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!CASAR US COUNTY l <br /> <br />August 19, 1993 <br /> <br />To~ <br /> <br />From: <br /> <br />Subject: <br /> <br />Quarter Ending <br /> <br />John Witherspoon <br /> <br />Blair Bennett ~~ <br />Local Sales and Use Tax Update <br /> <br />FY 1991/92 FY 1992/93 % Increase <br /> <br />September $2,230,405 $2,370, 736 6.29 <br />December 2,367,339 2,549,267 7.68 <br />March 2,158,508 2,353,028 9.01 <br />June 2,526,478 2,627,257 3.99 <br />Total $9,282,731 $9,900,290 6.65 <br /> <br />The County's total budget for sales tax in fiscal year ending 1993 was $9,800,000. The schedule <br />above compares last years sales taxes by quarter to this year. Cabarrus County experienced a <br />6.65% increase for the year amounting to $617,559. This does indicate some positive growth in <br />retail sales in the county, a trend which we hope will continue throughout the current fiscal year. <br />The amount collected exceeded budget by $100,290. <br /> <br /> <br />