Lancaster’s sales tax revenue dips

first_imgThe city of Lancaster experienced a 0.5 percent decrease in sales tax revenue in the fourth quarter of 2006 compared with the same period in 2005, recent data released by the HDL Companies showed. The drop came after revenues hit record highs in recent years. A decrease in sales from new auto dealers and contractors was partially responsible for the decline, while higher fuel prices and increased sales from discount department stores and restaurants with no alcohol offset the losses. The decrease in contractor sales reflects a slowdown in the statewide housing market, which experienced a 5.7 percent decline in the fourth quarter. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The state of California posted numbers that were unchanged from the previous year’s, while Southern California’s dipped 0.3 percent. Los Angeles County, however, saw an increase of 0.5 percent over the same period in 2005. Another factor in the decline of Lancaster’s tax sales revenue were one-time accounting adjustments that temporarily inflated last year’s allocation. The top producers were (in alphabetical order): Arco, Arco AM PM Mini Mart, Arrow Transit Mix, Cardlock Fuels, Costco, Deluxe Financial Services, Harley-Davidson, Home Depot, HW Hunter Dodge Chrysler Jeep, Johnson Ford, Kmart, Lancaster Honda, Lancaster Mazda Isuzu Subaru Suzuki, Lowe’s, Petro Lock, Quinn Company, Ross, Sierra Toyota Mitsubishi, Signature Fundraising, Target, Toys “R” Us, Wal-Mart, Weston Builders Supply and Young’s RV Center. To view the Sales Tax Revenue Newsletter, visit www.cityoflancasterca.org. A representative of the city of Lancaster posted this story June 11 to the Antelope Valley hub on valleynews.com. last_img read more