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<br /> Local Option Sales Tax Analysis for Elk River, MN 18 <br /> <br />Miscellaneous Retail <br />4.7 percent of total taxable retail and service sales <br /> <br />33 establishments are part of this group, including <br />florists, used merchandise stores, pet supply stores, and <br />other retailers. <br /> <br /> ($Millions) <br />Actual taxable sales $12.44 <br />Potential sales $13.07 <br />= $ variance ($0.62) <br /> = as % of potential -4.7% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $13.07 <br />Surplus (local preference and non- <br />residents) <br />($0.62) <br /> Total $12.44 <br />Non-resident share per group -5.0% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $11.20 <br />Non-residents' $ share $1.24 <br /> Total $12.44 <br />Non-resident share per group 10.0% <br /> <br />Analysis and Recommendations for Miscellaneous Retail <br />The category brought in five percent less in taxable sales than one would <br />expect. Extension set the non-resident share to 10 percent, especially <br />considering the large number of establishments in this category, some of <br />which are specialized enough to draw in outside traffic. <br /> <br /> <br /> <br /> <br />