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NORTH CAROl, INA <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 24, 1999 <br /> <br />Local Sales and Use Tax <br /> <br />Quarter Ending FY 1997/98 FY 1998/99 % Increase <br /> (Decrease) <br />September $3,553,358 $3,779,035 6.35 <br />December 3,606,203 3,941,091 9.29 <br />March 3,248,894 3,802,794 17.05 <br />June 3,951.308 4,246,503 7.47 <br />Total for Year $14,359,763 $15,769,423 9.82 <br /> <br />The annual growth in sales tax of 9.82% reflects the rapid economic growth of the <br />County. The budget for sales tax was $14.5 million for fiscal year ended 6/30/99. <br /> <br /> Finance Department <br />P.O. Box 707 · Concord, NC 28026-0707 · (704) 788-8104 <br /> <br /> <br />