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SALES TAX YIELDS HIGHER RETURNS MAIN FUND SOURCE RISES 2.6 PERCENT.(News)
- Article from:
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Daily News (Los Angeles, CA)
- Article date:
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August 20, 2005
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Copyright informationCOPYRIGHT 2005 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Daily News
SANTA CLARITA - Sales tax revenue generated in Santa Clarita - the city's key source of funding - increased 2.6 percent in the first quarter over the same period last year.
During the first three months of the year, Santa Clarita realized $6.03 million in sales tax, compared with $5.88 million in 2004. The quarter is generally viewed as the slowest of the year.
``Usually in the first quarter of the calendar year, sales tend to be a bit lower because it is just after the holidays,'' city Finance Manager Gina Schuchard said. ``The good news is that Santa Clarita is growing in some specific areas such as ...
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