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HomeMy WebLinkAbout2025_11 SALES TAX REPORT GENERAL $34.9 M Sales tax revenue collected through November 2025 -1.1% Overall decrease in sales tax over same period prior year 29% Represents Services, the highest sales tax industries YTD Highlights:  November month-to-date sales tax revenue (for September 2025 activities) is $3.3 million, 1.8% above month- to-date budget.  November 2025 sales tax revenue is $180K more than November 2024, primarily driven by the increase in the services and miscellaneous sectors.  Industries with largest increase through the same period prior year: o Publishing Industries: $451K o Hotels/Motels: $319K o Motor Vehicle & Parts Dealers: $164K  Industries with largest decrease through same period prior year: o Transportation: $(576)K o Heavy and Civil Construction: $(402)K o Food Svcs & Drinking Places: $(290)K CITY OF RENTON SALES TAX SUMMARY November 2025 *state remits to city on 2-month lag $%$ % General Retail 8,911 8,716 8,497 9,545 (1,047) -11.0% (218) -2.5% Construction 5,701 5,055 4,421 4,465 (44) -1.0% (634) -12.5% Services 9,127 9,470 10,037 8,617 1,420 16.5% 567 6.0% Automotive/Gas 5,913 5,925 6,096 6,382 (286) -4.5% 171 2.9% Manufacturing 2,155 2,280 2,129 1,930 199 10.3% (151) -6.6% Wholesale 1,979 2,111 2,362 2,010 352 17.5% 251 11.9% Miscellaneous 1,024 1,713 1,340 962 377 39.2% (373) -21.8% Total Retail Sales Tax 34,809$ 35,269$ 34,882$ 33,911$ 971$ 2.9% (388)$ -1.1% Sales Tax - Budget to Actual Comparison YTD thru November in thousands 2023 YTD 2024 YTD 2025 YTD Budget Over/(Under) YTD Budget Increase/(Decrease) from Prior Yr2025 YTD