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ICASARRUSCOU YI <br /> NORIH CAROtlNA <br /> <br />MEMORANDUM <br /> <br />To: <br /> <br />From: <br /> <br />Date: <br /> <br />Subject: <br /> <br />Board of Commissioners <br /> <br />Blair Bennett /t~2~ <br /> <br />May 21, 1998 <br /> <br />Local Sales and Use Tax <br /> <br /> % Increase <br />Quarter Ending FY1996/97 FY 1997/98 (Decrease) <br />September $3,278,297 $3,553,358 8.39 <br />December 3,423,406 :. 3,606,203 ~ :,' 5.34 <br />March 3,286,999 3,248,894 (1.16) <br />June 3,472,126 <br /> <br />$13,460,828 <br /> <br />Total Sales and Use Tax as compared to the three previous year's quarters is up 4.20%. The <br />decline in the third quarter sales tax as compared to the previous year's is somewhat surprising. <br />There seems to be a leveling off in this quarter and we will watch this pattern carefully. <br /> <br /> Finance Department <br />P.O. Box 707 · Concord, NC 28026-0707 · (704) 788-8104 <br /> <br /> <br />