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~OATII CAII~LllA <br /> <br />MEMORANDUM <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Board of Commissioners <br /> <br />Blair D. Bennett /~ <br /> <br />August 16, 2001 <br /> <br />Local Sales and Use Tax <br /> <br />Quarter Ending FY 1999/2000 FY 2000/2001 % Increase <br /> (Decrease) <br />September $4,184,341 $4,844,270 15.77 <br />December 4,712,680 $5,030,558 6.75 <br />March 4,405,119 $4,695,850 6.60 <br />June 4,936,306 $4,900,112 (0.73) <br />Total for Year $18,238,446 $19,470,790 6.76 <br /> <br />The fourth quarter reflects the first decrease in sales tax growth for a quarter in some <br />time. While sales tax for the year was $19,470,790 compared to a budget projection of <br />$18,995,000, it still allowed us to exceed the projection by $475,790. What we need to <br />monitor and be concerned with now is how this downturn will affect our current fiscal <br />year sales tax projection. <br /> <br /> Finance Department <br />RO. Box 707 · Concord, NC 28026-0707 · (704) 788-8104 <br /> <br /> <br />