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ICABAR~US CQUN~'I <br /> ~ORl~ CArOlinA <br /> <br />May 17, 1993 <br /> <br />To: <br /> <br />John Witherspoon <br /> <br />From: Blair Bennett <br /> <br />Subject: Local Sales and Use Tax Update <br /> <br />Quarter Ending <br /> <br />FY 1991/92 <br /> <br />FY 1992/93 % Increase <br /> <br />September $2,230,405.15 $2,370,736.24 6.29 <br />December 2,367,339.43 2,549,267.57 7.68 <br />March 2,158,508.00 2,353,028.88 9.01 <br />June . 2,526,478.72 -. <br /> <br />The County's total budget for sales taxes in the current fiscal y~ar is $9,806,000.00. The schedule <br />above compares last years sales taxes by quarter to this years. The percent of increase by each <br />quarter gives us some reason for optimism. In order for the County to reach the budgeted <br />estimate for the current year, the June quarter sales tax amount needs to be at least $2,526,967. <br />Should the current trend continue as above, this should not be a problem. <br /> <br /> Finance Department <br /> <br />PO. [3ox 707 · Concord, NC 28026.0707 o (704) 788-8104 <br /> <br /> <br />