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<br /> Local Option Sales Tax Analysis for Elk River, MN 10 <br />Electronics and Appliances <br />0.4 percent of total taxable retail and <br />service sales <br /> <br />These 4 establishments primarily include <br />household-type appliances, sewing <br />machines, cameras, computers, and other <br />electronic goods. <br /> ($Millions) <br />Actual taxable sales $0.96 <br />-Potential sales $3.36 <br />= $ variance ($2.39) <br /> = as % of potential -71.3% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $3.36 <br />Surplus (local preference and non-residents) ($2.39) <br /> Total $0.96 <br /> Non-resident share per group -248.4% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $0.92 <br />Non-residents' $ share $0.05 <br /> Total $0.96 <br />Non-resident share per group 5.0% <br /> <br />Analysis and Recommendations for Electronics and Appliances <br />Potential sales calculations suggest that more than 70 percent of sales <br />leave the city. Although residents leave the city for a majority of these <br />purchases, it is reasonable to assume residents from neighboring <br />communities still make some minor purchases. We estimate the non- <br />resident portion at 5 percent, with residents bringing in a modest <br />$50,000 in sales. <br /> <br /> <br /> <br /> <br />