HomeMy WebLinkAbout2024_09 SALES TAX REPORT GENERAL
$28.9M
Sales tax revenue collected through
September 2024 3.4%
Overall increase in sales tax over same
period prior year 27%
Represents Services, the highest sales tax
industry YTD
Highlights:
• September month-to-date sales tax revenue (for July 2024 activity*) is $3.6 million, 23.1% above September
month-to-date budget.
• September 2024 sales tax revenue is $421K higher than September 2023, primarily driven by miscellaneous
sector.
• Industries with largest increase through the same period prior year:
o Transportation: $635K
o Heavy and Civil Construction: $350K
o Wholesale Durable Goods: $207K
• Industries with largest decrease through same period prior year:
o Construction of Buildings: $(481)K
o Hospitals: $(184)K
o Misc Retail Trade: $(132)K
CITY OF RENTON SALES TAX SUMMARY September 2024
*state remits to city on 2-month lag