HomeMy WebLinkAbout2025_03 SALES TAX REPORT GENERAL
$9.3M
Sales tax revenue collected through
March 2025 -4.2%
Overall decrease in sales tax over same
period prior year 27%
Represents Services, the highest sales tax
industries YTD
Highlights:
• March month-to-date sales tax revenue (for January 2025 activity*) is $2.9 million, 7.8% above March month-
to-date budget.
• March 2025 sales tax revenue is $77K less than March 2024, primarily driven by the decrease in the
construction and miscellaneous sectors.
• Industries with largest increase through the same period prior year:
o Wholesale Durable Goods: $105K
o Government: $100K
o Motor Vehicle & Parts Dealers: $96K
• Industries with largest decrease through same period prior year:
o Transportation: $(297)K
o Construction of Buildings: $(222)K
o Special Trade Contractor: $(61)K
CITY OF RENTON SALES TAX SUMMARY March 2025
*state remits to city on 2-month lag
$ %$%
General Retail 2,587 2,499 2,409 2,611 (202) -7.8% (91) -3.6%
Construction 1,288 1,391 1,066 1,080 (13) -1.2% (324) -23.3%
Services 2,578 2,520 2,541 2,292 248 10.8% 20 0.8%
Automotive/Gas 1,545 1,523 1,624 1,622 2 0.1% 101 6.7%
Manufacturing 641 616 564 556 8 1.5% (52) -8.4%
Wholesale 472 556 660 489 172 35.1% 104 18.8%
Miscellaneous 288 565 399 266 134 50.3% (166) -29.3%
Total Retail Sales Tax 9,398$ 9,670$ 9,264$ 8,915$ 348$ 3.9% (406)$ -4.2%
Sales Tax - Budget to Actual Comparison
YTD thru March
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD
