HomeMy WebLinkAbout2025_04 SALES TAX REPORT GENERAL
$11.8M
Sales tax revenue collected through April
2025
-6.3%
Overall decrease in sales tax over same
period prior year
28%
Represents Services, the highest sales tax
industries YTD
Highlights:
• April month-to-date sales tax revenue (for February 2025 activity*) is $2.6 million, 2.8% above April month-to-
date budget.
• April 2025 sales tax revenue is $393K less than April 2024, primarily driven by the decrease in the construction
sector.
• Industries with largest increase through the same period prior year:
o Hotels/Motels: $82K
o Government: $72K
o Wholesale Durable Goods: $68K
• Industries with largest decrease through same period prior year:
o Transportation: $(299)K
o Construction of Buildings: $(288)K
o Transportation Equipment: $(122)K
CITY OF RENTON
SALES TAX SUMMARY
April 2025
*state remits to city on 2-month lag
$%$%
General Retail 3,256 3,226 3,051 3,301 (250) -7.6%(175) -5.4%
Construction 1,675 1,796 1,362 1,419 (57) -4.0%(434) -24.2%
Services 3,333 3,296 3,338 2,952 386 13.1%42 1.3%
Automotive/Gas 2,033 2,051 2,089 2,107 (19) -0.9%37 1.8%
Manufacturing 850 855 700 752 (53) -7.0%(156) -18.2%
Wholesale 702 734 804 647 158 24.4%70 9.6%
Miscellaneous 378 668 484 331 153 46.2%(184) -27.5%
Total Retail Sales Tax 12,226$ 12,627$ 11,828$ 11,510$ 318$ 2.8%(799)$ -6.3%
Sales Tax - Budget to Actual Comparison
YTD thru April
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD