HomeMy WebLinkAbout2025_10 SALES TAX REPORT GENERAL
$31.6 M
Sales tax revenue collected through
October 2025
-1.8%
Overall decrease in sales tax over same
period prior year
29%
Represents Services, the highest sales
tax industries YTD
Highlights:
• October month-to-date sales tax revenue (for August 2025 activities) is $3 million, -4.1% below month-to-date
budget.
• October 2025 sales tax revenue is -$183K less than October 2024, primarily driven by the decrease in the
construction and miscellaneous sectors.
• Industries with largest increase through the same period prior year:
o Publishing Industries: $406K
o Hotels/Motels: $282K
o Motor Vehicle & Parts Dealers: $210K
• Industries with largest decrease through same period prior year:
o Transportation: $(583)K
o Heavy and Civil Construction: $(393)K
o Food Svcs & Drinking Places: $(262)K
CITY OF RENTON
SALES TAX SUMMARY
October 2025
*state remits to city on 2-month lag
$%$%
General Retail 8,064 7,950 7,690 8,422 (732) -8.7%(260) -3.3%
Construction 5,038 4,569 3,910 3,873 37 0.9%(659) -14.4%
Services 8,304 8,619 9,148 7,561 1,587 21.0%529 6.1%
Automotive/Gas 5,372 5,362 5,577 5,605 (27) -0.5%215 4.0%
Manufacturing 1,971 2,142 1,933 1,753 181 10.3%(209) -9.7%
Wholesale 1,767 1,883 2,077 1,759 318 18.1%194 10.3%
Miscellaneous 930 1,614 1,235 858 377 43.9%(379) -23.5%
Total Retail Sales Tax 31,446$ 32,138$ 31,570$ 29,830$ 1,740$ 5.8%(568)$ -1.8%
Sales Tax - Budget to Actual Comparison
YTD thru October
in thousands
2023
YTD
2024
YTD
2025
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2025
YTD