HomeMy WebLinkAbout2024_10 SALES TAX REPORT GENERAL
$32.1M
Sales tax revenue collected through
October 2024 2.2%
Overall increase in sales tax over same
period prior year 27%
Represents Services, the highest sales tax
industry YTD
Highlights:
•October month-to-date sales tax revenue (for August 2024 activity*) is $3.2 million, 1.6% above October
month-to-date budget.
•October 2024 sales tax revenue is $(268)K less than October 2023, primarily driven by the decrease in
the construction sector.
•Industries with largest increase through the same period prior year:
o Transportation: $632K
o Heavy and Civil Construction: $287K
o Transportation Equipment: $201K
•Industries with largest decrease through same period prior year:
o Construction of Buildings: $(672)K
o Hospitals: $(193)K
o Misc. Retail Trade: $(141)K
CITY OF RENTON SALES TAX SUMMARY October 2024
*state remits to city on 2-month lag