www.hdlcompanies.com | 888.861.0220
Q4 2022*
Q4 2023*
Legend
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
SALES TAX BY MAJOR BUSINESS GROUP*Allocation aberrations have been adjusted to reflect sales activity Fuel and
Service
Stations
Building
and
Construction
Food
and
Drugs
Autos
and
Transportation
Business
and
Industry
Restaurants
and
Hotels
General
Consumer
Goods
CULVER CITY DISTRICT TAXES HIGHLIGHTS
Published by HdL Companies in Spring 2024
DISTRICT TAXES UPDATE
CULVER CITY MEASURES C AND CC
4Q 2023 (OCTOBER - DECEMBER)
DISTRICT TAX MAJOR BUSINESS GROUP
Culver City Measure CC’s receipts from October through
December were 8.2% below the fourth sales period in 2022.
Late/missing taxpayer payments estimated at $178,000
suppressed cash comparisons. Excluding reporting aberrations, actual sales were down 4.1%.
General consumer goods analysis revealed mixed results; lower payments from discount department and shoe merchants
overtook better figures from department stores, specialty retailers and women’s apparel.
Residents pulled back on new vehicle purchases as regional dealership sales plunged 18%; influencing components included reductions in prices, steering away from acquiring luxury brands and current financing rates. Areas with weaker sales included demand for building materials and plumbing/electrical supplies.
Food-drugs gain captured the openings of new grocer and large wine/spirits outlets over this past year. Service stations reported a modest increase as fuel prices held at relatively constant levels; more drivers accessed local businesses to fuel up.
Interestingly food-delivery/catering makes up a greater percentage of overall restaurants-hotels returns when compared to sales taxes; this segment rose 20% over year ago tallies as consumers demand for online meals and the hosting more events improved over the 2022 quarter.
Net of aberrations, taxable sales for all of Los Angeles County declined 2.6% over the comparable time period; the Southern California region was down 2.0%.
Revenue Comparison (A ctual Receipts to Adopted Budg et) YTD Actual Collections net Admin A dopted FY 23/24 YTD % Budget Sales Tax 12,345,546 25,531,467 48%
District Tax (C & CC) 8,352,429 17,321,000 48%
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
CC
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023 TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
-4.1%
4Q23
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
TOTAL: $ 1,352,302
-5.6% -1.7%
STATE
CULVER CITY MEASURE C
3Q2023
$3,044,460 $1,522,601
-4.1%
4Q23
REVENUE BY BUSINESS GROUP
Culver City Measure CC This Calendar Year*
5%
Food/Drug
5%
Fuel
18%
Restaurants
9%
Autos/Trans.
6%
Building
12%
Bus./Ind.
45%
Cons.Goods
*ADJUSTED FOR
ECONOMIC DATA
TOP NON-CONFIDENTIAL BUSINESS TYPES
Q4 '23*
Culver City Measure CC
Business Type
HdL State
Change Change
558.0 -1.3% -1.5%Discount Dept Stores
211.9 1.6% 1.8%Casual Dining
155.9 -9.4% -7.7%Electronics/Appliance Stores
155.4 7.3% 1.5%Department Stores
146.7 6.0% -4.9%Service Stations
141.5 -18.4% -7.7%New Motor Vehicle Dealers
135.4 6.0% -2.1%Specialty Stores
131.8 -0.7% -0.4%Family Apparel
117.8 -0.2% 13.0%General Merchandise
98.6 0.8% 0.4%Quick-Service Restaurants
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars CULVER CITY DISTRICT TAXES UPDATE4Q 2023
TOP 25 PRODUCERS
Amazon Fulfillment Services
Amazon MFA
Arco AM PM
Best Buy
Bestbuy Com
Costco
Culver City Toyota
Foot Locker
Howard Industries
JC Penney
Kia Downtown Los Angeles
Macy’s
Nordstrom Rack
Restoration Hardware
Ross
Sephora
Target
Tesla Motors
TJ Maxx
Total Wine & More
Trader Joe’s
Uber Eats
Victoria’s Secret
Vons
Wolfgang Puck Catering & Events