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Home My WebLink AboutFS 2009-09-09 Item 2E - Report - June 2009 Sales Tax RevenueFROM DATE. SUBJECT Schedule I Sales Receipt Month Month Jan Mar Feb Apr Mar May Apr June May July June Aug July Sept Aug Oct Sept Nov Oct Dec Nov Jan10 Dec Feb10 Totals Mitigation Received City of Tukwila INFORMATIONAL MEMORANDUM TO Mayor Haggerton Rhonda Berry Finance and Safety Committee Shawn Hunstock, Finance Director August 26, 2009 Sales Tax Revenue for June 2009 2008 2009 Actual Estimated 1347 1403 1 357 1,397 1,601 1 654 1 365 1,497 1 635 1,560 1 646 1 757 1 535 1,661 1 555 1 647 1,426 1 685 1,298 1,521 1,265 1 589 1,723 2,175 17,753 19,546 2009 Increase /(Decrease) Actual Month YTD 1 172 (231) (231) 1,051 (346) (577) 1 146 (508) (1,085) 1,191 (306) (1 391) 1,082 (478) (1 869) 1,217 (540) (2,409) 6,859 Jim Haggerton, Mayor in 1,000's %Increase /(Decrease) Month YTD -16 46% 0 00% 24 77% -20 61% 30 71% -24 36% -20 44% -23 37% -30 64% -24 88% 30 73% -25 99% 741 7,600 82.00% of Budget Incl. Mitigation Sales tax collections showed the tenth consecutive decrease in June compared to the same period in the prior year June is historically the second highest month, behind only December, for sales tax collections. For 2009 collections were significantly less than both budget and the same month in the prior year Actual receipts for June 2009 were $540,000 less than budget, and $429,000 less than the same period last year We are now down 25 99% for the year compared to budget, and 23 37% compared to the same period last year The chart above also includes the mitigation payment we received at the end of March and June for fourth quarter 2008, and first quarter 2009 respectively Including the mitigation payment, we are currently at 82% of budget for the year to date The mitigation payment we received in June was $346,046.24 This was a 12 4% decrease from the $394,987 43 we received for fourth quarter 2008 The next mitigation payment will be received on September 30, 2009 Schedule 11 shows the year -to -date sales tax from the top ten industry classifications. As this schedule indicates, the trend is flat or down for all of the classifications. INFORMATIONAL MEMO Page 2 Schedule II Group Name 452* General Merchandise Stores 448* Clothing and Accessories 722* Food Services, Drinking Places 423* Wholesale Trade, Durable Goods 443* Electronics and Appliances 441 Motor Vehicle and Parts Dealer 236 Construction of Buildings 451 Sporting Goods, Hobby, Books 453* Miscellaneous Store Retailers 444* Building Material and Garden Mitigated NAICS Code Schedule III Group Name 323* Printing and Related Support 442* Furniture and Home Furnishings 236 Construction of Buildings 237 Heavy and Civil Construction 423* Wholesale Trade, Durable Goods 522 Credit Intermediation 621 Ambulatory Health Care Service 541 Professional, Scientific, Tech 453* Miscellaneous Store Retailers 518 Internet Service Providers Mitigated NAICS Code H:\Sales Tax120091Info Memo Sales Tax 082709.doc YTD Current 890 946 882,220 631 684 631,515 451 136 373 376 313,907 262,385 253 911 251 019 Please let me know if you have any comments or questions. Thank you YTD Dollar Prior Diff Diff 1 025 119 (134,173) -13 09% 862,740 19 480 2.26% 626 325 5 359 0 86% 1 160,223 (528 707) -45 57% 554 439 (103 303) -18 63% 486 835 (113,459) 23.31% 715 694 (401 787) 56.14% 294,370 (31,985) -10 87% 366 519 (112,608) -30 72% 333,839 (82,821) -24 81% As you can see there are large variances from last year for the same time period For instance, sales tax for Construction of Buildings is down by 56 14 Wholesale Trade and Durable Goods is down by 45 57 and Miscellaneous Store Retailers is down by 30 72% These declines are offset by very small increases in other areas, such as Clothing and Accessories, which increased by 2.26 and Food Services and Drinking Places, which increased by 0 86% As you can see from Schedule II, eight of the top ten merchant categories have declined versus prior year, and nine of the ten industry classification codes are ones for which we receive streamlined sales tax mitigation. Schedule III shows the ten largest declines in sales tax revenue for industries with over $10,000 collected through June YTD YTD Dollar Current Prior Diff Diff 32,116 102,003 (69,887) 68.52% 169 446 400,480 (231 034) -57 69% 313,907 715 694 (401 787) -56 14% 37,267 70,958 (33 691) -47 48% 631 515 1 160,223 (528 707) -45 57% 15,172 26197 (11025) 42.08% 30,299 45,914 (15,615) -34 01% 89 344 134 564 (45,220) -33 61% 253,911 366 519 (112,608) -30 72% 30 670 42,294 (11,624) -27 48% Attached is a Sales Tax Summary comparing year -to -date 2009 vs. 2008 by major SIC codes. Also included is a comparison of total receipts year -to -date for the last four years NAICS CONSTRUCTION 08 TOTAL 236 Construction of Buildings 1,302,567 237 Heavy Civil Construction 130,624 238 SoeciaIt Trade Contractors 530,490 TOTAL CONSTRUCTION 1,963,680 Overall Construction Change from Previous Year MANUFACTURING 311 Food Manufacturing 312 Beverage Tobacco Products 313 Textile Mills 314 Textile Product Mills 315 Apparel Manufacturing 316 Leather Allied Products 321* Wood Product Manufacturing 322* Paper Manufacturing 323' Printing Related Support 324 Petroleum Coal Products 325 Chemical Manufacturing 326 Plastic Rubber Products 327* Nonmetallic Mineral Products 331 Primary Metal Manufacturing 332 Fabricated Metal Mfg Products 333 Machinery Manufacturing 334' Computer Electronic Products 335 Electric Equipment, Appliances 336 Transportation Equipment Mfg 337' Fumiture Related Products 339* Miscellaneous Manufacturing TOTAL MANUFACTURING Sales Tax Mitigation NAICS Codes 1 08 TOTAL 4,997 2,328 1,050 22,660 215 9 9,515 21,545 143,009 9,630 8,068 4,085 5,242 52 6,310 -8,777 44,162 895 191,525 31,384 22,411 520,315 TRANSPORTATION WAREHOUSING 08 TOTAL 481 Air Transportation 0 482 Rail Transportation 484 Truck Transportation 485 Transit and Ground Passengers 488 Transportation Support 491 Postal Seances 492 Couriers Messengers I 493' Warehousing Storage TOTAL TRANSP WHSING 08/27/2009 Overall Manufacturing Change from Previous Year 1,935 965 11,502 28,728 88 476 781 44,475 Overall Transportation Change from Previous Year WHOLESALE TRADE 08 TOTAL I 423' Whls Trade Durable Goods 1,777,808 I 424* Whls Trade Nondurable Goods 113,096 425' Wholesale Electronic Markets 2,805 WHOLESALE TRADE TOTAL 1,893,709 Overall Wholesale Change from Previous Year YTD 08 YTD 09 YTD %Diff 715,694 313,907 -56.1% 70,958 37,267 -47.5% 258,168 200,019 •22.5% 1,044,820 551,192 ($493,628) -47.296 YTD 08YTD 09YTD %Diff 2,245 680 -69.7% 769 1,441 87.3% 42 155 265.2% 15,605 6,196 60.3% 42 37 -13.1% 2 4 113.0% 4,075 1.778 -56.4% j 10,191 9,902 -2.8% 1 102,003 32,116 -68.5% I 5,506 2,795 -49.2% 4,758 3,179 -33.2% 2,586 1,780 31.2% 1,466 1,109 -24.3% 26 60 126.1% 3,055 1,702 -44.3% 12,103 2,084 117.2% 29,616 9,952 -66.4% 33 90 174.7% 103,298 78.502 -24.0% 25,297 5,096 -79.9% 5,499 6,358 15.6% 304,010 165,015 (5138,995) -45.7% 1 YTD 08 YTD 09 YTD Diff 0 0 0.0% 974 800 17.9% 221 1,366 5174% 5,516 5,660 2.6% 14,301 11,930 16.6% 37 0 100.0% 76 30 -60.1% 387 579 49.7% i 21,512 20,365 ($1,147) -5.3% YTD 08 YTD 09 YTD Diff 1,160,223 631.515 -45.6% 1 39,090 54.197 38.6% I 1,860 1,034 -44.4% I 1,201,173 686,746 ($514,427) 42.896 SALES TAX SUMMARY June 2009 (Received in August) NAICS AUTOMOTIVE I 441' Motor Vehicle Parts Dealer I 447' Gasoline Stations TOTAL AUTOMOTIVE 08 TOTAL 993,146 73,034 1,066,181 Overall Automotive Change from Previous Year NAICS RETAIL TRADE 442' Fumiture Home Furnishings 443' Electronics Appliances 444' Building Material Garden 445' Food Beverage Stores 446' Health Personal Care 448' Clothing Accessories 451* Sporting Goods, Hobby, Books 452' General Merchandise Stores 453' Miscellaneous Store Retailers 454* Nonstore Retailers TOTAL RETAIL TRADE Overall General Retail Change from Previous Year SERVICES 51X Information 52X Finance Insurance 53X Real Estate, Rental, Leasing 541 Professional, Scientific, Tech 551 Company Management 56X Admin, Supp, Remed Svcs 611 Educational Services 62X Health Care Social Assistance 71X Arts Entertainment 72X' Accommodation Food Svcs 81X Other Services 92X Public Administration TOTAL SERVICES 08 TOTAL 621,785 1,077,238 619,645 88,317 146,841 2,101,593 644,522 2,231,745 721,034 116,347 8,369,066 08 TOTAL 570,706 75,585 403,851 338,302 1,902 167 119 12,727 109,308 106,515 1,858,292 192,450 843 3,837,599 Overall Services Change from Previous Year MISCELLANEOUS 08 TOTAL 000 Unknown 1,147 111 -115 Agriculture, Forestry, Fishing 1,095 211 -221 Mining Utilities 19,574 999 Unclassifiable Establishments 35,837 MISCELLANEOUS TOTAL 57,652 Overall Miscellaneous Change from Previous Year Page 1 08 TOTAL GRAND TOTALS $17,752,678 Grand Total Change from Previous Year ti YTD 08 YTD 09 YTD Diff 486,835 373,376 -23.3% I 40,014 29,918 -25.2% f 526,849 403,294 (5123,555) -23.5% 08YTD 09YTD %Diff 400,480 169,446 57.7% 554,439 451,136 18.6% 333,839 251,019 -24.8% 54,669 42,023 -23.1% 72,653 88,208 21.4% 862,740 882,220 2.3% 294,370 262,385 -10.9% 1,025,119 890,946 -13.1% 366,519 253,911 -30.7% 57,806 43,677 -24.4% 4,022,635 3,334,971 ($687,664) -17.1% YTD 08 YTD 09 YTD Dift 272248 273,505 0.5% 32,433 21,179 34.7% 201,108 169,114 -15.9% 134,564 89,344 -33.6% 1,164 540 -53.6% 66,502 68,124 2.4% 3,341 17,596 426.7% 56,485 40,434 -28.4% 54,627 44,383 -18.8% 890,261 861,680 -3.2% 96,306 90,867 -5.6% 279 11,809 4265.8% 1,809,309 1,688,574 (5120,734) -6.7% YTD 08 YTD 09 YTD Diff 792 397 -49.9% 198 80 -59.6% 7,294 6,845 -6.2% 13,626 2.130 -84.4% 21,910 9,451 (512458) -56.9% YTD 08YTD 09YTD %Diff 98,952,216 $6,859,608 (52,092608) 23.38% TUK Soles Tax Rpt 20090671, 2009 2008 d 2007 2006 Four Year Comparison $8,952,217 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $9,127,205 $8,370,919 I Taxes Collected Year to Date I $6,859,622