pages: CityCouncil/2008-12-02.pdf, 2
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CityCouncil | 2008-12-02 | 2 | losses. The Interim Finance Director stated the Quarterly Sales Tax Report is starting to show a gradual decline in sales tax; the City budgeted $4.8 million and received $4.6 million for Fiscal Year 2007-2008 sales tax; the total sales tax loss is approximately $680,000 for automobile sales services; staff will be doing a comprehensive Fiscal Year 2009-2010 budget review; policy choices will need to be made; $5. 1 million has been budgeted for sales tax for this Fiscal Year; projections are accurate. The City Manager stated the loss of one dealership was budgeted this fiscal year. Councilmember deHaan inquired whether there may be further impacts because of associated businesses; stated used car dealerships and repairs shops could close. The Interim Finance Director stated staff would review the matter. Councilmember deHaan stated sales tax increased by 140% for the Bridgeside Shopping Centre; Towne Centre is showing an increase that he is concerned with the area south of Lincoln Avenue on Park Street Webster Street is doing better; catalyst projects are anticipated for the south of Lincoln Avenue area; that he is surprised that sales tax increased by only $5,100. The Interim Finance Director stated an Off Agenda Report could be provided on the matter. Mayor Johnson stated Park Street had a boom last year the City is very fortunate to have redevelopment on Park Street, the Bridgeside Center and Webster Street; auto dealership losses are out of the City's control; that she appreciates the Harbor Bay Business Park, but the Business Park does not create a lot of revenue. The Interim Finance Director stated a major Harbor Bay Business Park business did not report correctly; the business still has an outstanding amount that needs to be corrected. Mayor Johnson stated people need to see that the Harbor Bay Business Park does not generate a lot of sales tax; the area is appreciated for job generation; inquired whether figures noted on Attachment 1 are for the unincorporated area of Alameda County. The Interim Finance Director responded numbers represent all cities in Alameda County. Regular Meeting 2 Alameda City Council December 2, 2008 | CityCouncil/2008-12-02.pdf |