HomeMy WebLinkAbout2023_11 SALES TAX REPORT GENERAL
$34.8M
Sales tax revenue collected through
November 2023
1.6%
Overall increase in sales tax over same
period prior year
26%
Represents General Retail & Services
remain the two highest sales tax
industries YTD
Highlights:
November month‐to‐date sales tax revenue (for September 2023 activity*) is $3.4 million, 12.2% above
November month‐to‐date budget.
November YTD 2023 sales tax revenue is $535K higher than November YTD 2022.
Industries with largest increase through the same period prior year:
o Construction of Buildings: $1.3M
o Food Service & Drinking Places: $518K
o Transportation Equipment: $286K
Industries with largest decrease through same period prior year:
o Motor Vehicle & Parts Dealers: $(853)K
o Non Store Retailers: $(799)K
o Publishing Industries: $(516)K
CITY OF RENTON
SALES TAX SUMMARY
November 2023
*state remits to city on 2‐month lag