Recently the City transitioned to a new tax administration system that provides enhancements for licensed businesses as well as expanded reporting capabilities. The report for the 1st Quarter of 2023 shows the revenues compared to budget and 2022 as well as 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), which is 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.