Manteca new car sales are down 60 percent in a year-to-year comparison between July, September, and October of 2007 and the same three months of 2009.
Over the same time period the sales tax collected by Manteca overall dropped 9.5 percent from $7,552,747 in August, September, and October of 2007 to $6,832,900 for the same three months in 2009.
Six dealers sold enough cars in the third quarter of 2007 to generate $1,038,018 in sales tax. By the third quarter of 2009 Manteca had lost Manteca Dodge and Sexton Chevrolet while new car sales generated $414,535 in sales tax for city coffers.
Used car sales dropped by almost 50 percent in the same time period with the city’s share of sales tax going from $146,312 to $73,730.
City Manager Steve Pinkerton noted that Bass Pro Shops and Costco have prevented Manteca retail sales tax receipts form dropping farther.
While taxable sales in neighboring cities such as Stockton plunged 18.6 percent and in Tracy 9.8 percent during the third quarter of 2008 they shot up 7.6 percent in Manteca for the third quarter of 2009.
Manteca’s 7.6 percent increase of taxable sales contrasts with California as a whole that saw a 14.8 percent drop in the third quarter of 2009 compared to the same time period in 2008.
Manteca is also faring significantly better than the rest of the state and county when it comes to taxable sales in the first two quarters of the current fiscal year compared to the same time last fiscal year.
Manteca’s taxable transactions after six months came to $3,810,985 compared to $3,856,595 for the previous year. While that $45,610 decline in taxable sales is a 2.1 percent drop it was much better than the statewide drop of 17.8 percent. It also was much better than anywhere in San Joaquin County with the next best performing city – Tracy – coming in with a 17.6 percent drop.
Ripon taxable sales for the partial fiscal year comparison dropped 39.9 percent, Escalon 29.4 percent, Lathrop 29.1 percent, Lodi 21.3 percent, and Stockton 20 percent.
In full year comparisons using the third quarter as the final quarter Manteca dropped 2.2 percent. Again, the state was such worse dropping 15.7 percent. San Joaquin County saw Ripon drop 38.7 percent, Escalon 30.9 percent, Tracy 19.2 percent, Lodi 20.2 percent, Stockton 16.6 percent, and Lathrop 16.2 percent.
Sales taxes are critical for cities as they represent one of the top two sources of revenue to operate the general fund. Property tax is the other.
Over the same time period the sales tax collected by Manteca overall dropped 9.5 percent from $7,552,747 in August, September, and October of 2007 to $6,832,900 for the same three months in 2009.
Six dealers sold enough cars in the third quarter of 2007 to generate $1,038,018 in sales tax. By the third quarter of 2009 Manteca had lost Manteca Dodge and Sexton Chevrolet while new car sales generated $414,535 in sales tax for city coffers.
Used car sales dropped by almost 50 percent in the same time period with the city’s share of sales tax going from $146,312 to $73,730.
City Manager Steve Pinkerton noted that Bass Pro Shops and Costco have prevented Manteca retail sales tax receipts form dropping farther.
While taxable sales in neighboring cities such as Stockton plunged 18.6 percent and in Tracy 9.8 percent during the third quarter of 2008 they shot up 7.6 percent in Manteca for the third quarter of 2009.
Manteca’s 7.6 percent increase of taxable sales contrasts with California as a whole that saw a 14.8 percent drop in the third quarter of 2009 compared to the same time period in 2008.
Manteca is also faring significantly better than the rest of the state and county when it comes to taxable sales in the first two quarters of the current fiscal year compared to the same time last fiscal year.
Manteca’s taxable transactions after six months came to $3,810,985 compared to $3,856,595 for the previous year. While that $45,610 decline in taxable sales is a 2.1 percent drop it was much better than the statewide drop of 17.8 percent. It also was much better than anywhere in San Joaquin County with the next best performing city – Tracy – coming in with a 17.6 percent drop.
Ripon taxable sales for the partial fiscal year comparison dropped 39.9 percent, Escalon 29.4 percent, Lathrop 29.1 percent, Lodi 21.3 percent, and Stockton 20 percent.
In full year comparisons using the third quarter as the final quarter Manteca dropped 2.2 percent. Again, the state was such worse dropping 15.7 percent. San Joaquin County saw Ripon drop 38.7 percent, Escalon 30.9 percent, Tracy 19.2 percent, Lodi 20.2 percent, Stockton 16.6 percent, and Lathrop 16.2 percent.
Sales taxes are critical for cities as they represent one of the top two sources of revenue to operate the general fund. Property tax is the other.
