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Q1 2024*
Q1 2025*
Legend
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
SALES TAX BY MAJOR BUSINESS GROUP *Allocation aberrations have been adjusted to reflect sales activity Building
and
Construction
Business
and
Industry
County
and State
Pools
General
Consumer
Goods
Autos
and
Transportation
Restaurants
and
Hotels
Fuel and
Service
Stations
Food
and
Drugs
CITY OF CORONA HIGHLIGHTS TOP 25 PRODUCERS
Published by HdL Companies in Summer 2025
Agile Sourcing Partners
All American Asphalt
Amazon Com Services
Amazon MFA
American Electric
Supply
CardinaleWay Hyundai
Circle K
Corona Nissan
Costco
Culver Newlin
Downs Energy
Ganahl Lumber
Company
Guest Supply
Home Depot
Larry H Miller Toyota
Corona
Robertsons Ready Mix
Sams Club w/ Fuel
South Coast Fire
Equipment
Spreen Honda Corona
Stater Bros
Target
US Food Service
Vulcan Materials
Walmart Supercenter
West Coast Copper
Supply
SALES TAX UPDATE
CITY OF CORONA
1Q 2025 (JANUARY - MARCH)
From January through March, Corona’s
receipts were 1.2 percent lower than
during the same period in 2024. After
adjusting for reporting anomalies, actual
sales declined by 2.7 percent.
Business-industrial returns decreased
as a major local firm completed its
expansion project. Lower energy prices
reduced revenues from fuel and service
stations, while the sluggish housing
market negatively affected contractorrelated sales.
The most notable positive factor this
quarter was an increase in allocations
from the Riverside County use tax pool,
reflecting stronger business-industrial
activity within the region overall.
Measure X, the City’s one percent voterapproved district tax, outperformed the previously mentioned Bradley-Burns
returns, supported by continued growth
in online shopping.
Across Riverside County, taxable sales
excluding anomalies rose 0.8 percent
compared to the same period last
year. In contrast, the broader Southern
California region showed no growth.
TOTAL:
0.4%
$10,022,282
Measure X
TOTAL: $ 13,648,206
-2.7% 0.8% 0.3%
COUNTY STATE
CORONA
1Q2025
TOP NON-CONFIDENTIAL BUSINESS TYPES
Q1 '25*
Corona
Business Type Change Change Change
County HdL State
Contractors 2,081.8 -5.6% -2.7% 1.2%
Fulfillment Centers 1,065.4 -2.8% -2.4% 6.2%
Discount Dept Stores 904.9 -1.9% -1.8% -2.1%
New Motor Vehicle Dealers 743.2 0.9% 0.6% -0.6%
Building Materials 707.9 3.4% 8.6% 3.8%
Heavy Industrial 635.6 3.6% -8.3% 2.2%
Service Stations 576.6 -3.5% -4.8% -5.8%
Casual Dining 566.9 2.9% 3.0% 1.3%
Quick-Service Restaurants 460.1 -1.7% 0.6% -0.9%
Plumbing/Electrical Supplies 436.6 -0.7% 5.9% 1.7%
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars
REVENUE BY BUSINESS GROUP
Corona This Quarter*
3%
Food/Drug
7%
Fuel
15%
Pools
8%
Restaurants
10%
Autos/Trans.
24%
Building
21%
Bus./Ind.
12%
Cons.Goods
*ADJUSTED FOR
ECONOMIC DATA
1Q 2025 CITY OF CORONA SALES TAX UPDATE
STATEWIDE RESULTS
California’s local one-cent sales and use
tax receipts for January through March
2025 increased by 0.34% compared to the
same quarter in 2024, after adjusting for
accounting anomalies. While this modest
growth may signal the end of an eightquarter decline, it could be temporary, as the broader economy remains on the edge
between recovery and further slowdown.
The first quarter is traditionally the lowest
sales tax-generating period of the year,
often influenced by seasonal weather and
post-holiday consumer behavior.
Notably, the autos-transportation and
building-construction sectors—both of
which had been dragging down statewide
results over the past two years—showed
the strongest rebounds this quarter. In the
autos sector, used car sales and leasing
activity led the recovery. Consumers are
increasingly opting for more affordable
vehicles and shorter-term commitments,
moving away from high-end purchases. In
construction, pent-up demand for repairs
and improvements, especially in weatheraffected and wildfire-damaged areas like Southern California, drove strong sales for
building material suppliers.
Other segments generating modest growth
included business-industry and countywide
use tax pools, largely due to continued
strength in online sales. Sales of goods
already in California before purchase
are reported under business-industry
fulfillment centers. Goods shipped from
outside the state are reported under county
pools, based on the destination of the outof-state shipment. Online shopping remains a preferred option for value-conscious
consumers, contributing significantly to tax
receipts in these categories.
Calendar year 2024 saw a decline in fuelrelated tax receipts due to lower global crude oil prices—a trend that continued into 1Q
2025. Fuel-related returns dropped by 5%.
This decline also affected general consumer
goods, as large retailers that sell fuel typically
report all sales under a single taxpayer ID.
As a result, brick-and-mortar merchants
such as post-holiday family apparel stores,
winter sporting goods vendors and closures
of variety stores contributed to weaker
performance.
Although food-drugs is the smallest of the
eight tax groupings, it was significant that
cannabis returns continued a downturn
trend that has been ongoing for over two
years. Bankruptcies, customer shopping
alternatives and oversaturation of retail
footprint diminished taxes coming from drug
stores.
As 2025 begins, sales tax returns remain
modest, reflecting broader economic
volatility. Key factors influencing our outlook
include: ongoing national tariff and trade
negotiations and decisions on the federal
funds rate - which directly affect consumer
interest rates. Recent Middle East conflicts,
which temporarily spiked crude oil prices
and threatened local gas prices during the
summer, will be a short-term concern. In
summary, “uncertainty” remains the most
accurate descriptor of California’s current
and future economic climate.