Sales Tax Update - Good News
There is a small group of critics in this community who continue to crticize the City's pursuit of major sales tax producers over the past few years. The attached spreadsheet is proof positive that this pursuit was worth the trouble.
As nearly every other city in the state continues to experience double-digit percentage drops in sales tax revenue--Manteca was actually in the black this past quarter. Sales tax collections in the 3rd quarter of 2009 are actually 7.6% ahead of the same quarter last year. Year to date, we are only 1.2% behind last year's collections.
This small negative is great when you consider that the rest of San Joaquin County is down 20 percent from last year. Statewide, collections are down 17.8%.
I don't need to say any more, the numbers speak for themselves!
MANCRA%20%284%29.XLS
As nearly every other city in the state continues to experience double-digit percentage drops in sales tax revenue--Manteca was actually in the black this past quarter. Sales tax collections in the 3rd quarter of 2009 are actually 7.6% ahead of the same quarter last year. Year to date, we are only 1.2% behind last year's collections.
This small negative is great when you consider that the rest of San Joaquin County is down 20 percent from last year. Statewide, collections are down 17.8%.
I don't need to say any more, the numbers speak for themselves!
MANCRA%20%284%29.XLS
Labels: Budget
posted by City Manager @ 6:48 AM
0 Comments:
Post a Comment
<< Home