HomeMy WebLinkAbout2025_07 SALES TAX REPORT GENERAL
$21.3M
Sales tax revenue collected through July
2025
‐1.9%
Overall decrease in sales tax over same
period prior year
28%
Represents Services, the highest sales
tax industries YTD
Highlights:
July month‐to‐date sales tax revenue (for May 2025 activity*) is $3.2 million, 6.8% above July month‐to‐date
budget.
July 2025 sales tax revenue is $42K more than July 2024, primarily driven by the increase in the automotive and
wholesale sectors.
Industries with largest increase through the same period prior year:
o Motor Vehicle & Parts Dealers: $190K
o Hotels/Motels: $169K
o Banking: $181K
Industries with largest decrease through same period prior year:
o Construction of Buildings: $(297)K
o Transportation: $(285)K
o Heavy and Civil Construction: $(235)K
CITY OF RENTON
SALES TAX SUMMARY
July 2025
*state remits to city on 2‐month lag
$%$ %
General Retail 5,559 5,497 5,410 5,727 (317) ‐5.5% (87) ‐1.6%
Construction 3,193 3,089 2,495 2,520 (25) ‐1.0% (594) ‐19.2%
Services 5,716 5,820 5,839 5,163 676 13.1% 19 0.3%
Automotive/Gas 3,657 3,674 3,869 3,827 42 1.1% 195 5.3%
Manufacturing 1,384 1,382 1,347 1,210 137 11.4% (35) ‐2.5%
Wholesale 1,223 1,337 1,511 1,217 294 24.1% 174 13.0%
Miscellaneous 648 980 905 559 346 61.9% (74) ‐7.6%
Total Retail Sales Tax 21,379$ 21,780$ 21,377$ 20,223$ 1,154$ 5.7% (403)$ ‐1.9%
Sales Tax ‐ Budget to Actual Comparison
YTD thru July
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD