HomeMy WebLinkAbout2026_01 SALES TAX REPORT GENERAL
$3.0M
Sales tax revenue collected through
January 2026
2.8%
Overall increase in sales tax over same
period prior year
28%
Represents Services, the highest sales tax
industry YTD
Highlights:
• January month-to-date sales tax revenue (for November 2025 activity*) is $3.0 million, 4.1% above January
month-to-date budget.
• January 2026 sales tax revenue is $82K more than January 2025, primarily driven by the increase in the services
and manufacturing sectors.
• Industries with largest increase through the same period prior year:
o Transportation Equipment: $139K
o Construction of Buildings: $34K
o Special Trade Contractor: $23K
• Industries with largest decrease through same period prior year:
o Government: $(64)K
o Heavy and Civil Construction: $(57)K
o Furniture, Home Furnishings, Electronics, and Appliance: $(41)K
CITY OF RENTON
SALES TAX SUMMARY
January 2026
*state remits to city on 2-month lag
$%$ %
General Retail 819 793 776 894 (118) -13.2% (17) -2.1%
Construction 468 343 342 337 4 1.3% (1) -0.3%
Services 776 805 843 725 118 16.3% 37 4.6%
Automotive/Gas 494 537 521 537 (16) -3.0% (15) -2.9%
Manufacturing 225 153 287 201 86 42.5% 134 88.0%
Wholesale 141 185 184 148 36 24.3% (2) -0.9%
Miscellaneous 91 148 93 83 10 12.1% (55) -37.1%
Total Retail Sales Tax 3,015$ 2,963$ 3,045$ 2,925$ 120$ 4.1% 82$ 2.8%
Sales Tax - Budget to Actual Comparison
YTD thru January
.
2024
YTD
2025
YTD
2026
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2026
YTD