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The City Café

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

Stop Lites Dec2012DOUG MACDONALD

Almost all of the indicators are improving, except for unemployment claims, which stopped falling in June.  Some surprises were:

1) Consumer sentiment jumped up into the 80s, good news for car and truck dealers.

2) The average wage for the first half of 2012 shifted up from 2% to 3.5%, indicating some improvements in the labor sector for employees (consumers).

3) Residential construction values are up almost 14% this year, this adds about 1.4% to sales tax all by itself.

4) Sales tax receipts for the first quarter of fiscal year 2013 are up 7.2%, slightly below our forecast last December of 7.8% for FY2013.

Now, if we can just not go too far over the cliff.

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