SALES TAX REVENUES RISE IN CITY; RETAIL POWER, NEW LAWS TAKE CREDIT FOR 8 PERCENT INCREASE.Byline: Patricia Farrell Aidem Daily News Staff Writer Continuing a steady upward trend, 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 increased by 8.2 percent in the third quarter of 1998, 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. figures released Tuesday. The result was $3.8 million in revenue that will be added to Santa Clarita's general fund, compared with $3.5 million in the comparable period of the previous year. The money represents the city's 1 percent share of sales tax revenue from July, August and September. ``Sales tax is going up,'' said Ken Striplin, a management analyst for the city. ``The economy looks good.'' The transportation category, which includes auto sales Auto Sales The major producers of domestic automobiles report sales monthly. These numbers are seasonally adjusted by the U.S. Department of Commerce and are available to the public one to five business days after the end of each month. , was again the greatest source of sales tax. The Valencia Auto Row's car dealers provide Santa Clarita's single largest source of sales. In second place was general retail, which includes tax revenue generated by the Valencia Town Center. The greatest increase was the business-to-business category, which includes light industry, office equipment and auto leasing, Steve Stark, the city's director of administrative services, said in a statement. Revenue from those businesses went up 31 percent. A change in the law in 1997 requiring that sales tax charged on auto leases be credited to the city where the lease was drawn rather than where the lessee lived helped boost that segment of the revenue pie, Stark said. Sales tax revenue from construction-related businesses increased 27 percent. That category includes building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , and the boom in business is directly related to the construction activity in 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, . Striplin said the figures showed a steady incline over the decade. In fact, projections of increased revenue late last year allowed Santa Clarita a midyear budget adjustment. The City Council allocated additional money for recreation programs, a joint project with the Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. Boys & Girls Club Girls Club is a 2002 American television series created by David E. Kelley, who was also it's producer and executive producer. Only two out of a total of thirteen episodes created were broadcast on Fox Television in the United States and Global Television in Canada. and other services. What the figures do not include is revenue from the vast Valencia Marketplace, just outside Santa Clarita city limits. That sales tax is divided between the state and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, a sore point with the city, which sees retail dollars being sucked out of Santa Clarita to that center's ``big box'' stores. Thus the city is trying to work with the county for a share of money generated by the Marketplace, or take steps to annex the area. The city is drawing support from a new state law approved by voters and a county report critical of the county's far-reaching planning approaches. Money could be used to improve city services - such as parks and libraries - that are used by residents under the county's jurisdiction. CAPTION(S): Chart CHART: REVENUE BREAKDOWN |
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