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The City Café

For those interested in sharing ideas and perspectives regarding local government.

Salient Economic Indicators 4 (may)May distribution (March sales) of the 1% local option sales tax is down -18.6% from April 2009.  Which is down more than we had expected, ULCT forecasted sales to be down closer to -12.5%. It looks like June distribution (April sales) will not be good news either, we aren’t sure how bad this might be probably down anywhere from -6.0% to -15.0%…hopefully closer to 6.0%.

The latest salient economic indicator stop light chart for May can be found here: May 2009 Indicators

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