Q4-Sales Tax Report

Montebello's receipts from October through December were 0.9% below the fourth sales period in 2015.

Excess global supplies of crude oil and stable production of refined consumer fuel pushed down gas prices dramatically impacting service stations revenue, consistent with the state and countywide trends. A business closure negatively impacted receipts for light in-dustrial and printers.

A misallocated payment in the comparison period was responsible for an overall decrease in general consumer goods, although a new store opening helped to boost results for women's apparel. A large accounting adjustment negatively impacted totals for building and construction.

The City experienced a strong sales quarter for new motor vehicle dealers while new dining options led to an increase in revenue for fast ca-sual restaurants.

The City's share of the countywide use tax pool decreased 0.1% over the comparison period.

Net of aberrations, taxable sales for all of Los Angeles County grew 1.2% over the comparable time period; the Southern California region was up 1.4%.

Download: Q4-2016-Sales Tax Report

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