct100 USl Tax ~ 2000 239,212 Q6,528 168,469 360,256 355,225 160,920 388,110 253,944 229,W0 259,312 173,%1 249.]44 3.298,6821 0.00% Rate 3.26% 2001 191.4% 331,3]6 _ 1]2.691 1]1,14] 1%.124 18],243 22],009 311433 4]1.446 319.083 196,510 166283 2,941,850 -10.82% 2002 214010 565519 282392 ~~442.587 215384 1181606 1953]4 19].]45 158,413 16]213 __16]dCW 300,065 4,1]1,]]31. 61.81% - - _ _ - _ - - - _ _ _ - -__r 2003 104,409 121,SBSF 138559 238,246 615,]56 6]5308 220013 259.906 239,33] 161,913 292,%3 388,15] 325Q653: 21.94% Rate CM1g326%>341% 2064 210,383 336,148; 38],48] 490,426 229,416 181,]32 204,851 155,4091 212,299 119,283 238.459 283,08] 3008,9]8' 10.50% Rate 341% 2005 912.585 ]82.500 ____28)_865_ 461.8]8 4%.073 _ 913,19] 186,408 235,308__282,503 2]6,24] 288,104 514,9]5 5,59],6801, 83.59% 2006 19],263 331,341 420,]491 290,094 33],23] ]]6,620 352,533 261,60 343,]49 559,9]5 410,958 1,018,272 5,302,0001 5.28% Rate CM1g 3.41%>3.%% 300] 293.0]8 34],880 112,016 293,061 621.413 430,20] 1,119,425 259.226 421.3]6 285.524 0,184,1861 -20.41% Chargeimn pior year (MOntM1) 42.31% 0.%% ]6.50%, -0.55% ]650% -06.]9% 200.16% -5.01% 1]62% -5099% -100.00% -106.00% ' CM1argefrom prior year (YTD) 1 42.31% 16.14% -26.03%' -19.42% 1.04% -14.69% 13.81% 12.15% 12.]0%i 3.49%' -6.44% -24.41% TOTAL FOR MONTH a CNANGE F _ _ _ _ _ _ _ ~Ra1e 326% _ ROM OPROEVIOUSS E~ aM0NT6 771]00 _ ].22390 5,%g202~ 5,91],110 ],569,116 6,118.521 8,353,423 8380,325 _ 6181 ]15 _5,932990 9_]50.132 81093515' _ _ _ 0.00% 2001 _6314951 5,]19756 8,191%3 5]15,010 5911516 ]804%1 5,]02381 612]295 ]315641 6526328 Sb6t%9 8.0]9.1% ]88]1153' 2.]I% ~ 2003 4]]4920 4,514099 6030093 5209.2]] 54%271 68]0410- 5,04489] 5163,101 6326988 5085581 5,585538 738089] 68031]%- 9.31% RataC 326%341%. 2004 5584]48 5,1]1633 6,613991 5,5]2,712 5,415,085 6389261 5,348853 5,827,468 669],093 5298647 5.508059 8066.899 71490448 6.91% Rate 7.4 U% _ T 2005 5.995.513• 5.742.946 _ 6.4]1.340!!! 5,831,518 6.136,529 ],449,441 5.545,20] 6,03],152; 6.92],449 _ 5,5)6.9]4 6.026,2]1 B,6%,200 ]fi,036.545T _ 0.4]% 2006 5,618,198; 5,493,878 ],235.108 5.530,696 6,184,0% 7.695,145 5,985,]09 6,2]5,624. ],556,500 6238,056 5,891,030 10,197,046 79,888,928 452% Ra[e CM193A1%>3.56% 200] 6,175,081' S,936p81 8,005,615 6,14],768 6,855,311 8,001,1201 ],660,252 1,304754; 8,299,420 67%,951 0 0 ]1.152)521 30658.62% Less [efundsa~ 2000 -1,]9]1 -3,fi% -14631 -21p32 0 -17,]67; -02,201 -192j -3,824 -5,9]0 -11].481 - _ } _ -],038 295,999~~ LC$$ R¢PondB 2002 -1,954 -]8_23(1 _ _ ~Z3.fl -136, 98 ~ ~ -01,?72 -]6,3281 - -3-0% -10-5% 59.164• Z3 9 --1,548 1(1,%5 -19],285' Less Refunds 2003 36,330 3,8271 ],0]B I 579 46,599 -4242]2 _ _ _ _ %91 _2,666 51.64] 10080 1299 >,643 -244 2]318 -5]58 -0,330 53,061. 2004 _ 1.343 10,5051 , - 3062 A,20) 546 1586,______ 6 -0,]9 %,051_ _ 2005 -246 S60ad _ _ _ _ 300T -00300 _-.382921 22069 29~ 9J26 1454] _10040 7G]l %0_ 5963 40+ 16,T73 1~296~ Ad uated total 2000 538]110 6.3]3504 ]2092]4 5878,]]0 59171101 ]551349 60]6321 6353231111 83]6501 61]5745 5.755509 9743,094 8079751]1_ J } _ ~ T 0110% AdJUated total _ 2001 6311 Wfi~ 5,640826 81]1429 5,68]550 5910.039 1804,454 5,698895 6,119,069 7312,362 6521146 5.461%91 8,0]3,317 ]8 ]133]31 -258% 2002 5468,062 5,035219 6,521,258, 5.]71.1 33, 5.391752' ].922.846 5,384,96] 5,583.9171 6.255,713 5081,828_ _ 5.110.383 ],800.105 ]1.32],1011 ~ 1 - - -9.38% ______2003 0]40,591{ 0,505.2]2: 6023015+ 5,0]4,6]95424,9991_6,]90,082 5.0046]5 5,762,505 6,25].0231 5081802{ 5,584,959 ],334,298 67,60],5021, -5.21% Rate CM1g 3.26%>3A1% 2004 5583406 5,161128 6,613354 5A1,840 5409,121' 6,389,110 _5,347556 5.822,825 6,fi%,8491, 52]13291 5,5(12,301 8,%2,569 ]1431.3861 __1.01% - ~ _ _ _ ~ - ~ ~ -~f- -~-].439,361 5,502,145 6,032.946 6.926.603 _ 1--- ~ ~ T - Rate 361% 2(105 5995,266 5.6]69021, 6p70631 5828,852 6130.882, 55]5388' 6,0262]1 8.691,446 ]6,300,493! 6.87% 2006 _ 55]]896 5,4886%' T 6232110, g _ 8.003602 _6.94]039 6845,984 79B65]2r ].645892 ?.30d,0 r7] 8299420• 5,890,624 10,180,273 ]9,]83,631 4.51% Rale Ch 3A1%>35fi/ 2%] 61]50811 5.8981%~ fi7669B8~ 0 0 71_066.]65: -14 fiB% %CM1ange (month) 604%± 293W _629% 6.67%'. 6.13% -0.66%I _ 22.35% 11.62Y1 520% 392W'. 1000f1% 100.00% %CM1g e(tt0 ~ 6.04%1. 4.50°/ 5.21% 150% Sfi3% 4.39% 6.85% ].45% ].16%I 686%1 -2.20% -14.68% 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 rt. Constructbn All Others TOTAL 2005 Janua 3,864 35,076 4,753 2,297 51,848 21 1,023 1,024 99,905 Februa 4,414 40,520 10,362 1,764 15,254 1,321 124 73,760 March 4,488 39,363 8,680 2,150 13,217 1,019 61 3,752 72,730 ril 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 rata of 3.41 % Janua 4,180 41,175 7,910 2,689 61,593 140 517 118,204 Fe6rua 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 13,286 307 403 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 33,045 321,597 108 4,862 14,291 1,043,152 2007 sales tax rate of 3.56 % Janua 5,070 38,253 2,529 2,435 71,486 137 500 120,409 Febma 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 nl 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 December 2007 TOTAL 48,291 504,780 55,794 25,703 320,495 6,268 7,237 968,568 % Chan a from 2004-2005 23.13% 7.09 % 12.44% 11.30% -4.61 % $2.57 % -89.28 % -42.75 % -4.96% % Chan a from 2005-2006 -3.27% 6.47% -12.25 % 14.38 % 11.77% -90.07% -46.99% -23.84 % 4.64 Chan a from 2006-2007 $.79 % 7.69 % -26.46 % -15.71 % 4.29 % -100.00 % 25.90 % -28.04 % 2.02% % Chan a from revious ar month -14.10% 15.33 % -20.95 % -14.68 % 9.39 % #DIV/0! -98.15% 6.52 % 4.95 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 Places Stores Fumish. Merchandise Transport. All Others TOTAL 2005 Janua 3,864 35,046 4,753 2297 51,848 21 1,024 98,853 Februa 4414 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 dl 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 14,623 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 Febma 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 dl 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 December 2007 TOTAL 48.291 495,584 55,774 25,703 319,477 - 6,480 951,310 Chan a ffom 2004-2005 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 efrom 2006-2007 -6.79% 6.66% -26.49% -15.71% 4.13% -100.00% -29.07% 1.33% Change from previous year month -14.10% 15.34% -20.95% -14.68°/ 9.49°/ #DIV/0! 6.52% 8.17% S:\CMO\DUHMDPS\dmc\BUDGET 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.