We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The city collected $7.2 million in May this year compared with $7.1 million for the same period a year ago.
Retail sales tax was up 1.9 percent, from $5.6 million in May 2012 to $5.7 million in May this year.
Year to date, Sales- and use-tax collections are up 4.9 percent. Retail sales tax is up 6.2 percent, construction use tax is down 12.1 percent, and motor vehicle use tax is up 8.5 percent.
For the year, retail sales tax makes up 79.4 percent of the collections, followed by business use tax, 9.4 percent; Construction sales and use tax, 8.4 percent; and Motor vehicle use tax, 2.8 percent.