2013 Q1 Sales Tax Update
City of Rosemead
Update
Sales Tax
2013
Second Quarter Receipts for First Quarter Sales (January - March 2013)
Rosemead
In Brief
G
ross receipts for Rosemead’s
January through March sales were
6.3% higher than the same quar-
ter one year ago. Actual sales rose
5.6% when accounting anomalies
were excluded.
M
ultiple categories of general con-
sumer goods reported increased
sales activity. Recent additions con-
tributed to the gains from home fur-
nishings and full service eateries.
Onetime payments buoyed returns
from contractor supplies and the
business and industry group. The
allocation from the countywide use
tax pool was also a factor for the
overall increase in gross receipts.
S
ales declined from service sta-
tions and used car dealers. Ac-
T 25 P
OPRODUCERS
counting events depressed results
In Alphabetical Order
from grocery-beer and wine and
7 ElevenMacys
skewed comparisons for both auto
888 SeafoodMcDonalds
supply and auto repair.
Auto ZoneMcDonalds
N
et of reporting aberrations, sales
Bed Bath & Beyond
and use tax receipts for all of Los
CDM ConstructorsRosemead Mobil
Angeles County increased 4.9%
over the comparable time period; CH AutoRosemead Valley
Mart Mobil
Southern California regional totals
Chevron
Sea Harbour
were up 6.5%.
Circle K
Seafood
CVS Pharmacy
Solar Warehouse
Dunn Edwards
Target
Paints
East Gourmet
Marketing
Seafood
RestaurantTGI Fridays
In N Out BurgersWalmart
JBJ Pipe & Supply
Published by HdL Companies in Summer 2013
www.hdlcompanies.com | 888.861.0220
City of Rosemead
Sales Tax
Q1 2013
California Overall
Decline in Fuel Consumption
Continues
to natural gas.
After adjusting for payment aberra-
tions, statewide sales tax receipts for
Until recently, price increases have
According to the most recent data
January through March sales were
offset consumption declines. The
from the State Board of Equaliza-
6.5% higher than the same period in price gains were partly the result of
tion, California’s gasoline usage
2012.
-
eased 0.4% in the fourth quarter of
Strong sales for apparel, department
mies with higher demand and also by
2012 from 2011 levels. This contin-
stores and big box discounters lifted
ues a decline that began in 2005 and
general consumer goods and ac-
interruptions in the state’s limited
which is almost twice the nation-
counted for 23% of the statewide
production infrastructure.
wide drop.
increase. Improvements in the hous-
ing sector pushed building and con-
Historically, economic conditions
struction sales up 8.6%. Continued
have been the primary driver in fuel
robust sales of new automobiles led
usage, however other factors are be-
to a 9.3% increase over the compa-
coming increasingly prevalent. Na-
rable quarter. Reduced consumption
tionally, total vehicle miles traveled
combined with lower gasoline prices
have dropped eight years in a row as
cut fuel and service station returns in
aging drivers travel fewer miles and
the millennial generation, focused
Energy Projects Boost Business
on social networking technology,
and Industry Gains
is driving less than previous gen-
Taxes from construction of so-
also at play with the average new car
lar, wind, biomass and geothermal
achieving 16% more miles per gal-
power projects accounted for 39%
of California’s business–to-business
sales this quarter and produced sig-
B T 15 B C
ELLOPUSINESSATEGORIES
local agencies.
This temporary boost in revenues
came from the federal government’s
goal of doubling the nation’s renew-
able energy production in three years
and from California’s SB 2X which
was signed in April of 2011 and calls
for 33% of all retail electricity sales
to be from renewable energy sources
by 2020. Joint federal and state fund-
ing efforts to meet these goals have
resulted in the initiation of more
than a dozen utility-scale solar ener-
gy projects and over 130 renewable
power plant projects in California.
Intermittent quarterly spikes in sales
and use tax receipts from projects
under construction or in the pipeline
are expected for another two years.