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<br /> Local Option Sales Tax Analysis for Elk River, MN 13 <br />Health & Personal Items <br />1.2 percent of total taxable retail and <br />service sales <br />Stores selling prescription drugs, food <br />supplements, vision supplies, cosmetics, and <br />hearing aids are among the 4 shops included <br />in this merchandise group. <br /> ($Millions) <br />Actual taxable sales $3.31 <br />Potential sales $2.54 <br />= $ variance $0.76 <br /> = as % of potential 30.0% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $2.54 <br />Surplus (local preference and non-residents) $0.76 <br /> Total $3.31 <br /> Non-resident share per group 23.1% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $2.45 <br />Non-residents' $ share $0.86 <br /> Total $3.31 <br />Non-resident share per group 26.0% <br /> <br />Analysis and Recommendations for Health and Personal Items <br />Surprisingly, this category which includes only four stores has a surplus <br />of 30% more than expected. Similar to the rationale in other categories <br />related to nearby retail competition and worker flows, Extension <br />increased the proportion from non-residents to 26% from 23%. <br /> <br /> <br /> <br /> <br /> <br />