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<br /> Local Option Sales Tax Analysis for Elk River, MN 16 <br />Leisure Goods <br />1.8 percent of total taxable retail <br />and service sales <br />The 16 firms in this merchandise <br />group sell sporting goods, books, <br />music, hobby items, fabrics, and toys. <br /> <br /> ($Millions) <br />Actual taxable sales $4.68 <br />Potential sales $2.65 <br />= $ variance $2.03 <br /> = as % of potential 76.4% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $2.65 <br />Surplus (local preference and non- <br />residents) <br />$2.03 <br /> Total $4.68 <br />Non-resident share per group 43.3% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $2.34 <br />Non-Residents' $ share $2.34 <br /> Total $4.68 <br />Non-resident share per group 50.0% <br /> <br />Analysis and Recommendations for Leisure Goods <br />Elk River brought in 76% more in taxable sales in the leisure goods <br />category than expected. Clearly the city has a niche as a regional center in <br />the area in this relatively small retail category. Extension set the non- <br />resident share at 50%, up from 43%. <br /> <br /> <br /> <br /> <br />