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Comptroller: Milwaukee 2% sales tax brought in $200.6 million in 2024, $16.6M above budget estimate
Summary
A city comptroller’s report to the Milwaukee Common Council Finance and Personnel Committee found that the city-only 2% sales tax generated $200,621,090 in fiscal 2024, $16.6 million (9%) above the $184 million estimate included in the 2024 budget.
A city comptroller’s report to the Milwaukee Common Council Finance and Personnel Committee found that the city-only 2% sales tax generated $200,621,090 in fiscal 2024, $16,600,000 more than the $184,000,000 estimate in the 2024 budget.
The comptroller, Bill Christiansen, said the city’s estimate was intentionally conservative because “there was no reliable historical data for taxable sales in just the city of Milwaukee” and because the model relied on the share of county taxable sales that occurred inside the city. He told the committee: “For example, the different data sets that we were working with supported the city share of county taxable sales being anywhere from 47% to 52%. So, in our model, we went with the low end that was supported by the data,…
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