The city's sales tax receipts were up by four percent for April through June, compared to the second sales period in 2015.
Higher sales from existing outlets and revenues from recently opened eateries boosted the restaurants and hotels category, which is the city ‘s largest business group. Continued strong sales from the automotive sector and a one-time payment in business and industry were also factors in the overall gain.
The City’s allocation from the countywide use tax pool increased 17.5% over the previous year due largely to the correction of a prior multi-year misallocation that inflated the pool during the quarter. This gain represented the largest cash gain for the quarter amount the major business groups.
The general retail sector saw mixed results, with higher sales from electronics stores but a sharp decline in jewelry stores receipts. A few store closures and low gas prices also contributed to lower revenues to offset the tax revenue gains.
In comparison, sales tax receipts for all of Los Angeles County rose 1.1 percent over the comparable time period, while Southern California as a whole was up 1.6 percent.
For more information, contact Finance Director Tom Marston at 626.308.2812, ext. 4610 or firstname.lastname@example.org.