CITY SALES TAX REVENUE UP 8.1 PERCENT RETAIL CAMPAIGN GETS SOME CREDIT.Byline: Patricia Farrell Farrell, city (1990 pop. 6,841), Mercer co., W central Pa., on the Shenango River at the Ohio line and adjoining Sharon, Pa.; inc. 1901. It is a railroad center, and its steel- and ironworks industries have declined. Aidem Staff Writer SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - The city's share of sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. revenue shot up 8.1 percent in the fourth quarter of 2004, amounting to $6.76 million for Santa Clarita's general fund. The city's 1 percent share of locally generated sales tax revenue grew by $506,933 compared with the last three months of the previous year. Santa Clarita's annual budget projects total revenue from sales tax at $28.8 million. City Treasurer Darren Hernandez attributed the gain to three factors: an improving local economy, continued growth in the retail sales tax base and the city's Shop Santa Clarita campaign. The quarter, which included the lucrative holiday shopping season, saw a 20 percent increase in sales of new autos, the city's single-largest source of general fund income. Also boasting boast 1 v. boast·ed, boast·ing, boasts v.intr. To glorify oneself in speech; talk in a self-admiring way. v.tr. 1. To speak of with excessive pride. 2. increased sales were apparel stores, furniture and appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. outlets, food markets and business services. ``The auto dealers are doing very well and that's because of our strong local economy,'' said Hernandez. ``Not only are residents shopping for cars in the city, people are coming from outside to buy cars.'' Sales tax revenue helps pay for additional law enforcement and parks and recreation, Hernandez said. In the general retail category, drugstores showed a significant slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. of 22 percent, or more than $40,000, for the quarter compared with the last three months of 2003. But those businesses are only a small percentage of the whole. By contrast, a big-ticket category - department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. - claimed a 2.7 percent increase, amounting to $24,279. Also declining were the florist and nursery businesses, which fell 11.2 percent, or $3,486. Overall, however, sales tax revenue for retail sales increased 3.4 percent. The quarter came during the city's Shop Santa Clarita campaign aimed at keeping sales tax revenue within city limits. Patricia Farrell Aidem, (661) 257-5251 pat.aidem(at)dailynews.com CAPTION(S): chart Chart: SANTA CLARITA CITY SALES TAX REVENUE Source: City of Santa Clarita |
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