HomeMy WebLinkAbout2026_05 SALES TAX REPORT GENERAL
$16.2M
Sales tax revenue collected through May
2026
7.8%
Overall increase in sales tax over same period
prior year
29%
Represents Services, the highest sales tax
industry YTD
Highlights:
• May month-to-date sales tax revenue (for March 2026 activity*) is $3.3 million, 2.6% above May month-to-date
budget.
• May 2026 sales tax revenue is $63K more than May 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: $552K
o Transportation: $185K
o Professional, Scientific, Tech: $183K
• Industries with largest decrease through same period prior year:
o Motor Vehicle & Parts Dealers: $(149)K
o Wholesale Non-durable: $(92)K
o Heavy and Civil Construction: $(76)K
CITY OF RENTON
SALES TAX SUMMARY
May 2026
*state remits to city on 2-month lag
$%$ %
General Retail 3,987 3,791 3,992 4,329 (337) -7.8% 201 5.3%
Construction 2,248 1,740 1,769 1,817 (47) -2.6% 29 1.7%
Services 4,166 4,186 4,683 3,838 846 22.0% 497 11.9%
Automotive/Gas 2,655 2,714 2,563 2,919 (356) -12.2% (152) -5.6%
Manufacturing 981 908 1,448 913 535 58.5% 540 59.4%
Wholesale 916 1,105 1,015 912 104 11.4% (90) -8.1%
Miscellaneous 762 577 720 432 288 66.6% 144 24.9%
Total Retail Sales Tax 15,714$ 15,023$ 16,191$ 15,160$ 1,031$ 6.8% 1,169$ 7.8%
Sales Tax - Budget to Actual Comparison
YTD thru May
.
2024
YTD
2025
YTD
2026
YTD Budget
Over/(Under)
YTD Budget
Increase/(Decrease)
from Prior Yr2026
YTD