Sales Tax Update
2nd Quarter 2023
(April-June 2023 vs April-June 2022 Results)
City of Corona
Bradley-Burns Regional Report
2Q23 Adjusted* Sales Tax Growth
Region
2Q23 vs 2Q22 %
Change
Corona +10.3%
Riverside County -2.9%
Southern California -2.9%
California -2.9%
*Adjusted indicates that where there are aberrations associated with payment timing, the payment is presented in the quarter in which the sales transaction occurred, not when the cash was received, to better reflect underlying economic activity and results.
Corona Major Industry Group Performance
2Q23 Change in Adjusted Sales Tax by Category (vs 2Q22) +$1.5M / +10.3% Overall
CORONA MAJOR INDUSTRY GROUPS (5 Largest)
CORONA MAJOR INDUSTRY GROUPS (Remaining 3)
Regional Comparison
Per Capita Adjusted Sales Tax Graph
City Comparison 1
Per Capita Adjusted Sales Tax Graph
City Comparison 2
Per Capita Adjusted Sales Tax Graph
Corona Long-Term Sales Tax Trend
Adjusted Point-of-Sale Receipts: 13-quarter trend: +39.7% FPO
Corona Measure X (Adjusted results)
Last Four-Quarters: $44.8M
(75.6% of Bradley-Burns Tax Receipts)
FPO