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Finance director unveils new monthly sales-tax reporting; town revenues described as 'stable'
Summary
Finance Director Dave Byrd presented a new monthly sales-tax reporting package to the Administrative Committee showing generally stable gross sales through December, construction-led growth and sector variability; staff will refine reports and seek a local vs. mail-order breakout for retail.
Finance Director Dave Byrd presented a new monthly sales-tax reporting package to the Administrative Committee on Hilton Head Island, saying the town’s gross sales trends appear broadly stable and the new reports—compiled with staff and state data starting in 2023—will be included in future packets.
Byrd said the town’s year-to-date gross sales through December totaled about $1,500,000,000 and reflected only modest growth (he characterized the trend as “I’ll call stable” from the town perspective). He highlighted sector-level differences:…
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