HomeMy WebLinkAboutNational City Sales Tax Update Newsletter (Finance)National City
In Brief
Re ipts trir Ey''s Js'm-
ai�Ir though h14Eirch ales vJerE 2..5 '.
h.�'l r=r Dian 9hre sortie quarle' f}ri
year -agc rtLt lad: sa:es ac1i i y ':J3
up 3.7%, Ufhrn reporting aberryl nr.s
were factored r,a'
A r cion° addlion ri 'pad ! u.5r
sdl#.+; f inn:-p P. dea.ers. Rc elpls
f-orri GL•i,l y
o-letimo accuure,fpg adjosImen15 in
the pear-a?o period The clly ex-
perienced a sIrona Sales quarter for
Several categories Qf genera cen-
surrier 000da.
The g irtis.lr,en partialiy ofrse9 oy
a drop Or, saes fcs atir:ace etatror7&
lumberJbulraing materials, and ccr
trac'icas A 1-trsiria'ss relocslia'i re•
du receipts tor- light it d,is.trral?
printers
The city's voter -a proved Propo-
Ti1 n 1-.i Gfle GLr11 ifari.sar terns tag
geleralai $2.214,219 for a 2 i%
gain over Ihe•£ame gl.ia:ter a year.
sago
diustk v fQr aberrations taKable
sates for ail of San LJ.B D Cotinly
anaeased 61% over the rn ra-
41e trine period. while the Southern
a rlfG,n31 r eoll as $ whole Was tip
National City
ZiuFosWl1
iant
r'. Sales Tax Update
RiCap,+: jooJ 14errt 'iRr4': Sax: (pintail - Mattn.?O1jy
SALES TAX BY MAJOR BUSINESS GROUP
st2tn po
atom go
Wogs)
Wu POD
MO POP
$200 AOO
So
Airbag
and
Trenspodetlon
General
Consumer
Goods
Restaurants
and
Hotels
TOP 25 PRODUCERS
In Natiaberkactrefor
Arco AM PM
Ball Honda Acura
Mitsubishi Suzuki
tca
Frank Hyundai
Frank Subaru
Frank Toyota Scion
Highland Arco
JC Penney
Macys
McCune Motors
Mor Furniture 4 Less
Mossy Nissan
Nordstrom Rack
Perry Chrysler
Dodge Jeep Ran
Perry Ford
Probulld Company
Ron Baker Chevrolet
Ross
South Bay
Volkswagen
South County Buick
GMC
Target
Tesoro Refining &
Marketing
Univar
Vintners Distributors
Walmart
Wescott Mazda
Fuel and
Service
Stations
Business
and
Industry
• 1st QuJrt.;r 2 12
. Ist Ouarte' 2013
Food
and
Drupe
Bolding
end
Construction
REVE iE COMPARISON
FurQtuarteis- Fisca€ dean To Date
2011.12 2012-1$
Peinttof-Sale $12.126 222 $13 068.292
County Pool 1,436 723 1,563,945
State Pool 4 415 6.860
Gross Receipts $13,567,361 $14,639,097
Leas Triple Fltp' .$(3391.840) %(1659.774)
Gross Trans. Tax $9.172.511 $9 1.48,328
'"Rer»thw.s d from county compenaarrvn pm(
Published by fidl. Companies in Summer 2013 c L'
www hdlarrrrpanios tom 1 88B 661 O2220 c, � , t,
Q12113 National City Sales Tax Update
Calfornia Overall
kftei adjusting for payment aberra-
tions, s6atewide sales tax receipts for
januaiv thtough March sales were
6 5° o *hex than the same period in
2012
Strong sales fo1 apparel, department
stoles and big box discounters lifted
general consume;t good: and ac-
counted fog 23°•4 of the statewide
increase Imprortments in the hous-
ing sector pushed buildu xg and con-
struction sales up 8 6% Continued
robust sales of new automobiles led
to a 9.3% increase Y ci the compa-
rable quarter Reduced consumk;1o;i
combined with lower gasoline paces
cut fuel and service station tetuj a in
the first quarter by 2.7%.
Energy Projects Boost Business
and Industry Gains
Taxes from construction of so-
lar, wind, biomass and geothermal
power projects accounted for 39%
of California's business -to -business
sales this quarter and produced sig-
nificant windfalls for a handful of
local agencics.
This temporary boost in revenues
came from the federal government's
goal of doubling the nation's renew-
able energy production in three years
and from California's SB 2X which
was signed in April of 2011 and calls
for 33% of all retail electricity sales
to be from renewable energy sources
by 2020. Joint federal and state fund-
ing efforts to meet these goals have
resulted in the initiation of more
than a dozen utilit;-scale solar ener-
gy projects and over 130 renewable
power plant projects in California.
Intermittent quarterly spikes in sales
and use tax receipts from projects
under construction or in the pipeline
are expected for another two years,
Decline in Fuel Consumption
Continues
According to the most recent data
from the State Board of Equaliza-
tion, California's gasoline usage
fell 1.7% while diesel consumption
eased 0.4% in the fourth quarter of
2012 from 2011 levels, This contin-
ues a decline that began in 2005 and
which is almost twice the nation-
wide drop.
Historically, economic conditions
have been the primary driver in fuel
usage, however other factors are be-
coming incteasingly prevalent Na-
tionally, total vehicle miles traveled
have dropped eight years in a row as
ag,iig dti3-ers travel fewer miles and
the millennial generation, focused
on social networking technology,
is driving less than previous gen-
erations. Increased fuel efficiency is
also at play with the average new car
achieving 16% more miles per gal-
lon than just five years ago and some
commercial trucking fleets shifting
to natural gas.
Until recently-, price increases have
offset consumption declines. The
price gains were partly the result of
California refineries exporting their
finished product to emerging econo-
mies with higher demand and also by
periodic refinery and transmission
interruptions in the state's limited
production infrastructure_
SALES PER CAPITA
$8,000
OOO
51,000
lC
Q1 Q1
10 11
3Jahonal City
Q1
12
a1
13
County California
NATIONAL CITY TOP 15 Busi'r sS T TES
Burners Type
Depar1n r i Stores
Dscount Dept Stores
EeclrennefAppkance Sixes
Far* Apparel
Heavy Industrial
Hoene Furnishings
Luntor'Buddolg
New Motor Vehsle Dealers
Restaurants Liquor
Resleutants NcAlcohaa
*Me Stations
Shoe Stores
Specialty Stores
Used Artaanein's tilers
Whmen's Apparel
?Monet Cdy
Q11:1' Change
138.0 3.5%
- CONFIDENTIAL -
63.0
163.8
51.7
48,9
48.1
1.065,6
54.5
246,7
206.6
56.3
83.7
89.0
80.0
-2.2%
6,5%
-4.6%
9,8%
-18.0%
3.3%
3.6%
5.3%
-7.4%
0.2%
20.0%
10.6%
10.1%
County HdL Stars
Change Change
0.3% 5.1%
5.2% 5.1%
1.2% -3.3%
10.2% 16,3%
6.8% 7.8%
4.7% 4.6%
0.6% 7.2%
6.9% 9.5%
3.0% 6,4%
8.6% 6.0%
2.4% -7,2%
7.8% 10.6%
10.0% 2A%
7.2% 7.9%
11.4% 14.6%
Total All Accent,
County & Sbte Pool Alocbtan
Gran Receipts
$3.221.8
396.4
$3,618 2
2.8% 3 2% 5.7%
-0 2%
2 5%
'In fx'iaands