Sales tax trends upward
receipts for the second quarter of calendar year 2010 (April -
June) were 2.9% higher than the same quarter one year ago. This
is welcome news as it is the first time receipts were up year
over year since early 2007. Overall sales tax receipts are
still down 20% from their peak in 2006.
Measure Y half-cent sales tax
generated $1,357,894 in the same period, rising 3.4% as compared
to the second quarter 2009.
Since its inception in 2007, this general purpose revenue
has generated approximately $5 million per year to
fund operating programs and one-time capital improvements such
as neighborhood street paving and pothole repair, key public
safety positions, senior citizen services/facilities, flood
protection and other vital general purpose services.
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