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AgdaPkt 2011-05-11 Special
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AgdaPkt 2011-05-11 Special
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Last modified
9/23/2013 10:42:52 AM
Creation date
5/16/2011 12:18:55 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
5/11/2011
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Top 25 Sales Tax Generators <br /> A variety of firms contribute to sales tax revenue. Confidentiality of the businesses <br /> requires that they are identified alphabetically in non-confidential manner in increments <br /> of 25. The top 25 sales tax generators in Redwood City for the benchmark year ending <br /> in the fourth quarter of 2010 are (in alphabetical order): <br /> Basic Chemical Solutions <br /> BoardwalkAuto Center <br /> Boardwalk Chevrolet <br /> Carlsen Porsche <br /> Carlsen Subaru <br /> Chevron Service Stations <br /> Costco <br /> Ferrari Silicon Valley <br /> Granite Rock Company <br /> Honda Redwood City <br /> K Mart Stores <br /> Kohl's Department Stores <br /> Lyngso Garden Materials <br /> Oracle Corporation <br /> Orchard Supply Hardware <br /> Peninsula Infiniti <br /> Putnam Lexus <br /> Roberts& Brune Company <br /> Safeway Stores <br /> Shutterfly.com <br /> Target Stores <br /> Thompson Toyota <br /> Toter <br /> Towne Ford Sales <br /> To ys R Us <br /> It is interesting to note that from 3rd to 4th Quarter 2010, three changes occurred in the <br /> top 25 sales tax generators. One change was the addition of a new company in the top <br /> 25 (no previous sales tax information) and the other two were firms that have been <br /> consistently in the top 25 that are no longer ranked in that group. Staying abreast of <br /> these types of changes could have a significant impact in the City's revenues. In the <br /> case of one business, while they continue to grow, the format for the sale of their <br /> product may have changed. Market intelligence and outreach from City staff can guide <br /> important decisions such as point of sale allocation, etc. <br /> 2 <br />
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