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~ORTH <br /> <br />To: <br /> <br />Board of Commissioners <br /> <br />From: Blair Bennett ~ <br /> <br />Date: August 13, 1996 <br /> <br />Subject: Local Sales and Use Tax <br /> <br />Sales and Use Taxes <br /> <br />Quarter Ending <br /> <br />FY t994/95 FY 1995/96 % Increase <br /> -Decrease <br />$2,789,154 $2,868,212 2.83 <br />3,015,794 3,160,944 4.81 <br />2,994,253 2,934,668 -1.99 <br />3,096,433 3,395,243 9.65 <br />$11,895,634 $12,359,067 3.90 <br /> <br />September <br />December <br />March <br />June <br /> <br />The County's total budget for sales tax in fiscal year ending 1996 is $12,275,867. The County <br />experienced an increase of 3.90% in sales taxes for the fiscal year ended June 30, 1996 compared <br />to the fiscal year ended June 30, 1995. While the first 3 quarters looked a little below average, the <br />4th quarter increase of 9.65% appeared to reflect a much stronger consumer originated economy. <br /> <br /> Finance Department <br /> <br />P.O. Box 707 · Concord, NC 28026-0707 · (704) 788~8104 <br /> <br /> <br />