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<br /> Local Option Sales Tax Analysis for Elk River, MN 22 <br />Repair and Maintenance <br />3.3 percent of total taxable retail and <br />service sales <br /> <br />The 40 stores in this group restore <br />machinery, equipment, and other products. <br />The group does not include plumbing or <br />electrical repair services but does encompass <br />auto repair, cameras, radio, television, <br />computers, copiers, appliances, lawn <br />mowers, specialized equipment, small <br />engines, furniture, shoes, guns, etc. <br /> ($Millions) <br />Actual taxable sales $8.79 <br />Potential sales $5.73 <br />= $ variance $3.06 <br /> = as % of potential 53.4% <br /> <br /> <br />Unadjusted Trade Area Analysis <br /> <br />Potential sales to residents $5.73 <br />Surplus (local preference and non-residents) $3.06 <br /> Total $8.79 <br />Non-resident share per group 34.8% <br /> <br /> <br />Analysis with Adjustments <br /> <br />Residents' $ share $5.27 <br />Non-residents' $ share $3.51 <br /> Total $8.79 <br />Non-resident share per group 40.0% <br /> <br />Analysis and Recommendations for Repair and Maintenance <br />The initial trade area analysis identifies a surplus and estimates non- <br />resident spending at 35%. Assuming Elk River as a commuter community, <br />Extension expects that residents would spent more on car repair than <br />Minnesota residents as a whole. As such, Extension conservatively <br />increased the share of non-resident sales to 40%. <br /> <br /> <br />