According to sales tax receipts collected from January through March, sales were 1.2% higher compared to the same quarter a year ago. New quick service and casual dining eatery openings, along with higher net sales, helped boost revenue for restaurants and hotels. Strong major retailer sales within auto transportation – which is composed mostly of gas stations – along with higher fuel prices also positively impacted service station receipts.
However, these gains were partially offset by retail store closures and weak jewelry store sales, which depressed general consumer goods results. In comparison, taxable sales and the use of tax receipts for all of Los Angeles County rose 2.1% over the same period while Southern California was up 2.0% as a whole.
For more information, please contact Finance Director Tom Marston at 626.308.2812 at extension 4610 or firstname.lastname@example.org.