HomeMy WebLinkAbout2025_08 SALES TAX REPORT GENERAL
$25.1M
Sales tax revenue collected through
August 2025
-0.7%
Overall decrease in sales tax over same
period prior year
29%
Represents Services, the highest sales tax
industries YTD
Highlights:
•August month-to-date sales tax revenue (for June 2025 activity*) is $3.7 million, 15.2% above August month-to-
date budget.
•August 2025 sales tax revenue is $230K more than August 2024, primarily driven by the increase in the service
and wholesale sectors.
•Industries with largest increase through the same period prior year:
o Publishing Industries: $435K
o Hotels/Motels: $204K
o Motor Vehicle & Parts Dealers: $157K
•Industries with largest decrease through same period prior year:
o Construction of Buildings: $(313)K
o Transportation: $(285)K
o Heavy and Civil Construction: $(276)K
CITY OF RENTON
SALES TAX SUMMARY
August 2025
*state remits to city on 2-month lag
$ %$%
General Retail 6,393 6,378 6,217 6,654 (437) -6.6% (161) -2.5%
Construction 3,760 3,561 2,906 2,930 (24) -0.8% (655) -18.4%
Services 6,633 6,830 7,334 5,992 1,343 22.4%505 7.4%
Automotive/Gas 4,206 4,248 4,410 4,447 (37) -0.8%162 3.8%
Manufacturing 1,594 1,631 1,532 1,396 136 9.7% (99) -6.1%
Wholesale 1,421 1,544 1,701 1,406 294 20.9%156 10.1%
Miscellaneous 742 1,096 1,014 642 373 58.1% (81) -7.4%
Total Retail Sales Tax 24,749$ 25,288$ 25,115$ 23,467$ 1,648$ 7.0% (173)$ -0.7%
Sales Tax - Budget to Actual Comparison
YTD thru August
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD