Recently, the City transitioned to a new tax administration system that provides enhancements for licensed businesses and expanded reporting capabilities. In addition to comparing revenues to the budget and previous collections, the report includes a pie chart showing the business industries generating the sales tax revenue. The businesses are classified according to the North American Industry Classification System (NAICS), a standardized system used to classify business establishments in North America. The NAICS framework allows businesses, governments, and researchers to easily compare economic data across industries and identify economic activity trends and patterns. NAICS codes are used by various government agencies, such as the U.S. Census Bureau and the Bureau of Labor Statistics, to classify and analyze business data. They are also used by businesses and industry associations for market research and analysis.
Monthly Revenue Reports