CITY MANAGER’S REPORT
Sales Tax
Distributions Monitored
The City of
In order to estimate monthly sales tax revenues, a trend analysis of previous distributions is used. The 2008 estimate is based upon actual 2007 revenue while the 2008 budgeted amount only included a few months of 2007. Using this analysis, a projection of 2008 sales tax revenue was $22,602,146 or $73,152 less than the amount budgeted.
Actual distributions in January, February, March, and April (reflecting mid-November through mid-February sales) total $7,452.092. Projections based on the trend analysis anticipated $7,354,536 for January through April collections. As a result, the actual distributions for the four months are $97,556 more than the amount projected. A spreadsheet showing total monthly sales tax distributions since 2001 is attached.
It is recommended that the distributions be evaluated on a quarterly basis. This should result in a more reliable analysis because the variances due to collection and processing issues will have less of an impact. The 2008 to date sales tax distributions represent an increase of 5.1% over the same period in 2007. It is highly doubtful that this level of increase is sustainable since national trends continue to show very low growth in consumer spending. However, food inflation has been high and food sales represent a significant amount of local spending. The 2008 projected amount represents a 2.8% increase over the 2007 distribution. Based upon the first four months results, the likelihood of our sales tax revenue meeting the projection and possibly the slightly higher budgeted amount have increased.
Bureau of Labor
Statistics Discontinues
Due to federal budget cuts, the Bureau of Labor
Statistics has discontinued publication of Current Employment Series (CES) data
for 65 small metropolitan areas, including
Public Works website enhancements
Technical specifications, detail drawing
sheets, and the solid waste management plan are now available on the Public
Works website. Technical specifications were revised in 2008. Detail
sheets have also been added to the web page for elements such as sidewalks,
driveways, pavements, patching, and so on. Technical specifications and
detail sheets are found at: http://www.lawrencepublicworks.org/technical_spec.shtml.
At the suggestion of the Sustainability Advisory Board, the Douglas and
Jefferson County Regional Solid Waste Management Plan has also been made available
in digital format. Annual updates to the plan are also available. The link may
be found under Resources and Information at http://www.lawrencepublicworks.org/solidwaste.shtml.
Egg Hunt Extravaganza held at
The annual Egg Hunt
Extravaganza was held at
Earth Day Celebration
Attracts Record Number of Participants
On Saturday, April 19,
2008, the City’s Waste Reduction &