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Sales & Use Tax Revenue Report May 2008 City of Boulder Sales & Use Tax Revenue Report May, 2008 Issued July 14, 2008 This report provides information and analysis related to sales and use tax collections for fiscal year 2008. , Results are for actual sales activity through the month of May, the tax on which is received by the city in the subsequent month. Any questions should he directed ro Bob Eichcm, 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 Center 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 % sales/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 1~able 1 lists the categories oi'sales and use tax collected by the City of Boulder. It illustrates the percent change in the various areas for 2008 over the same time period in 2007. TABLE 1 APRIL YTD COMPARISONS - 2008 VERSUS 2007 hicrease/(Decrease) AC'T'UAL CHANGE CHANGE IN COMPARABLE % OF TAX CATEGORY 1N REVENUE COLLECTIONS TOTAL Sales Tax 2.01%) 2.30% 80.71% Business/Consumer Use Tax 24.16% 29.62% 10.40% Construction Use 'Tax 32.45% 38.28% 6.57% Motor Vehicle Use Tax 13.04% 9.21% 2.46% Refunds 1.98%} 2.33% 0.15% Total Sales & Use Tax 1.64% 6.11% 100.00% Ketail Sales Tax -Even with continuing concern related to consumer related spending in a slowing economy, retail sales for the first four months of the year remained fairly strong, with the exception of the discretionary categories of Automotive Trade and Consu~ncr Electronics. Although the Computer Related Business retail category is down, it is actually positive when use tax is combined with the retail numbers. Reported Food Store sales continued their positive April results into May, reducing the concern we evidenced in March when YTD sales were down by 5.74%. May YTD Food Store retail sales are now up by 2.b9%. Apparel Stores and General Retail sales continued to improve during May, raising their YTD percent increases. Although retail sales tax from Eating Places slowed minimally in May (from a 5.30% increase in the month of April to a 4.77% increase in the month of May) they continue at an impressive YTD increase of 8.41 We will closely track trends in these discretionary areas but have not yet seen much recessionary impact. Business/Consumer Use Tax -Although this category tends to be volatile in nature and the short-term results do not necessarily reflect trends, it is encouraging to note continuing relatively strong revenue from many employers. Construction Use Tax -May year-to-date Construction Use Tax revenue is up by 38.28% 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 mixed use, residential condominium, and CU projects that could be considered "one-time" in nature; this tax category increased by 17.20%. Total Sales and Usc'I'ax -Without adjusting for one-time revenue, the "Change in Comparable Collections" column in Table I shows a total increase in Sales and Usc Tax revenue of 6.11 After adjusting for one-time Construction Use Tax revenue, the total 2008 year-to-date increase in Sales and Use Tax revenue is 4.95%. Significant increases /decreases by tax category are summarized in Table 2: TABLE 2 ' YTD RETAIL SALES TAX Chan a in Com arable Collections STRF,NGTIIS: WEAKNF.SSF.S: ¦ Food Stores up by 2.56% Automotive Trade down by 1 1.96`% • Eating Places up by 8.29% Consumer F,lectronics down by 9.2U`% • Appare] Stores up by 10.82% Computer Related Business down by 19.71% • Home Furnishings up by 3.45% (combined sales and use tax in this category up • General Retail up by 7.85% by 15.56%) ¦ Downtown up by 3.58% The Meadows down by 5.40% ¦ U11GIll up by 2.17% Boulder Industrial down by 14.84% ¦ lJniversity of Colorado up by 8.24% ¦ Twenty Ninth Street up by 35.03% ¦ Table Mesa up by 6.61 % • Gunbarrel Industrial up by 51.01 • Gunbarrel Commercial up by 3.79% ¦ Pearl Street Mall up by 8.00% ¦ Public Utilities up by 7.59% • BVRC (excluding 29'h Street) up by I.UI% YTD USE TAX Chan a in Com arable Collections S"rRLNG"I~1IS: WEAKNLSSL:S ¦ Computer Related Business Use "I'ax is up by Motor Vehicle Usc "rax down by 9.21% 50.08% (combined sales and use tax in this category up by 15.56%) • Construction Use 'l'ax up by 38.28% (up by 17.20% after adjusting to exclude large condo unit and CU projects that may be considered one-time in nature) OTHER TAXES ¦ Accommodations Tax is up by 7.89%. ¦ Admissions Tax is up by 66.64% PROJECTIONS FOR THE FUTURE Though small, continuing GDP growth on both the national and state levels, raises questions about whether the country and/or the State arc technically in a recession or not. Given the uncertainty, we will continue to analyze trends in City of Boulder Sales and Use Tax and modify forecasts if necessary. Although the Boulder economy continues to be better than that on the State and National levels, it is certainly impacted by both. Excerpts from the June 20, 2008 revenue forecast by the Colorado Office of State Planning and Budgeting are therefore informative: • Colorado's economy continues to outperform the national economy in most major benchmarks such as income growth, employment growth, the unemployment rate, and intlation. In per capita terms, Colorado has the 10'h largest economy of the 50 states. ¦ Although not immune to national and global economic problems, current macroeconomic circumstances have impacted Colorado far less than other states, for several reasons. Some positive and negative factors follow: o Global supply and demand dynamics conspired to push wholesale and retain energy prices ever higher, with oil prices projected by the investment bank Goldman Sachs to reach $ I SU per barrel during the summer of 2008. While the short-run impact to Colorado consumers is negative, the impact to the energy production sector, both conventional and renewable, has been far more positive. o The oil price has also made renewable energy producers more economically competitive. The chrster of major research universities and federal laboratories on the Front Range has become a magnet for private-sector ventures in renewable energy. It appears this sector will lead the way for economic growth in Colorado for the foreseeable future. o Although Colorado will fare better than the rest of the country, it cannot be totally insulated from broader economic issues. Ongoing corrections in local real estate markets outside Colorado will indirectly impact Colorado, as fewer people will be able to afford to travel or buy second homes in Colorado. v Further weakness in the banking sector could cause businesses and consumers in Colorado to find it more difficult to borrow money, which would definitely have a negative impact on the Colorado economy. On the more local level of Downtown Boulder, development continues to be strong. 1'he following projects (that will generate additional disposable and taxable spending} are documented in the June 20 - July 3 issue of the Boarlder County Business Report: ¦ I SUS Pearl St. - 22 residential units and 14,000 square feet of commercial space. ¦ 1095 Canyon - 78,000 square foot, four-story mixed use building (20,000 square feet commercial space and 25 residential units). ¦ 1655 Walnut St. - 60,000 square foot residential building with 34 units. • l 707 Walnut St. -Residential project with I S - 17 units at the site of the former 7-Eleven. ¦ ] 301-135? Walnut St. - 55,600 square foot mixed-use building. • 915 Pearl St. - 21,524 square foot mixed-use project called The Eldridge Building. On the subject of the Boulder Valley economy, excerpts from Richard Wobbekind's article in the April I 1 - 24 edition of the Boulder County Business Report follow: ¦ ...the Boulder Valley economy has been vibrant in the past year. 'fhe 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 quarter 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. • (liven 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 Gunbarrcl location. ¦ Solid 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 for 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 Keal Estate Update in the May 5 issue of the Boulder County Business Keport includes the following: • 1'he retail category of commercial real estate....vacaney rates dipped below 6% in the fourth quarter of last year. That is, in practical teens, full occupancy. The May 9 issue of the Baulder County Business Report states: ¦ Office vacancy rates in the Boulder Valley fell to 11.6% during the first quarter of 2008, signaling that the local market may be ready for some new construction. A 10% vacancy rate typically is seen as a healthy market that could warrant new buildings. ¦ The first quarter Boulder commercial vacancy rates were as follows: Office 12.2%, Flex 5.4%, and Industrial 8.4%. Also included in the May 9 issue of the Boulder County Business Report is a reference to new residents in Boulder (which brings new disposable income into the city): • The first residents of'fhe Peloton, a new 385-unit mixed-use development in Boulder started moving in during early May... • About 60% of the first 190 units in buildings C and D have been soId... Building C with 76 units is complete and residents are moving in. Building D with 114 units is expected to be complete in July. The 2008, Quarter 2 Business Leaders Confidence Index is optimistic regarding the Colorado economy: • Only 10% of the 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 term. • Panelists are more optimistic regarding the Colorado economy. Almost 19% anticipate the state economy will perfortn better in the second quarter, while nearly 33% think the economy will remain unchanged. About 48% of respondents believe the state economy will perform worse in the near term. ¦ Although we arc 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: ¦ Althvugh there are signs of slowing 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. ¦ I Iowever, there are signs that consumers have begun to be overpowered by the negative factors and a sluggish job market. The persistence of the negative factors weighing on consumers, coupled with a weakening of personal 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. :\chutl ChmtgC in ChangC inActual Change CumparnblC 1'olal Vet Sales/Use Tax Receipts by Tax Calegury 21107 ' 211(18 Dnilars itr PCrccntal;e Cn1leClionS °4, of Total Salcs'I'ax _'.6x4,139 27,12x,351 -;;;,755 -2.01~v6 ?.?(;9~5 ~-fl.il';L Business Use Tax 2,5I6,17g ;,496,419 650,3111 24.16';. 2'J.ti2^,~ I(i.40"r5 Construction llsc'1'as 1,667,428 2,?08,500 541,071 32A5'% :18.28%. 457%, Motorvchiclc 952,510 828,301 -124,209 -13.04% -9.21°/: 2.4(1% Refunds -SU,359 -49,360 999 -1.9x"/o 3.33°./° -O.15% 'Total Sales anti Usc'l'ax 31,069,896 ?3,612,271 142,375 I.ti~le4, 6.1 I°.w 10(!.00'%% A•1:\1' Y'fU Actual Actuitl Chum,7,c In C'han~c in Acnt:d C:hangc Congru'ablc Total Vct Salcsrl!sc Tax Recciptc b) Industrc 'Pvpc 21107 21108 Dull:+rs in 1'crcenta~C Cullcctions % of 7b1a1 Food Sto:cs •1,•176,x(14 -1,403,[,15 -7.;,1x5 ~I.o3"•° 2.<i9'S~ I ~.10'St~ Gating Places 4,290,679 4,446,777 156,098 i64'~;~ S.20i~ 13.23;' Apparel Stores 1,007,869 1,057,579 49,710 4.93'% 9.55% 3.15% Home Furnishings 1,037,799 1,022,900 -14,899 -1.44% 2.90% 3.04% Gencrai Retail 6,467,039 6,747,847 280,809 4.34% 8.93% 20A8% Transportatiort/Utilities 3,294,948 3,380;669 85,720 2.60'% 7.11% 10.06% AutomutivcTradc 2,513,964 2,146,591 -367,374 -14.61% -lO.Rfi% 6.39% Building Material-Retail 1,217,318 1,192,954 -24,364 -2.00% 2.31% 3.55% Construction Usc Tax 1,536,722 1,694,099 157,377 10.24% 15.09"/o S.U4% Construction Sales Tax 142,452 117,492 (24,960) -17.52% -13.89% 0.35% Consumer Eilcctronics 971,927 8G3,fi07 -108,320 -11.14% -7.24% 2.57% Computer Rclatcd Business Sector 1,821,047 2,015,7Ei1 194,714 IO.G9% 15.56% 400% AI.Othcr ~,341,fiS6 4,571,740 230,053 5.30°/ 9.93% 13.60% Ret'unds -SO,:iS9 -/-9,36(1 999 -I ~J8'% 2.33% -0.15'% "lbtal Sales and 1!se Tax 33,069,896 33,612,271 542,375 1.64'% 6.1 I% 100 00°/, 1U~1` 1''I'D :\ctual (:hangs in :\Ch+a) C'hangc Cmuparab)c I'utal Vet S:tles/Use'I ax Iteceipls by Geographic Area 2007 2008 Dollars in PCrcentage Colicetions of Total North Broadway 469,130 ~17G,G90 ',560 l.Gl's> 6.081 ~.~~2"~~ Downtown 2,287,»18 2,546,252 258;835 11.32°!; 16.2]'% 7.58°/~ Downtown Extension 198,592 192,283 -6,309 -3.18% 1.08% 0.57% UHGED (Ihe "hill") 453,783 439,411 -14,371 -3.17% 1.09% 1.31% fast Downtown 311,897 279,772 -32,125 -10.30% -6.35°/> 0.83% N. 281h St. Contmercial 1,992,706 1,885,533 -]07,172 -5.38% -1.22% 5,61% N. BroadwayAnncx 160,061 194,476 34,415 2LSU% 26.85% 0.58% University of Colorado 361,757 364,704 2,947 0.81% 5.25% 1.04% Bascmac 532,084 756,294 224,210 42.1A% 48.39% 2-25"/0 BVKC-Boulder Vailey Regional Center 6,828,770 6,571,538 -257,232 -3.77% 0.47% 19.55% 29th Street 1,886,834 2,378,976 492,142 26.08% 31.63% 7.08% Table Mesa 879,084 895,121 16,036 1.82% 6.30% 2.66% "fhe Meadows 491,860 442,053 -49,806 -10.13°/> -6.17"/0 1.32% All Other Boulder 7.,334,564 1,719,917 -614,648 -26.33% -23.09% 5.12% Boulder County 407,"ll9 426,2(16 19,047 4.68% 9.28% 1.27°/u Meiro Dcnvcr 1,276,473 1,194,203 -82,270 -6.45% -2.33`% 3..55% Colorado All Other 47,153 60.634 13,482 28.59% 34.25% 0.18% Out of State 3,162,801 3,002,000 -16Q,801 -5.08% -0.91% 8.93% Airport 3,705 3.693 -12 -0.32% 4.Ob% 0.01% Gunbarrcl htdustrial 1,188,166 2,090,895 902,729 75.98% 8.1,72% 6.22% GunbarclCommcrcial 407,105 4U4,027 -3,077 -0.76°/> 3.Eil% 1.20% Pearl Street Mall 876,528 897,826 21,299 2.43% 494% 2.6T% Boulder Industrial 3,110,832 2,626,903 -483,929 -15.56% -11.84% 7.82% UnlicenscdRcccipts 261,883 638,014 376,131 143.63°/<~ 154.34% 1.90% County Clerk 952,510 828,301 -124,209 -13.04"/0 -9.21% 2.46% Public Utilities 2,237,341 2,345,845 108,504 4.85% 9AG% 6.98°/u Refunds -50,359 -49,360 999 -I A8% 2.33% -0.1.5% 'I'olal Sales and Use'I'ax 33,I1G9,R96 33.612,271 542,375 1.64'% L.I 1'%0 !00.00'% ~lAl' 1"17) ;lclual lax Kcvenuc io C'h:rngc in Chan; c In Misccllaneous'l'ax Statistics 20117 2008 Ch:utge Revenue F:txahle SaICS lo!al Food Jcn~icc'fax 155,•1?? 205.921 17x149 9.26°.~, 9.26°% AccuinnwdationsTax 1,159,460 1,256,992 91,532 7.A9?S 7.89'; Admissions I'ax 123,226 2(15,349 82,123 66.G~1% 66.64% [.icense Fees JU,600 11,075 475 4.48% 4.48% Trash T'ax 302,475 633,674 331,199 109.50% 109.50% USE x SALES COMPARISON OF YEAR-TO-DA'Z'E AC'1'UA1. REVF-NUE FOR THF, YEAR 2008 TO COMPARABLE PERIOD IN 2007 'i'hc salts lax rate decreased from 3.56"o in 2007 to i 41`56 m ?008 USE T.4X BY CA'I'EGOKI' SALES TAX DY CATEGORY IA' ('hauge in Actual C'hangc C ontpar;tbl~~ 2007 2008 in Dollars Cvllcctiims Standard Industrial C'odc ;?OOH 24,030 29,391 5,361 22.31°~~ 27.69% IroodStvres 4,~!'~2,774 4,374,224 -78,550 -IJG`r„ 2.56"/0 R3,G40 82,841 -799 -0.95'%, 3 40°/" Eating Places 4,207,039 4,3(13,936 I5C,,897 3.73`75 8.29% 22.837 11,935 -10,902 -47.74"/ -45.44%n Apparel Slores 9SS~032 1,045,644 60,612 6.15°'0 10.82% IU,640 5,034 -5,606 -52.69% -50,61% Homc Furnishings 1.027,159 1,017,866 -9,293 -0.90% 3.45% 384,018 463,753 79,735 20.76"/0 26.08% General Retail (,,u83,021 6,284,095 201,074 3.31% 7.85% 11 U,l 14 137,851 27,737 25.19% 30.70% Transportation/L;tilit:c> 3, I R4,R34 3,242,817 57,983 L82% 6.30% 966,729 841,762 -124,968 -12.93% -9.10% AutomotiveTradc 1,547,235 1,304,829 -242,406 -15.67% -11.96% 7,060 6,533 -527 -7.47% -3.40%, Building Material-Retail 1,21U,25R 1,186,422 -23,836 -1.97% 2.34% 1,536,722 1,694,099 157,377 IU.24% 15.09% Construction Use Tax 0 0 0 na na 0 0 0 na na Construction Sales 1'ax ;42,452 117,492 -24,960 -17.52% -13.89% 28,393 42,981 14,588 51.38% 58.04% Consumer Electronics 943,534 820,626 -122,908 -13.03% -9.20% 920,274 1,322,964 402,690 43.76% SU.08% Computer Related Business 900,772 692,797 -207,976 -23.09% -19.71° 1.341.658 1,894.13_` 552A77 41.]8% 47.39% All Other 3.000.028 2.677.6(14 -322,424 -10.75% -6.82% 5,436,116 6,533.280 1,097,164 2018% 2SA7°/" IoLeISalCSendUsf I3x 27,684,139 27,128,351 -555,788 -2.0]% 2.30% USE TAX Bl' CA'1'EGOKI' SALh:S'I"AX BY CATEGORI' dual M1IAY YTD Actu,il Act.'. ;~cttu+l :\cur,l <:hargv in dual C Chnn; , Change in ('hange n: Comparable in Dul i'ct:rulagc ,,I' Geographic Code Dull:ua Percentage Ct?Ilcctirnts 30,:80 28,827 -1,353 -4.48`% -0.28% North Broadway 4t>i'+SU 4,1~,,~r~t 1,91 : 6.5?'%~~, 122,707 398,546 2'15,839 '124.80% 239.08%, Downtown 2, I u4,71 I ).,147,707 -17,005 -0.79%, 3.58% 1,992 4,271 2,279 114.43'% 123.8(1"/o Downtown l:xtcnsion 196,600 188,012 -8,588 -4.37% -0.16% !0,122 5,231 -4,891 -48.32% -46.05% UHGIll (the "h`.II") 433,661 434,181 -9,480 -2.14% 2.17% 45,092 33,585 -11,507 -25.52'% -22.24°/n East Downtown ?66,805 246,186 -20,618 -7.73% -3.67% 27,597 32,865 5,269 19.09"/0 24.33°/u 28th St. Commercial 1,965,109 1,852,668 12,441 -5.72% -L57% 18,418 47,017 28,599 155.28"/o IG6.51% N. Broadway Annex 141,643 147,459 5,815 4.11% 8.69% 16,120 6,351 -9,769 -60.60% -58.87% University of Colorado )45,637 358,353 12,716 3.68% 8.24% 9,748 221,718 211,969 2174.41% 2274.46% Basemar 522,336 534,576 12,241 2.34% 6.85% 196,172 154,327 -41,844 -21.33% -17.87% BVRC G,ru2,599 6,417,211 -215,388 -3.25% 1.01% 72,563 32,431 -40,132 -55.31% -53.34"/0 29th Street I.~ 14,271 2,346,545 532,274 29.34% 35.03% 44,273 42,666 -1,607 -3.63% O.GI% TableMe~a 834,811 852,454 17,644 2.11% 6.61% 9,945 5,376 -4,569 -05.94% -43.57°/ The Meadows 4~ 1,914 436,677 -45,237 -9.39% -5.40% 1,197,406 911,584 -285,822 -23.87% -20.52% AllOthcrBouldct 1,:37,158 808,333 -328,825 -28.92% -25.79% 107,520 139,830 32,310 30.05% 35.77°.. F3oulder County ?99,698 286,436 -13,263 -4.43% -0.22% 143,508 91,798 -51,710 -36.03% -33.22% Metro Denver 1.132,yh5 1,102,406 -30,560 -2.70% 1.58% 1,536 22,074 20,538 1337.15% 1400.37% Colorado All Other x5,617 38,561 -7,056 -15.47% -I 1.75% 188,785 151,704 -37,081 -19.64% -16.11% OulofState 2,974,016 2,850,296 -123,720 -4.16% 0.06% 2,122 44 -2,077 na -97.82% Airport I ,584 3,649 2,065 na 140.54% 944,460 1,738,383 793,923 84.06% 92.10°./o Gunbarrellndustrial 243,707 352,512 108,805 44.65% 51.01% 1,298 572 -726 -55.95% -54.020/, Gunbarrel Commercial 405,807 403,456 -2,351 -0.58% 3.79% 12,513 3,978 -8,534 -68.21% -66.81% Yearl Street Mall 864,015 893,848 29,833 3.45% 8.(10% 1,059,438 953,619 -105,820 -9.99% -6.03% Boulder Industrial 2,051,393 1,673,285 -378,109 -18.43% -14.84% 166,695 583,049 416,354 249.77% 265.16"/„ t;nlicensed Receipts 95,188 54,965 -40,223 -42.269% -39.72% 952,510 828,301 -124,209 •13.04% -9.21% County Clerk 0 0 U I1DIV~0! na 53,396 95,131 41,735 78.16'%, 86.00"/~ Public Utilities 2,183,945 2,250,714 66,769 3.06"i 7.59°/, 5,436,116 6,533,280 1,097,164 2(1.18 25.4'1°/, '1'ut:rl Sales and Use -l'ax 27 684,139 27,128,351 -555,788 -2.01 % 2,30% Tai h`,' V.c ~4. C: a'cgon TOTAL CITY SALES AND USE 7AX COLLECTIONS I ' ' C.han>;c in REVENUE CATEGORY YEAR JAN FEB MAR APR MAY JUN JUL AllG SEP OCT NOV DEC TOTAL Tazahlc Sal - RETAIL SALES TAX 200' 4 J ' 824 .489.252' E <47.377 ~ r,,635.E3» 4,424,20 ` E'S0 0 4 463.685 4 4!; -8 1 t !52 076. c 5' 6 6001 6,6 .l 307 _ 62 069 5<3, - - i_ - _ L. _ - - _ _ 1f- _ _ - _ _ _ _ 7002 I 4 x~9 744 ~ 3 903 95? 1i .508202' a 544,590 4.6b2370 S,b6"i_t ~ 4 !8',. 2 4 725,3 S 5 , Ji,, 5 66 769 3' 0 426 272 80A S7 7<5 37 i 7 23 _ _ _ 2003 ! 3 AJ1 3141 3,874.955 055.'36 4 093 X68 c 264,729', 5 232.376 ~ :6~ Fub 4 683.9821 5.' 75„ Bt I 4.288 2' 3 < 2c6 9? 5.HC0 '7 5< 9) 48 4.94° -_.1_ _ _ _ t Rate Chg 326%>3At% 2004 4394,136 4170.467 ,,.327.057 4,339,544 4,467.7i55~ 5,340.55 <,333..28~ 4.t44.658~ 5,542.805 4<50737 4,5:962Q E62.03..I b8229.B4a 7A5'/° Rate 3.47 % 2005 I 425<047 4,453,370 S 232 3891 < 3 x 026 c 576,864 S 535, v 96 ~ < e94.O Jy ~ 0+3.3751 5.550 916 4,54 790: d.7fi9 100 b ~ .925: 59 76ES.680 2 Se '<006 I a.7?<.249 c,Ei45,a361 5,537.253+ 4659458 <,88233t 6.129,363 4,73777 5237.757 G_'.SB Cf6 4.95_0.305 <,3B/N471 7.89768 63969.446 _ 770% - - - - 1 Rate Chg3<7'io>356% 2007 I S 18.353 5.014 b'S 6,910,42`~i S 720<9 5.500.70-: 6.712.841, 5.5653711 6.393.02Ei 6,954,3771 5,147.963 5,695,r031 e,<t ~dt~ J3.tE4.9p6 980% Rate Cha3_56%>341 % 2008 _5.'97400 5,505.109 6.Q05.94fiI .x,.447 5,486_,450_ ~ r 27 728351 -6'.25?; - rt- _ r : Ch qe mm pr or yeac (MOn:h) ~ 6C"% 6.28/° 937% t 40 c ^J'~° - 00 O".° ~700~00'/°. •100 C0%i ~100.OG% -10000% ~'~OO OC%~ ' ~ - t i _ C,ha a •o~n Aror year (YTDj ' 6C'% 6 -0t5%,~ Ib4' 230°6 -1766% 2913%7 .iY9Y°~ -0687% •52.04`/,l -5626% 6'29% - - - CONSUMER USE TAX I 200+ ~ 7.765,937 899, 7291 771.836 a.623 889.t3t~ :p27 E>t8i 1.01',687 575.272 95S.6B3~ 1,4'.5,769 7487<0 _0 a6 _732 a. Si 2002 7?6.462 Sb5.976j Z X800 7A~856 c9L?.31 ,097,779 8!18,999 671.088 648,455 767.543 6289761 .t<'+.296 96<7~ Q7.39% _ 2003 798.157 5+7.5591Bdb._98~8719~2 706,20b_~ 962.785 656,799 879.764 914,869 635,455 ' 045,'0321 '.CS<, 566 9903.6321 287% Ratn Chy326%>3.41% 2004 980,229 665.0181 B99,c531__7c<.692 724.614] S6b.974 810,874 922,46? 9x1.990 728.634 750.5771 ; tst_77si1 '.0.275.625 •7.38'/, Ra;e34c% 2005 827,887 507,036 951.085 76.6'4 7,iG3.592~ 7.001.048 864.720 788,x65 1.094,030 %58.3371 964,4671 '246.3001 "30.'80 8.95% _ _ 2608 ~ 686.686 517,101 ?.2771461 577.?44 964.5291, 781.362 695403 776,258 :.054,696 727.7761 '092,2241 '247,'571, •6.837,482 -4.4386 Ra:e Chg3<"%>3 S6% 2007 763,650 574,006 975,178 722,658 733_.'.901 858_072 975.456 652,867 923.667 7324637 7^6,317 -S r~''• L--'0.203.072 -d'3°rc 9 'c%>34'% 2008 878,034 597.472 091E^)_ fic32?4 73(1,90: R e _ _ ~ i 4324 787 •55.75% Chago_0_Tp•:oryoar(MOnth) is g3% 8033% 8 74.5 e~z :'~3 %~---•10000% -100,00% 10000% •100.00%I .:Lb.00%I •160.00%I -t 00,- Cha yo `~a:n p•lar ye4r (YTD) ~t.B3% 41-22% x. 7d 23 +960%I -242°b -'9.4t% •27.81% -3710%I -42939°1 4/67% 5.75°h~ I ~ ~ I I I CONSTRUCTION USE TAX 260'. 79`,4% 33',37Ej 126911 171'47 98,'241 '67,243 227.005 3'",433 _ 471446 3'.9 UBSi '34510 '06,253 2441,850 - 2002 214010 965,St9~ 282'+92 442.587 275,364 7,781.806 ~ 795,374 197.745 1587 3~ ~~~1fi7213~ 7674°< 3at.C0b 4.777,7731 Bt% 2003 504,449; 127,585 36.559 238246. 475,756 675,308 220,413 259.946 239,337 16'.9131 292 _g3~ .3851571 3.256.6531 -21.94% Rasa Chg3.26%>3.41% 2004 210.303 336,148 307,487) 497426 229,416 :81,732 204,851 155.409 2'2,299 1;9.283 236.45_9: 263067 3.048.978' 10.80°i° Rase 347% 2005 9?2,585 782,540 287.865 481,8/8' 456,073 9'3.197 '.86,408 235,308 282-503 2762a7~ 266.041---5?4976_ 5.597,684 83.59`.6 2006 197263 331341 420.749 294,094 337,2371 774.4771 352.533 267,409. 343,749 5S9,y1S1 4'0.9581 '.018,272 5,30?,000 -5.28% Ra et,hn 3A-./>3.56°6 _ 2007 _ _253 C7A 3x7860 _ .20 6 293 C6' 627p'.3f <30207 -,7t9~425 259.226 421,376 266 241 376974• 254590 4d'c,755 _ •+3A2% Ra cChg3 c % 3 4 2008 330,086 347 219 744 04d~ 484 197 :177 Ab ~ ~ I 22C8.500~ 62.7'% C-1a :ne o~r1 ,,.-xr ea'(Nnn:,' 1 17.84%.. 4<'CI~ - - - - - - - _ S ~I Cb o_r 670?'/° <492~ - --.00 CO% 10000% ~CO.W% •70`6.00°io -:OO.,.,.,LI 100..;0 ~0% C,a^ya'~o "t.„0r yea'(YTDj ' 1J Sd'nI '0?i 70`Po; 57 rJ'i° 552?'.a 952% -2833% -33.67% 40.85% -44.96;% -45.<5i6 - I _ - ~ - -1 - - - ' TOTAL FOR MONTH 8 CHANGE FROM PREVIOUS YEAR (MONTH 6 YTD) 1 ~I :1 ~ 63'4,957 5779756 6 3 903 b ;'0 3 t,YG /564.901 5,702.381 6,727.295 7,315,E<7 6.526328 48 909 8,0l9.756~ 7987 53~- 2....2 54692:6 5.035,449 '~>i.:i 94 >,t33 39e.,u I 7936,839 5.385,493 5,594,'39 6,376.977 5,1u3724~ _,1t 031 7fi 0769 __71524_3%, -93'86 2003 4,774_9201 4.514.099 CAo0.093~ 5,209,277 5.4_6.6,77'f 6.870.470 S.C<4.897 5.%43.'01 _Q's26.18E! 8.095.881] 5,585,5387,380.897 _ bB.03' 774 a.AB% Rate Chg 3.26%>341% 2004 8.8847481 5,571,633 6.673.997 5.572,7'2 5.4'8,0881 ti,369,281 5,348,553 5.827,468 0.697.093 5.24Ei.647 5,808.0591 8.066.899 ___7',49<,c48 O.a7% Ra.c3.41% 2665 5.995.5:3, 5.742.346 547'.340 5F331.5'.B: 6.736.529 7649,441 5,545.207 6.037.752 @927,449 5,576.974 6,026277; 8,6582': 76.436.845 6.9^', - 2006 5,678.198 8.493,878 7,?38,748, 5.530,6%' 8.+gaA96 7,685.745 5,985.7091 6,275.424 7„554.560 6.238.056 S,E9?0301 t:;,'9/0c6 79088.9_28-~-4.52% Rate Chg345%>3.56% 2007 6.775,U6t 5.436,481 P.,IX18.6'S 6'47,766 6655,311 8_iNt 20 7,fi60.2521 7,304.754 8.299,420 _6_,766.9511 6,7Ei8.99 t,^,.240.982 B5 "&2,7321 8.73% Rte ._356°h>347% 2008 6345.5?3 6.443,800 7863.65x1 6.455<59 6557.206 0 01 0 0 0~ 01 0 ~:c t,f:.37 60.15% 200? 2,987 •78430 20.4!11 77.860 1,C 76 -447 _ ~3.466~ •8.226 -3)79 5 821 -5.835 7.780 I css Rca,mds _ _ 2602 ,154. -230 '3.+361 U~ J,<39 -`3.993 -5271 '0.222 •12': 20< -21 896] 548, -'0.085 •97,?15 - - t - -~It- ' LCSSRe^47148 2003 •34.330 -8.827 -7,078 -:34.758 -4'.772 -76,328 -4221 •596 -69.164 -3.779 579] 48.599 •a_2a,272~ - 20-04 -1,343 -70,505 -636 -872: -5.963 -751 -1,299 4,643 -244 -27-3761 •57581 -4-330 -63.061 200.5 ~ -246 -66,044 _ 909 ----_2,666`--_-1.647 -10.080 -3,062 ____4_207 _-846 -7.586 0I -4,757 •%,057 - -2006 -40,302 -5272 •22,767 -363; -5.099 0 0 -7,568 ~8C6 - ~--5.947 4061-~~ •16,773 105,296 2007 0 -38.297 •2.0'3 -729' 9,326 -74,547 14,440 -6~/l. 0 -5.963 -5015 -91,001 Less Refurds 2008 -978 0 -46974 1,409 0 _ _ _ _ 1 ~ .49.360 Adjusted total-- - 200; ~ 6.311,976 5.6x0,826 ._8,' - - ~ 7 129 5,687,550 5,976,439 7,804 CS7~ .656,895 6_<:9.063I 7_3:2,362 B.S2'.-46~ 5 cE 90 r 8,073 °17 !8,713.373 2002 54fi8.C62 5,035.259 6.81. 2SB 5771,733 5.391,75'1.1 7,52284 ,384967{{ 5,583471 6,2%,713 5.0A",828 5.7"0 x83 7.800105 773?7,:81 -938% ---200 4.740,597 4.805272 6.023.015 5074 p79 1.424,999'; 6,794062! 644 6751 5,742505) E,2D 7.C<3 5:8',802 5,586,9551 J,_3o4,<58 67.8.^.7,502 ---5..27% r~____-_--__. Rate Chg 3-26%>3.47% 2004 5,593;:08 s.tfi7,t 28 6.6'3.354 5.571,040 5,409.'2', 0,389.' 0 5,347,554 5.622,825 6,646.8x9 5.'e71.3.9 $,:02.30'1 6.062,569 7'.<3',3A6 701% R_ate3at% 2008 I S.93S 260 5,076,902 6470.431 SE28,852 6.'.3<,8B2~ 7e39.3611 5,5<2.545i 6,032.946 6.976.[:,03 8875,388 6,026.2?7, 6.691<46 76-340,493 6.87% 2006 ~ 5,577,896 5,x88,606 72'.2,39b1 5.530.333 6."78.998 7,68_5.'451 5.985.7091 6.267.d56~ 7,553.694 6.232.770 5.89_ 0.8241 76.780,273 79.703.631 457% Rate Chg3.4t%>356% 2007 ~775.Cb7 5.898.590 8.OC 3.602 6.147,639 (1,845,9841 7,586.872E J,6<56'2 7.304,077 8.249.420 6,760.986 6,!88,999' 10235.967 88.097,731 5.78% 2008 6.344 5 6 6?c3 800 7 0 6 68:: 6 454,050 ~ 6,.553.20811 0~ 0 0 0 O i 0' 0 33.612.271 -60.? 7% - 1 - f' Cha,ge (a:orth; I 7<6% '<C65~ Jb% 9g';~ -U 07:6' •'OO tYJ% •+00.0090 -10000% ~'Oi. 00% -100.00%~ 'OOC-!~ X300_% 9°Chanpe (YTD7 7.<E°i° 'O 88'7 J.So %72°t 611"r: •+453% -2795%1 37?4°4. ~543`n -5067%1 54931 -~-J7, Sales Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Eating Apparel Home Gen. GRAND Stores Places Stores Furnish. Merchandise Transport. All Others TOTAL 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 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 Julv 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 4,013 39,790 10,684 2,687 18,339 10 4.173 79,696 2007 TOTAL 56,250 579.412 72,123 30,921 352,147 10 11.224 1,102,088 2005 sales tax rate of 3.41 Janua 3,577 39.152 2,763 2,294 64.727 - 612 113.123 Februa 4,775 53.885 2.618 1,443 18,935 - 302 81.957 March 4,884 44,974 4.036 1,755 16,330 - 1,017 72,996 ril 5,437 62,048 3,268 2,042 17.910 - 576 91,281 Ma 4,634 42.690 5,756 2,250 18,885 - 608 74.823 June - - - - _ _ _ _ Jul - - _ _ _ _ _ _ Au ust - - - - _ _ _ _ Se tember - - - - _ _ _ _ October - - - - _ _ _ _ November - - - - _ _ _ _ December - - - - _ _ _ _ 2008 TOTAL 23,307 242,748 18,440 9,784 136,787 - 3,114 434,181 Change from 2005.2006 2.09% 6.15% -12.25`% 14.38% 11.78% -90.07% -25.65% 5.28% Change from 2006-2007 -4.66% 6.51% -20.16% -10.37% 4.96% -90.99% -18.09% 2.31% Change from 2007-2008 -1.96% 1.26% -9.75% -23.27% -4.96% #DIV/0! 2.15% -2.14% Change from previous year month -4.64% -22.62% 15.65% -17.85% -15.34% #DIV/0! 10.69% -17.42% S:\CMO\DUHMDPS\dmc\BUDGET OJ\UHGID dj\UHGIDSIC NOTES: Percentage change calculations for 2007 have been adjusted to eliminate the impact of the increase in the sales use tax rate. Sales and Use Tax Revenues Generated in the UHGID Area by Standard Industrial Classification Food Eating Apparel Home Gen. GRANO Stores Places Stores Furnish. Merchandise Trans rt. Construction Ail Others TOTAL 2006 sales tax rate of 3.41% Janua; 4,180 41,175 7,910 2,689 61.593 - 140 517 118.204 E=ebrva 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 April 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 A~ 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 7.54& 1,885 12.900 - 68 503 61.277 Decerr.ber 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•/. Janua 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 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 Decemoer 4,013 39,792 10.684 2,687 18,340 10 281 4,895 80,703 2007 TOTAL 56,250 588,610 72,142 30.921 353,173 10 6,557 12.704 1,120,367 2008 sales tax rate of 3.41% Janua 3.577 39,152 2.763 2,294 64.734 - 441 612 113,572 Februa~ 4,775 53.887 2.618 1,443 18,938 - 14 302 81.976 March 4,884 47,980 4,036 1.755 16.345 - 45 1,224 76.268 ril 5,437 62.048 3,268 2,042 17,914 - 3 576 91.288 Ma 4,634 42,694 5.756 2,250 18.899 - 1.466 608 76,308 June - - - - - - - - - Jul - - - - - - - - - Au ust - - - - - - - - - Se tember - - - - - - - - - Ocaober - - - - - - - - - November - - - - - - - - - December - - - - - - - - - 2008TOTAL 23,307 245,761 18,440 9,784 136,829 - 1,970 3,321 439.411 Change from 2005-2006 -3.27% 6.47% -12.25% 1G.38% 11.77% -90.07% -46.99% -23.84% 4.64% Change from 2006-2007 -4.66% 7.21 % -20.14% -10.37% 5.09% -90.99% 29.17% -14.85% 2.88% Change from 2007-2008 -1.96% 0.49% -9.75% -23.27% -5.11 % #DIV/0! -58.54% 0.42% -3.17% Change from previous year month -4.64% -22.62% 15.65% -17.85% -15.30% ltDIV/0! -46.24% 10.69% -18.25% NOTES: Percentage change calculations for 2007 have been adjusted to eliminate the impact of the increase in the salesluse tax rate. S:\CMO\DUHMDPS\dmc\BUDGET DJ\UHGID dj\t1HGIDSIC UHGID Yearly Summary City Wide Yearly Summary Sales and Use Tax Broakdown by Industry Category UHGID Sales and Use Tax as a Percent of Total City Wide Sales and Use Tax Food Eating Apparo) Homo Gonoral Eating Apparel Homo General Stores Placos Stores Furnishings Merch All Other Total Food Stores Places Stores Furnishings Merch All Other Total May 2008 $23.307 5245.761 518,440 59,784 5736,829 $5,290 $439,x11 May 2008 $ 4,403.615 S 4,446,777 $ 1,057,579 $ 1,886,507 $ 6,747,847 $ 15,069,946 $ 33,612,271 S% 56% 4% "t% 31'% 1°/ 100% 1"h 6% 2% 1% 2% 0% 7.3% 2007 $56.250 5588,610 572.142 $30,927 5353,173 $19,270 $1,120.367 2007 511,205,584 510,888,135 S 2.804,311 $ 5.522,090 $18,040,152 $ 39,631.459 S 88,091,737 5% 53% 6% 3% 32% 2% 100% 1% 5% 3% 1% 2% 0% 1.3 % 2006 $56,511 $525,911 $86.527 $33,045 $327,897 $19.261 $1,043,152 2006 $10,392,069 S 9,582,212 $ 2,424,694 $ 4,611,056 $15.402,540 $ 37,371.060 S 79,783,631 5% 50% 8% 3% 31% 2% 100% 1% 5% 4% 1% 2% 0°/ 1.3% 2005 558,421 $493,955 $98,605 528,891 $288,004 $29,024 5996,900 2005 $10,046,723 5 8,995.846 $ 2,362,366 $ 4,465.788 $14,587,419 $ 35,882,350 $ 76,340,492 6°k 50% 10% 3% 29% 3% 100% 1% 5% 4°k 1 % 2% 0% 1.3% 2004 547,446 $461,253 $87,695 $25,958 $301,938 5124,607 $1,048,897 20^v4 $10,148,86' $8,637,718 52,232,747 $3,118.312 $14,123,007 532,171.342 $70,43',387 5% 44% 8% 2% 29% 12% 100°!° 0% 5% 4% l% 2% 0% 1.5'/0 2003 543,618 5x17,782 $94,036 535,450 $304,099 546,965 $941,951 2003 $9,052,658 57,847.285 $2,046,951 $3,922,549 $13,1&5.423 $31,552.637 $67,607,503 5% 44% 10% 4% 32% 5% 100% 0% 5% 5% 1% 2% 0°k 1.4% 2002 $42,268 5407,606 $89,454 $34.104 5313,795 341,419 5928.646 2002. $9,294,397 $8,133,237 $2,346.305 $4,164,992 $13,572.651 533.815,600 $71,327,182 5% 44% 10% 4% 34% 4°k lOD % 0% 5% 4% 1% 2% 0% 1 3 % 2001 $41,988 $394,142 5103,513 335,711 5316,763 $26,961 5920,478 2001 $9,312,676 $8,384,190 52,646.021 $4,537,112 $15,553,807 $38,279,526 $78,713,332 5% 43% 11% 4 % 35% 3% 100 % 0% 5% 4% 1°h 2% 0°k 1.2 2000 534,841 $378,042 599.206 $39,066 $366.669 $17.242 5935.066 2000 $9,080,910 $8,484,601 $3.159.262 55,915,794 $17,887.211 536,269,737 $80,797,,15 4% 4G% 11% 4% 39% 2% 100% 0% 4% 3°k 1% 2% 0% 1.2% '999 536,414 $345,800 592,878 $46,325 $345,546 55,309 5874,272 1999 $9,207,721 $7,790,648 $3.359,914 55,553,219 317,008,884 $33,893,706 $76,814,092 4% 40% il% 5% 40°k 100% 0% 4% 3% 1°k 2% 0% 1.1% 1998 $33,781 $350,299 5126,670 540,532 $306.191 512,898 5870,371 1998 $8,932,097 $7,469,094 $3,252.729 $3.570,448 515,736.140 530.637,104 $69,597,612 4°k 4D% 75% 5% 35% 1°h 100% 0% 5°k 4% 1% 2% 0% 1.3% 1997 537,537 $323,175 5126,465 539,846 $31fi,999 59,035 $653,057 1997 $7,739,779 56,797,237 52.781.018 53.129,089 $15,439,169 $28,494,047 $64,380,339 4% 38% 15°k 5 % 37 % t % 100% 0% 5% 5% 1% 2`'/0 0% 1.3% 1996 $33.742 $342.802 5145,274 $74,088 $377,7.3 $15,788 5929,437 1998 57.611,055 56.614,561 52,782,119 52.862,572 515,111.950 $26.975.579 $61,957,866 4% 37°/ 16% 8% 34% 2% 100% 0% 5% 5°/ 3% 2°h Q% 1.5% S:1CMOIDUHMCPSIdrnc\BUCGET DJ\UHGID dj1UHGIUSIC UHGID Sales Tax Revenues (NO use tax) 2000 2001 2002 2003 2004 2005 2006 2007 2008 January 83,022 96,846 100,032 99,422 98,853 118,058 120,247 113,123 February 65,046 56,994 63,769 64,521 72,140 79,436 78,684 81,957 March 64,537 68,740 69,760 72,985 72,060 75,944 75,112 72,996 April 60,826 68,547 62,055 66,129 74,662 82,378 79,016 91,281 May 61,329 56,306 62,078 65,583 61,131 68,638 90,603 74,823 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 79,696 Totals 920,684 911,224 906,884 929,322 947,770 980,005 1,031,777 1,102,088 434,181 Tax Rate 3.26 3.26 3.26 3.26 3.41 3.41 3.41 3.56 3.41 UHGID Sales Tax Revenues 160,000 140,000 120,000 2001 2002 100,000 2003 ~ 2004 80,000 i 2005 60,000 ~ - 2006 2007 40,000 2008 20,000 0 ,~~J,~c~`°`J~~ PQ~\ ~a~ ,~~e ~J~~P~~Jy~ ~~~eOG~O~~~,~~~~~G~~~e~ F ~eQ ~o Oe S:\CMOIDUHMDPS\dmc1BUDGET DJIUHGID dj\UHGIDSIC