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The City Café

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

DOUG MACDONALD

May’s distribution of the 1% local sales at $46.92 million was up 2.8% compared to a year earlier (Figure 1 and 2).  This distribution represents mainly monthly sales for March sales and first quarter sales for smaller quarterly accounts.  The 2.8% rate is 1.7% lower than our 4.5% forecast for fiscal year 2014 made last December.  Fiscal year-to-date revenues statewide were up 3.7% through the first nine months of fiscal year 2014.

Figure 1

Figure 1

Figure 2

Figure 2

On a seasonally adjusted basis May’s 1% sales taxes were up 3.8% over April’s at $43.44 million (Figure 3).  This amount is almost $1 million greater than the peak of $42.44 million in May 2007.

Figure 3

Figure 3

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