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FIN 2017-06-20 COMPLETE AGENDA PACKET
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FIN 2017-06-20 COMPLETE AGENDA PACKET
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1/14/2021 12:13:09 PM
Creation date
6/15/2017 1:11:25 PM
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Council Committees
Committees Date (mm/dd/yy)
06/20/17
Committee Name
Finance 2017-2020
Record Type
Agenda Packet
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INFORMATIONAL MEMO <br />Page 3 <br />Below is a graph of sales tax collections by type of industry showing annual change in revenue <br />receipts from 2016 to 2017. <br />Total Construction was up nearly $25K, or 8.3% for first quarter. All three categories of <br />Construction which includes Construction of Buildings, Heavy & Civil Construction, and Specialty <br />Trade Contractors experienced increased sales activity of $13K, $3K, and $81K. Overall <br />Manufacturing is down by $16K, or (24 %) due to a decrease in sales activity for transportation <br />equipment manufacturing compared to 2016. Total Transportation & Warehousing remained fairly <br />stable with a slight increase of 2 %. <br />The overall decline of $53K, or (17 %) in the Wholesale Trade category is mostly attributable to <br />Wholesale Trade in Durable Goods which is down 19% from 2016 to 2017. The Automotive <br />industry had a change of nearly $18K, or up by 10% due primarily to an increase in sales activity <br />in the category for Motor Vehicle & Parts Dealers. <br />The slight decrease of $24K (1 %) in the Retail Trade category is due primarily to lower than <br />normal sales activity being reported in the categories of Furniture & Home Furnishings by $11 K, <br />or (10 %) and in Sporting Goods /Hobby /Books by $15K, or (12 %). <br />The Services industry remains relatively stable with just a slight decrease of $9K, or down by <br />(1 %). The categories for Arts & Entertainment, Other Services and Public Administration show <br />positive changes while categories such as Finance & Insurance and Health Care Social <br />Assistance are down. <br />C:\ Users\ Vicky- C\AppData \Local \Microsoft \Windows \Temporary Internet Files \Content.0utlook \QM7lZ624 \Info Memo Sales Tax - 2017 -Q1 2017MEMO (June <br />2017).docx <br />31 <br />
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