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Agenda - 03-24-2011 - 1
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Agenda - 03-24-2011 - 1
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8/3/2012 4:28:59 PM
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3/21/2011 12:19:06 PM
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BOCC
Date
3/24/2011
Meeting Type
Municipalities
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Agenda
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1
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Minutes 03-24-2011
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\Board of County Commissioners\Minutes - Approved\2010's\2011
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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 <br />Durham <br />Chatham <br />1. Unclassified Sales <br />2. Food Sales (inc. resturants) <br /> <br />3. General Merchandise <br /> <br />4. Lumber and Bldg Materials <br /> <br />5. Automotive Supplies <br />6. Apparel <br />7. Furniture 21 % <br />35 /0 <br />° <br />20% <br /> <br />12% <br /> <br />0.05% <br />° <br />0.04% <br />. 0.02 /0 o <br />28 /0 <br />20% <br />25/0 <br />° <br />o <br />11 /0 <br />0.07% <br /> <br />0.05% <br />0.03% <br />45% <br />~ 15% <br /> <br />22% <br /> <br />6% <br />0 <br />0.04 /0 <br />0.05% <br />0.02% <br />20% <br /> <br />21% <br />26 /o <br /> <br />17% <br />0 <br />0.08 /o <br />0.01% <br />0.06% <br />Total Sales $946,263,485 ~ $1,382,375,460 $3,778,439,315 $321,040,737 <br />Multiple of Orange Taxable Sales 100%. 146% <br />399% ° <br />34 /o <br />Sales Tax Related Items of Interest Worth Noting: <br />Orange County and its Towns have traditionally, been reluctant to host large scale retail projects. Without assuming any specific portion 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 />.A <br />
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