pages: CityCouncil/2005-12-20.pdf, 2
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CityCouncil | 2005-12-20 | 2 | (05-579) - Recommendation to accept the Quarterly Sales Tax Report for the period ending September 30, 2005, for sales transactions in the second calendar quarter of 2005. Councilmember deHaan stated that there has been a drastic 16.5% reduction in tax revenue generation; requested a forecast for the upcoming quarters. The Finance Director stated that the sales tax consultant advised her that sales tax receipts were not reported for the transportation and business-to-business categories during the third quarter the non-reporting occurred throughout the State; sales tax receipts should be reported in the next quarterly report for businesses headquartered in the southeast Gulf area; the report should be received the first part of January. Councilmember deHaan stated there was an 80% reduction in the commercial production, an overall 21.8% reduction in business-to business, and retail dropped 16.5% inquired what attributed to the 16.5% reduction in retail. The Finance Director stated that the reported geographic areas show downturns on Park Street and Webster Street as well as areas south of Lincoln Avenue; the decline could be attributed to construction activity as well as businesses coming in and out; stated that one, specific business was not inordinately impacted; impacts were across the board. Councilmember deHaan inquired whether the sales tax for the area north of Lincoln Avenue dropped immensely because of the economy. The Finance Director stated that she did not know why there was a decline in the area; under-reporting could have occurred. Mayor Johnson requested more information on under-reporting. The Finance Director stated that reports were late in coming to California for some businesses such as a multi-state business headquartered in Mississippi. Mayor Johnson inquired when the report would be available, to which the Finance Director responded the first part of January. Mayor Johnson requested an update when the final figures are received from the State. The Finance Director stated that the figures would be included in the next quarterly report. Regular Meeting Alameda City Council 2 December 20, 2005 | CityCouncil/2005-12-20.pdf |