HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: December 6, 2011
AGENDA ITEM NO.
ITEM TITLE:
National City Sales Tax Update — Second Quarter 2011
PREPARED BY: Leslie Deese, Asst. City Man
PHONE: 336-4240
EXPLANATION:
DEPARTMENT: City Manager
APPROVED BY:
BACKGROUND
National City has an on -going contract with Hinderllter, de Llamas & Associates (Hdl Companies) for revenue management.
Staff meets with a representative of Hdl on a quarterly basis to review sales tax data and trends within the City and
Statewide. The Hdl companies also review National City's property tax data and provides an annual report of the
Redevelopment Project areas.
NEWSLETTER SUMMARY
Sales tax for the Second Quarter of 2011 showed a 10% increase in comparison to the same quarter last year but reporting
aberrations skewed the data. Excluding anomalies, actual sales gained 4.7%. Revenues from the voter approved Proposition
``D" were up 5.2% after factoring out onetime reporting aberrations. Over the same period, taxable sales for all of San Diego
County was up 9%; statewide sales grew 9.7%. California's local sales and use tax revenue for the second quarter of 2011
were 9.4% higher than the same quarter of 2010 after payment aberrations were removed. Second Quarter fuel sales
represented 38% of the total statewide sales tax increase. Stimulus funded infrastructure projects produced temporary gains
in sales tax on concrete, asphalt and aggregates but are expected to wane later in the year as funding is depleted. The
attached Newsletter provides additional detail on the economic front. This newsletter is also available on the City's website.
FINANCIAL STATEMENT:
ACCOUNT NO.
N/A
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
APPROVED:
APPROVED:
Finance
MIS
STAFF RECOMMENDATION:
Accept and file the newsletter
BOARD / COMMISSION RECOMMENDATION:
N/A
ATTACHMENTS:
National City Sales Tax Update Newsletter — Second Quarter 2011