Page 59 - FY 2022-23 Revenue Outlook

Sales Tax
Annual Sales Tax Revenue and Growth - Long Term Perspective
(Thousand Dollars)

FISCAL % FISCAL %
YEAR REVENUE CHANGE YEAR REVENUE CHANGE
1956-57 39,313 1990-91 292,592 -1.6%
1957-58 39,565 0.6% 1991-92 270,383 -7.6%
1958-59 40,196 1.6% 1992-93 267,238 -1.2%
1959-60 43,335 7.8% 1993-94 257,687 -3.6%
1960-61 43,360 0.1% 1994-95 268,873 4.3% -
1961-62 44,433 2.5% 1995-96 277,469 3.2%
1962-63 47,500 6.9% 13-YR. 1996-97 283,482 2.2% 7-YR.
1963-64 50,001 5.3% AVG. 1997-98 296,874 4.7% - AVG.
1964-65 52,541 5.1% 4.4% 1998-99 306,358 3.2% 4.8%
1965-66 54,355 3.5% 1999-00 331,711 8.3%
1966-67 57,107 5.1% 2000-01 357,224 7.7%
1967-68 62,279 9.1% 2001-02 351,062 -1.7%
1968-69 64,320 3.3% 2002-03 363,788 3.6%
1969-70 68,120 5.9% 2003-04 377,890 3.9% 6-YR.
1970-71 66,025 -3.1% 2004-05 398,325 5.4% AVG.

1971-72 71,828 8.8% 2005-06 431,407 8.3% 4.2%
1972-73 80,009 11.4% 2006-07 445,179 3.2%
1973-74 90,925 13.6% 2007-08 447,417 0.5%
1974-75 96,088 5.7% 2008-09 415,920 -7.0%
1975-76 105,902 10.2% 11-YR. 2009-10 373,460 -10.2%
1976-77 115,127 8.7% AVG. 2010-11 395,477 5.9%
1977-78 132,029 14.7% 10.4% 2011-12 430,995 9.0%
1978-79 148,849 12.7% 2012-13 451,959 4.9% 9-YR.
1979-80 171,062 14.9% 2013-14 473,870 4.8% AVG.
1980-81 183,178 7.1% 2014-15 493,375 4.1% 4.5%
1981-82 194,928 6.4% 2015-16 505,670 2.5%
1982-83 189,751 -2.7% 2016-17 518,402 2.5%
1983-84 208,758 10.0% 2017-18 529,895 2.2%
1984-85 227,503 9.0% 7-YR. 2018-19 581,443 9.7%
1985-86 240,418 5.7% AVG. 2019-20 556,237 -4.3%
1986-87 246,930 2.7% 6.6% 2020-21 516,140 -7.2%
1987-88 266,073 7.8% 2021-22 665,420 28.9% Estimated
1988-89 278,235 4.6% 2022-23 704,760 5.9% Proposed
1989-90 297,209 6.8%

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