Finance Committee Agenda and Packet 2013 02 18

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SUBJECT: SALES TAX REPORTS FOR THE MONTH ENDED DECEMBER 31, 2012 DATE: FEBRUARY 18, 2013 PAGE2OF2 The Monthly Revenue by Area report for December 2012 indicates gains for the Interchange, Out-of-City vendors, Louisville Plaza, McCaslin North, Downtown, Centennial Valley, Highway 42 South, Highway 42 North, Pine Street and Residential areas. The Quarterly Revenue by Area sales tax report through 4th quarter 2012 indicates increases for all areas in 2012 except South Boulder Road, Highway 42 North, and the South Suburban areas. The monthly and quarterly sales tax revenue by industry reports represent the retail health of individual industry sectors of the City.These reports include all vendors remitting tax to the City. The Monthly Revenue by Industry report for December 2012 indicates gains in Grocery, Food/Beverage, Building Materials, Miscellaneous Retail, Wholesale, Automotive, Construction and Agriculture sectors. The Quarterly Revenue by Industry sales tax report through 4th quarter 2012 indicates gains for all sectors in 2012 except Communications/Utilities, General Merchandise, and Leasing/Financialsectors. Annual Consumer Use Tax reports are provided for the comparison of consumer use tax remitted by area and by industry sector. These reports reflect the top area as CTC and the top industry as Services. The Restaurant Revenue reports, including the 2012 year-end comparisons, indicate eating and drinking establishments remaining at their highest recorded levels. The Downtown, McCaslin North and Interchange areas all recognized gains in 2012. Declines or flattening of revenue was seen for the areas Highway 42/South Boulder Road and Louisville Plaza. The Historical quarterly report indicates revenue for 4th quarter 2012 as the highest quarter since 2003. Total sales tax revenue is at its highest level since 2005. CITY COUNCIL COMMUNICATION 6