What are our current sources of sales taxes?

What are our current sources of sales taxes?

October 9, 2024

The attached summary of retail and business activity provides the best information we have on our current sources of sales taxes from local businesses. It shows that the primary generators of sales taxes include grocery stores, restaurants, and gas stations. We do not have the kinds of businesses that generate large amounts of sales taxes, such as car dealerships and big box stores.

90% of our local sales tax is generated by our top 100 businesses. The top 100 businesses generate $8,000/year on average, while the lion’s share of our filled spaces generate less than $4,000 each (the non-top 100 group which only generates 10% of our total local sales). 

Note that we cannot legally provide the sales tax revenue for individual businesses.