I. RECOMMENDATION:
Staff has no recommendation. This is an informational item only.
II. BACKGROUND:
III. DISCUSSION:
Coalinga’s sales activity from July through September was 1% below that of the third sales period in 2018. Cash receipts for the same period were 10% less than at this time last year when late payments were being received following delays caused by the state’s tax filing system.
The state requires discretion when addressing sales tax activity to protect taxpayer confidentiality. As a result, nothing that would reveal the activity for a specific taxpayer can be discussed. At times this will mean that the results for an entire group of businesses may not be addressed if a single business dominates that group’s results.
Much of this period’s activity was influenced by a decline in sales by a variety of taxpayers who appear to be operating under contract with one or more entities. Meanwhile, fuel sales volumes were mixed but mostly lower, which is similar to trends found around the state.
Measure J, the City’s 1% local use tax generated $465,349 in its second quarter since inception. Sales of petroleum products, including equipment for wellhead production along with capital investments made by local businesses generated the largest volume of receipts this period.
Net of adjustments, taxable sales for the entire San Joaquin Valley were up 4.4%.
IV. ALTERNATIVES:
V. FISCAL IMPACT:
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