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City Manager Carmany reports La Puente's 4th Quater 2017 sales tax receipts up slightly

Post Date:06/15/2018 3:39 PM

 

FOR IMMEDIATE RELEASE: CONTACT:

May 25, 2018

David Carmany, City Manager

(626) 855-1500

dcarmany@lapuente.org

La Puente’s Sales Tax Update for Fourth Quarter 2017

City Manager David Carmany announced today that the City’s sales tax receipts for the period of October through December 2017, were up 2.9%. During the fourth quarter period for 2017, receipts for all of Los Angeles County and the Southern California region were up 2.7 %.

The growth is still solid and does not yet point to a slowdown. The City experienced solid results from multiple local eateries as interest in dining out continues to grow, especially at quick-service restaurants. Strong sales of used cars helped boost auto-transportation returns.

Steady price increases at the pump, mostly due to the global cost of crude and the implementation of SB-1, statewide legislation that increased excise tax on fuel, pushed service stations higher.

The City’s top 25 sales tax producers for fourth quarter 2017 are listed below:

99 Cents Only G & M Oil Ross

Amar Shell Harbor Freight Tools Smart & Final

Amar Valero In N Out Burger T-Mobile

Atlantis Auto Sales KIS Computer Center United Oil

Big Lots Little Caesars USA Gasoline

CVS Pharmacy McDonalds Walmart Neighborhood Market

Ed Butt’s Ford Merritt’s Hardware Center WSS

El Super Northgate Market

Food 4 Less Pizza Hut

For questions or to learn more about La Puente contact City Hall at (626) 855-1500.

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