In the three-month period ending Dec. 31, Murrieta’s gross sales tax receipts reached $2.8 million, up 26.7 percent from the same period a year earlier, according to HdL & Associates, a Diamond Bar firm that tracks municipal sales tax receipts.
The city benefited from across-the-board increases from most retail sectors.
“New business starts boosted positive revenues in discount department store, service stations, contractors, home furnishings and office supplies/furniture,” HdL reported.
“Sales activity grew in numerous other categories, including lumber/building materials, radio/appliance stores, specialty stores and plumbing/electrical supplies,” HdL added.
Once again, Murrieta outstripped the county, region and the rest of the state. Sales tax receipts in Riverside County rose 16.9 percent, Southern California gained 12.3 percent and the state posted an 11.3 percent jump. The fourth quarter results were in line with earlier projections and put Murrieta on track to meet estimates for the rest of the fiscal year that ends June 30.
Over the past five years, Murrieta’s taxable sales have nearly tripled as the city benefited from retail expansion and housing and commercial construction that is fueling demand for supplies and materials used to build, remodel, enhance and landscape.
The 2004 total was $982.2 million, up from $354.3 million in 2000.
Sales tax revenue is the lifeblood of a city because one cent on the dollar returns to the community to help pay for such things as parks and public services such as police.