HomeMy WebLinkAbout2026_03 SALES TAX REPORT GENERAL
$10M
Sales tax revenue collected through
March 2026
7.8%
Overall increase in sales tax over same
period prior year
27%
Represents Services, the highest sales tax
industry YTD
Highlights:
• March month-to-date sales tax revenue (for January 2026 activity*) is $3.2 million, 15.5% above March month-
to-date budget.
• March 2026 sales tax revenue is $347K more than March 2025, primarily driven by the increase in the
manufacturing and services sectors.
• Industries with largest increase through the same period prior year:
o Transportation Equipment: $335K
o Transportation: $181K
o Professional, Scientific, Tech: $136K
• Industries with largest decrease through same period prior year:
o Motor Vehicle & Parts Dealers: $(142)K
o Government: $(77)K
o Heavy and Civil Construction: $(76)K
CITY OF RENTON
SALES TAX SUMMARY
March 2026
*state remits to city on 2-month lag
$%$ %
General Retail 2,499 2,409 2,434 2,764 (329) -11.9% 26 1.1%
Construction 1,391 1,066 1,127 1,087 40 3.6% 60 5.7%
Services 2,520 2,541 2,875 2,331 544 23.4% 335 13.2%
Automotive/Gas 1,523 1,624 1,481 1,679 (199) -11.8% (143) -8.8%
Manufacturing 616 564 887 559 328 58.7% 323 57.2%
Wholesale 556 660 654 526 127 24.2% (7) -1.0%
Miscellaneous 565 399 528 287 241 83.8% 129 32.3%
Total Retail Sales Tax 9,670$ 9,264$ 9,986$ 9,233$ 752$ 8.1% 722$ 7.8%
Sales Tax - Budget to Actual Comparison
YTD thru March
.
2024
YTD
2025
YTD
2026
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2026
YTD