Latest Sales Tax Data

Attached is a chart showing sales tax collections for the first quarter of 2009. The Cash Receipts Analysis report (CRA) is designed to give jurisdictions an analysis of sales and use tax cash receipts from the State Board of Equalization (SBE). The CRA includes comparisons by quarter, by fiscal year-to-date, and by benchmark year. The report not only includes the cash receipts for our city, but all jurisdictions in our county-wide area, other counties throughout our region, regions throughout the entire state, and Statewide totals.

While collections are still down overall from last year, you can see that Manteca is not doing as poorly as our neighboring jurisdictions. Part of this is due to the fact that we started losing sales tax dollars sooner than many of our neighboring cities. We had one of the largest year to year drops at this time last year. So our reductions are less this year since we took the hit earlier. In addition, we've now got full quarter totals from Costco and Bass Pro Shop included in this compliation.

However, we don't yet know how much these two entities contributed to our smaller revenue drop. We don't get detailed numbers until next month. If a lot of the increase is attributed to these two businesses, that is a double-edged sword since we have sales tax sharing agreements with each entity. With Bass Pro, they receive 55% of the proceeds, while Costco gets 45%.

Once we get business specific numbers, we'll be able to do a more accurate projection of our sales tax revenue for the upcoming fiscal year. So far, revenue is pretty close to what we expected, but we need more detail before making our final 2009-2010 sales tax revenue estimate.

MANCRA.XLS