Retail Sales Tax Down Dramatically in Alameda
Last week, Alameda City Council reviewed the quarterly sales tax numbers. Retail sales tax in Alameda was the hardest hit, business-to-business sales tax revenue the least hardest hit.
Last week, Alameda City Council reviewed the quarterly sales tax numbers. Retail sales tax in Alameda was the hardest hit, business-to-business sales tax revenue the least hardest hit.
Boosters of the cineplex attached to the Alameda Theater and the butt-ugly seven-story parking garage – imagine! a seven story parking garage in a town that preaches public transit and non-automobile alternatives! – promised that the development would generate a retail sales tax boon for City coffers. Another quarter has passed, another city staff report [...]
At last night’s City Council meeting, Council heard that city staff have filed a second appeal with the State Board of Equalization in a dispute with the City of Livermore which could cost Alameda $1.1 million.
As promised, here is some more analysis, including a couple of graphs, of Alameda’s Quarterly Sales Tax report, for the quarter ended December 31, 2008, which is the most recent data available from the State. City staff will present the report to Council tonight.
According to an Alameda city staff report to be presented to City Council tonight, in the 4th Quarter of 2008, the Park Street South of Lincoln sales tax district suffered a 15.3% decline in sales tax revenue compared to the same quarter the previous year.
On Tuesday night, City Council will review the quarterly sales tax report for the quarter ended September 30, 2008. There’s still no evidence that the Alameda Civic Center Parking Structure and Alameda Theater complex are providing the retail sales tax boon that was promised to Alameda residents.