HomeMy WebLinkAboutA200 National City Sales Tax Update Newsletter - 3rd Qtr (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: February 4, 2014
AGENDA ITEM NO.
ITEM TITLE:
National City Sales Tax Update Newsletter — Third Quarter 2013
PREPARED BY: Ed Prendell, Budget Analyst
PHONE: 619-336-4332
EXPLANATION:
DEPARTMENT: Financ
APPROVED BY:
BACKGROUND
National City has an on -going contract with Hinderliter, de Llamas & Associates (HdL) for revenue management. Staff meets
with a representative of HdL on a quarterly basis to review sales tax data & trends within the City & Statewide.
NEWSLETTER SUMMARY
Receipts for National City's July through September sales were 11.4% higher than the same quarter one year ago.
Autos and transportation posted a strong quarter from new and used car sales and leases. In addition, receipts from
business and industry were boosted by onetime payments.
Lower receipts from service stations partially offset the city's gains. General consumer goods also posted sales declines from
family apparel, department stores, and home furnishings; however, the loss was exaggerated by payment anomalies.
Onetime adjustments were responsible for temporarily depressing building and construction.
Measure "D", the city's voter approved transaction tax generated $2,452,022, an 8.3% increase over the same quarter last
year.
Adjusted for aberrations, taxable sales for all of San Diego County increased 6.1% over the comparable time period, while
Southern California region as a whole was up 5.3%.
FINANCIAL STATEMENT:
ACCOUNT NO.
NA
APPROVED:
APPROVED:
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
MIS
STAFF RECOMMENDATION:
Accept and file the newsletter.
BOARD I COMMISSION RECOMMENDATION:
ATTACHMENTS:
National City Sales Tax Update Newsletter — Third Quarter 2013