published on December 20, 2016 - 1:41 AM
Written by The Business Journal Staff
Share this:
Share

The City of Chowchilla announced it has seen a notable bump in its sales tax revenue in the second quarter of this year.


Sales tax revenue was up 3.1 percent in the second quarter compared to the same quarter of 2015, compared to the Central Valley’s overall growth rate of 1.3 percent, according to a report from MuniServices, a private company used by cities to measure sales tax generation.

Growth in the sales of building materials lead the pack at 17.9 percent, with retail sales growing 7.5 percent. Transportation related sales taxes were down 3.4 percent due to falling gas prices, and business-to-business sales taxes declined by 7.2 percent.

“Being business friendly pays off — and our Council and staff see no limit to the opportunities ahead,” said Chowchilla Mayor Mary “Trinket” Gaumnitz, in a statement.

The City of Madera saw a 0.1 percent growth in sales tax revenue, according to a news release. Among Chowchilla’s closest neighbors that use MuniServices, the Merced County cities of Los Banos and Atwater both saw sales tax revenue contract by 2.3 percent and 1.8 percent respectively. The City of Fresno led the pack in Fresno County with growth of 3.8 percent and Sanger pulled up the rear with a 15.2-percent reduction in sales tax revenue.


e-Newsletter Signup

Our weekly poll

Should Californians be allowed to purchase high-capacity magazines for their guns?

Loading ... Loading ...