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Finance Committee Agenda and Packet 2009 08 17
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Finance Committee Agenda and Packet 2009 08 17
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3/11/2021 11:20:32 AM
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8/21/2009 9:47:11 AM
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City Council Records
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FCPKT 2009 08 17
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PAGE TWO <br />SUBJECT: SALES TAX REPORT FOR THE MONTH ENDED JUNE 30, 2009 <br />DATE: AUGUST 17, 2009 <br />Financial/Leasing, and Services. Declines were seen for Construction, Telecom/Utilities, <br />Wholesale, Building Materials, General Merchandise, Automotive, Furniture and <br />Miscellaneous. Food/Beverage remained unchanged. <br />Lodging tax revenue for June 2009 was down 9% from June 2008 with YTD revenues <br />down almost 18% from 2008. While June was the first month without a double-digit <br />decline this year, YTD revenues are down almost 25% to budget estimates. <br />Auto use tax revenue for June 2009 ended down 13.6% from June 2008, is down 14% <br />YTD and is below budget estimates by approximately 8% for the year. <br />Building use tax revenue was down substantially for June 2009 and ended down 51.5% <br />as compared to June 2008. Year-to-date revenue is down 61% to 2008 and is 66% below <br />budget estimates for the year. <br />FISCAL IMPACT: NONE <br />RECOMMENDATION: NONE <br />ATTACHMENTS: MONTHLY/QUARTERLY SALES TAX REVENUE REPORTS <br />6 <br />
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