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Downtown sales-tax report shows Pear l Street dip; staff flag data limits and one-time event funding
Summary
City staff reported a year-over-year decline in sales-tax receipts on Pearl Street Mall and described limits in drawing firm conclusions from sales-tax data alone. The general improvement district approved a one-time $25,000 allocation for downtown special events and discussed whether to track smaller downtown subareas more granularly.
The commission heard that sales-tax receipts from Pearl Street Mall fell about 6 percent year over year while other downtown subareas recorded smaller changes, city staff said during the May 13 meeting of the National Management System Meeting.
Staff cautioned that sales tax is only one measure of commercial health and that the recent data release is lagging. "Sales tax is just kind of one piece of the puzzle in terms of business performance," Stephanie Freeze, PRC, said. Freeze and other staff said more granular analysis (for example, separating the West End from Pearl Street) would…
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