9. EDSR 08-11-2008 - Laserfiche WebLink

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Total Taxable and Gross Retail Sales The table below presents gross and taxable retail and services sales for Elk River from 1990 through 2006. Taxable sales in Elk River increased 229.1 percent from 1996 to 2006, while the number of firms rose 12.6 percent. Statewide, taxable sales increased 59.4 percent over the same time period and the number of firms rose 7.9 percent. The per capita sales and pull factor data in this table are based on taxable sales, the more verified sales measure. The table also presents sales data in constant 2006 dollars. These figures have been adjusted for inflation to reflect their value in 2006. For example, in 1990, taxable sales in Elk River totaled $40.34 million, an amount worth $62.06 million in 2006 dollars. In constant dollars, gross sales grew 89.1 percent between 1996 and 2006. Constant dollar taxable sales increased 156.7 percent over the same time period Current Dollars Constant 2006 Dollars Year Estimated Population Gross Sales* Taxable Sales Gross Sales* Taxable Sales Number Per Capita Pull ($millions) ($millions) ($millions) ($millions) of Firms Sales Factor 1990 11,220 $114.37 $40.34 $175.95 $62.06 299 $3,595 0.82 1991 11,963 $105.44 $41.84 $155.06 $61.53 335 $3,497 0.80 1992 12,543 $101.29 $41.48 $144.69 $59.25 352 $3,307 0.68 1993 13,123 $114.99 $43.50 $159.71 $60.41 350 $3,314 0.66 1994 13,597 $162.75 $55.23 $219.93 $74.63 389 $4,062 0.74 1995 14,173 $181.59 $62.20 $238.93 $81.85 403 $4,389 0.77 1996 14,874 $246.81 $78.37 $316.42 $100.47 427 $5,269 0.79 1997 15,577 NA NA NA NA NA $0 NA 1998 16,172 $344.22 $132.59 $424.97 $163.69 452 $8,199 1.18 1999 16,975 NA NA NA NA NA $0 NA 2000 16,447 $441.62 $161.59 $513.51 $187.90 480 $9,825 1.29 2001 17,318 NA NA NA NA NA $0 NA 2002 18,170 NA NA NA NA NA $0 NA 2003 18,783 $381.25 $172.63 $418.96 $189.70 407 $9,191 1.03 2004 20,224 $472.73 $220.47 $502.90 $234.54 460 $10,901 1.18 2005 21,367 $557.95 $261.61 $575.21 $269.70 482 $12,244 1.29 2006 22,285 $598.21 $257.90 $598.21 $257.90 481 $11,573 1.20 10 yr hange '96 to '06 49.8% 142.4% 229.1 % 89.1 % 156.7% 12.6% 119.7% 53.1 3 yr Change '03 to 'O6 18.6% 56.9% 49.4% 42.8% 36.0% 18.2% 25.9% 17.0% `Gross sales figures are self-reported by firms and not audited by the Dept. of Revenue for accuracy. $700.0 $600.0 $500.0 $400.0 $300.0 $200.0 $100.0 $0.0 $Millions Total Sales: Gross vs. Taxable Gross Sales: Current$ vs. Constant$ $Millions $700.0 .----- $600.0 $500.0 - $400.0 ~ ~ $300.0 $200.0 , $100.0 $0.0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 OS 06 Year Constant $ f Current $ Page 12 +Taxable Sales f Gross Sales 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 Year