View Mobile Site
 

Ask the Expert

Signal Photos

 

Sales Tax Revenue Falls, But City Says it's OK

Posted: February 26, 2008 7:55 p.m.
Updated: April 28, 2008 5:01 a.m.
 
Sales tax revenue declined in the city of Santa Clarita during the third quarter of 2007, city officials announced Monday.

For July, August and September, sales tax numbers were down 5.4 percent compared with the same quarter in 2006.

Sales tax revenue accounts for approximately 39 percent of the city's general fund.

"Santa Clarita's sales tax numbers decreased about $300,000 this quarter over the previous quarter," City Treasurer Darren Hernandez said in a statement. "What this means for Santa Clarita is that we will continue our business practices of conservative financial planning during these uncertain times."

The city saw big decreases from lumber and building material stores - about 28 percent - as well as a nearly five percent drop from home furnishing stores.

Decreases of nearly 13 percent were also seen from new car sales.

The city did see a few increases, including gains of 10 percent from restaurants, 16.2 percent from discount department stores, and 32.8 percent from office equipment stores.

Sales tax revenue also increased from trailer and auto parts stores, motion pictures and equipment, and grocery stores.

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...