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HomeMy WebLinkAbout2026_04 SALES TAX REPORT GENERAL $12.9M Sales tax revenue collected through April 2026 9.3% Overall increase in sales tax over same period prior year 29% Represents Services, the highest sales tax industry YTD Highlights: • April month-to-date sales tax revenue (for February 2026 activity*) is $2.9 million, 7.2% above April month-to- date budget. • April 2026 sales tax revenue is $384K more than April 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: $466K o Transportation: $185K o Professional, Scientific, Tech: $159K • Industries with largest decrease through same period prior year: o Motor Vehicle & Parts Dealers: $(90)K o Heavy and Civil Construction: $(79)K o Government: $(65)K CITY OF RENTON SALES TAX SUMMARY April 2026 *state remits to city on 2-month lag $%$% General Retail 3,226 3,051 3,182 3,489 (307) -8.8%131 4.3% Construction 1,796 1,362 1,428 1,440 (12) -0.8%66 4.8% Services 3,296 3,338 3,712 3,038 673 22.2%373 11.2% Automotive/Gas 2,051 2,089 1,996 2,222 (226) -10.2%(93) -4.4% Manufacturing 855 700 1,157 750 406 54.1%457 65.3% Wholesale 734 804 844 688 155 22.6%40 4.9% Miscellaneous 668 484 616 356 259 72.8%131 27.1% Total Retail Sales Tax 12,627$ 11,828$ 12,933$ 11,984$ 949$ 7.9%1,105$ 9.3% Sales Tax - Budget to Actual Comparison YTD thru April . 2024 YTD 2025 YTD 2026 YTD Budget Over/(Under) YTD Budget Increase/(Decrease) from Prior Yr2026 YTD