HomeMy WebLinkAbout2025_06 SALES TAX REPORT GENERAL
$18M
Sales tax revenue collected
through June 2025
‐2.4%
Overall decrease in sales tax over
same period prior year
28%
Represents Services, the highest
sales tax industries YTD
Highlights:
June month‐to‐date sales tax revenue (for April 2025 activity*) is $3.2 million, 12.4% above June month‐to‐date
budget.
June 2025 sales tax revenue is $246K more than June 2024, primarily driven by the increase in the automotive
and wholesale sectors.
Industries with largest increase through the same period prior year:
o Hotels/Motels: $131K
o Motor Vehicle & Parts Dealers: $107K
o Wholesale Non‐durable: $107K
Industries with largest decrease through same period prior year:
o Transportation: $(286)K
o Construction of Buildings: $(270)K
o Heavy and Civil Construction: $(185)K
CITY OF RENTON
SALES TAX SUMMARY
June 2025
*state remits to city on 2‐month lag
$%$ %
General Retail 4,756 4,740 4,623 4,881 (259) ‐5.3% (118) ‐2.5%
Construction 2,616 2,648 2,123 2,116 7 0.4% (525) ‐19.8%
Services 4,954 5,014 5,001 4,434 567 12.8% (12) ‐0.2%
Automotive/Gas 3,098 3,158 3,270 3,249 22 0.7% 112 3.6%
Manufacturing 1,223 1,084 1,148 1,038 109 10.5% 64 5.9%
Wholesale 1,040 1,139 1,325 1,050 274 26.1% 186 16.3%
Miscellaneous 555 869 715 485 230 47.3% (154) ‐17.7%
Total Retail Sales Tax 18,243$ 18,650$ 18,205$ 17,254$ 951$ 5.5% (445)$ ‐2.4%
Sales Tax ‐ Budget to Actual Comparison
YTD thru June
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD