May - 2009 Edition: Some information may be out of date.
Sales Tax Update
March collections were lower than hoped and relate strongly to national trends. The economic downturn has had significant impact on the sales and use tax collections, a major funding source for City services and programs.
Sales Tax Total: $4,512,677 a decrease of 6.2% compared to March 2008. The collections are nearly $50,000 lower than the amount projected according to the sales tax
Use Tax Total: $526,547 collections are down 40.9%. The City is behind budget projections for the month by $428,229.
Building Permits: Residential 15, Remodels 61 in March 2008 there were 58 permits pulled, 71 remodels. Commercial permits: 1, remodels 22, in March 2008, there was 1 permit pulled, and 25 remodels. These numbers reflect a 51% decrease in Building Permit use tax receipts from 2008.
Sales Tax Licenses: 109 net new sales tax licenses.