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State Sales and Use Tax Information Inc. Gross Collections and Taxable Sales FY 2009 - 2010 (July 1- June 30) <br />Classification of Sales: Orange Alamance Durham Chatham <br />1. Unclassified Sales <br />21% <br />28% <br />45% <br />2. Food Sales (inc. resturants) <br />35% <br />20% <br />15% <br />3. General Merchandise <br />20% <br />25% <br />22% <br />4. Lumber and Bldg Materials <br />12% <br />11% <br />6% <br />5. Automotive Supplies <br />0.05% <br />0.07% <br />0.04% <br />6. Apparel <br />0.04% <br />0.05% <br />0.05% <br />7. Furniture <br />0.02% <br />0.03% <br />0.02% <br />Total Sales <br />$946,263,485 <br />$1,382,375,460 <br />$3,778,439,315 <br />Multiple of Orange Taxable Sales <br />100% <br />146% <br />399% <br />Sales Tax Related Items of Interest Worth Noting: <br />20% <br />21% <br />26% <br />17% <br />0.08% <br />0.01% <br />0.06% <br />$321,040,737 <br />34% <br />Orange County and its Towns have traditionally been reluctant to host large scale retail projects. Without assuming any specific postion with <br />regards to socio- economic consdierations regarding retail development, it is important to recongnize the impacts of such development. <br />According to corporate financial reports: <br />1. The average Walmart Super Store generates annual retail sales of $69 Million per year. <br />2. The average Sams Wholesale Store generates $79 Million per year. <br />3. The average COSTCO Store generates $135 Million per year. A COSTCO would equate to 14% of current retail sales in Orange County. <br />Large scale retail projects "properly" located within Orange County would have major impact on local sales tax revenues and represent <br />a potential significant economic development opportunity, especially along the Interstate 85 transportation corrider. <br />1 -28 -11 fwc <br />N <br />CD <br />