SALES TAX POT UP FOR QUARTER REVENUE RISES BY 5.6 PERCENT.Byline: Daily News 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, -- 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. collected in Santa Clarita, a key source of revenue, increased by 5.6 percent to $7.3 million in the third quarter of 2006 compared to the same period the previous year. The largest gain from July through September was a 23 percent hike totaling $162,635 in business-to-business sales and leases, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data released Friday. Auto sales, the single largest tax generator in the city, declined 3.4 percent, generating $1.6 million for the quarter, while auto leasing increased 29 percent. Food products showed a 7 percent increase, general retail sales were up 6.5 percent, transportation-related sales increased 4.1 percent and gas station sales fell slightly, reflecting lower gas prices for that period. The strong increase in business to business sales over the last year represents locally purchased office equipment, electronic equipment, business services, energy sales, heavy and light industry. "Santa Clarita continues to show a healthy financial climate, with strong sales across the board, the lowest unemployment rate in the county at 2.4 percent and continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. low vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rates," said Darren Hernandez, the city's treasurer and director of administrative services. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion