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YELM REPORTS WORST IN COUNTY THIRD QUARTER 2009 TAXABLE SALES

“Year-over-year taxable retail sales in Thurston County fell nearly 9 percent in the third quarter of 2009, the seventh consecutive quarter in which businesses and consumers cut back on their spending, according to state Department of Revenue data released Thursday [Jan. 15]…

Statewide taxable retail sales fell 11.6 percent from the previous year in the third quarter, the third-largest decline on record…

In Thurston County and its four largest cities, the overall year-over-year taxable retail sales data show:

Thurston County: Fell 8.95 percent to $968.7 million from $1.06 billion

Olympia: Fell 2.68 percent to $435.3 million from $447.2 million

Lacey: Fell 15.29 percent to $238.8 million from $281.9 million

Tumwater: Fell 5.44 percent to $109.2 million from $115.5 million

Yelm: Fell 17.29 percent to $35.7 million from $43.2 million,” quoting The Olympian.

THIS WRITER WARNED THE CITY COUNCIL ON THE RECORD IN LATE 2009 THAT REVENUES FROM TAXES WOULD CONTINUE TO DECLINE, AFFECTING THEIR BUDGET!

Posted by Steve on January 15, 2010 at 8:27 am | Permalink

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