HomeMy WebLinkAboutAugust Sales Tax Revenue and Natl storyFrom:Stacie Prada
To:#Budget Committee
Cc:treasurerstaff
Subject:August Sales Tax Revenue and Natl story
Date:Wednesday, August 24, 2022 9:11:00 AM
Colleagues – I see DOR posted sales tax data, and information is below for our county. I noticed this
morning’s SmartBrief newsletter article stating that nationally retail sales were flat in July. Key points
and link provided below.
Looks like our area is still doing well.
Our county’s general and optional sales tax is up 5.7% over this month last year and up 8.8%
over 2021YTD.
Hotel-Motel-Transient is up 17% over this month last year and 5.1% over 2021YTD.
Tax Type Distribution
Regular & Optional Tax 467,080.98
Public Utility District Privilege Tax 0.00
Leasehold Excise Tax 30,581.04
Transient Rental Tax 50,156.61
Local Tax Interest Distribution Tax 807.85
Special Hotel/Motel Tax 49,220.64
Affordable Housing Tax 8,536.02
Criminal Justice Tax 73,931.07
Real Estate Excise Tax 0.00
Communication Tax 73,931.10
Mental Health (County) Tax 73,931.00
Housing & Related Services Tax 73,772.01
Public Safety Tax 215,676.86
Forest Tax 395,233.37
Leasehold Interest Distribution Tax 3.31
911 Wireline Tax 3,224.53
911 Wireless Tax 17,809.48
911 VOIP Tax 2,462.17
County 911 Interest Distribution Tax 29.28
911 Prepaid Wireless Tax 4,577.27
Rural Tax 67,234.96
1,608,199.55
Story in the SmartBrief for CFOs newsletter.
Retail sales flat in July
Retail sales were unchanged in July compared with June, partly because lower gas prices
held back sales at stations, according to Census Bureau data. Economists had expected a
0.1% increase, although receipts excluding autos beat expectations by climbing 0.4%.
Full Story: CNBC (8/17)
KEY POINTS
· Retail sales for July were flat, compared with the estimate for a 0.1% gain.
· Excluding autos, sales increased 0.4% against expectations for no gain.
· Falling fuel prices held back receipts at gas stations, while consumers took those
savings and spent at other retailers.
Stacie Prada
Jefferson County Treasurer | PO Box 571 | Port Townsend, WA 98368 | (360) 385-9154 |
www.co.jefferson.wa.us