Sales Tax Report
Fourth Quarter - Fiscal Year 12/13
The total sales tax revenue for FY12/13 of $6,040,541 exceeded FY11/12 by over $895,000. Measure O, a
newly added permanent 0.25% sales tax, became effective in the fourth quarter and contributed over
$250,000 towards the annual increase. The remaining increase can be attributed to the addition of a new
major retailer and increased economic performance.
Full Year Sales Tax Revenue
2013 Actual
Amount
2013
Amended
Budget
2012 Actual
Amount
2013 Actual vs.
Amended
Budget
2013 Actual
vs. 2012
Actual
Description
Bradley Burns (a)
In Lieu
Total Bradley Burns
$
$
$
3,662,708
1,102,418
4,765,126
$ 3,559,800
$ 1,102,400
$ 4,662,200
$ 3,281,468
$
946,996
$ 4,228,464
2.9%
0.0%
2.2%
11.6%
16.4%
12.7%
0.25% Measure D
0.25% Measure O
Total Add-on
$
$
$
1,020,747
254,668
1,275,415
$
983,000
$
245,600
$ 1,228,600
$
$
$
916,645
916,645
3.8%
3.7%
3.8%
11.4%
New
39.1%
Total Sales Tax Revenue Rcvd.
$
6,040,541
$ 5,890,800
$ 5,145,109
2.5%
17.4%
(a) 3/4 of Bradley-Burns 1%
The total fourth quarter sales tax revenue of $1,445,531 exceeded the prior year by $368,640. Over
$254,000 or 69.1% of the increase can be attributed to Measure O. The remaining increase can be
attributed to the addition of a new major retailer and improved economic performance.
Q4 2012-13 Results
Description
2013
Amended
Budget
2013 Actual
Amount
Bradley Burns (a)
In Lieu
Total Bradley Burns
$
$
$
927,382
n/a
927,382
0.25% Measure D
0.25% Measure O
Total Add-on
$
$
$
263,481
254,668
518,149
Total Sales Tax Revenue Rcvd.
$
1,445,531
(a) 3/4 of Bradley-Burns 1%
2012 Actual
Amount
2013 Actual vs.
Amended
Budget
2013 Actual
vs. 2012
Actual
4.3%
n/a
4.3%
10.0%
n/a
10.0%
$
$
889,300
n/a
889,300
$
843,196
n/a
843,196
$
$
$
245,600
245,600
491,200
$
$
$
233,695
233,695
7.3%
3.7%
5.5%
12.7%
New
121.7%
$ 1,076,891
4.7%
34.2%
$ 1,380,500
Five Year-Trends
A review of five-year trends indicate that sales tax revenues have risen steadily, without the addition of the
FY12/13 fourth quarter Measure O receipts. Business segments contributing to sales tax growth include
department stores, auto sales, and restaurants with growth rates of 57%, 14.6%, and 2.8% respectively.
Some of the smaller business segments, including drug stores and retail building materials, experienced a
reduction in sales tax revenues of 7.5% and 6.4%, respectively. The distribution of FY 12/13 sales tax
revenues by business segment is provided for reference.
It is projected that sales tax revenues will continue to rise in FY 13/14 and FY 14/15.
Sales Tax Trends
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$FY 08/09
FY 09/10
Bradley Burnes
FY 10/11
Measure D
FY 11/12
Measure O
Sales Tax by Business Segment: Fiscal Year 2012-13
Source: MuniServices, LLC
FY 12/13