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Q1 2023*
Q1 2024*
Legend
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
SALES TAX BY MAJOR BUSINESS GROUP*Allocation aberrations have been adjusted to reflect sales activity Fuel and
Service
Stations
Food
and
Drugs
Building
and
Construction
Autos
and
Transportation
Business
and
Industry
Restaurants
and
Hotels
General
Consumer
Goods
CULVER CITY DISTRICT TAXES HIGHLIGHTS
Published by HdL Companies in Summer 2024
SALES TAX UPDATE
CULVER CITY MEASURES CC AND C
1Q 2024 (JANUARY - MARCH)
Culver City’s voter-approved district taxes, Measures CC (.5%) and C (.25%), receipts from January through March were essentially even compared to the first sales period in 2023. However, after adjusting for reporting modifications such as audit corrections and delayed payments, actual sales were down 1.6% and 1.7%, respectively (slight variance
due to taxpayer inconsistencies). Most tax groups declined compared to a year ago.
On the positive, as the district taxes’ largest sales tax category, general consumer goods experienced a nearly 3% increase with stability in discount department store revenues and gains in family apparel, department stores and home furnishings sales (assisted by a new business) – as consumers enjoyed the experience of in-store and online shopping.
Grocery store sales increased (assisted by a new grocer), and a new business in the convenience stores-liquor sector bolstered overall food-drug receipts.
Conversely, restaurants-hotels experienced a slight decline, driven by the loss of several casual dining eateries. Residents pulled back on vehicle purchases for the fourth consecutive quarter as interest rates remained high, resulting in a 21% drop in new car sales.
Business-industry related results declined almost 14%, mostly due to comparison to one-time revenues a year ago. Lower contractor activity and building materials sales resulted in a contraction in building-construction.
Net of adjustments, taxable sales for all of Los Angeles County declined 0.8% over the comparable time period; the Southern California region was flat.
YTD Actuals (net Admin. Fee) Adopted FY23-24 YTD % Budget Sales Tax 18,338,439 25,531,467 72% District Taxes (CC&C) 12,355,705 17,321,000 71% Revenue Comparison (Actual Receipts to FY23-24 Adopted Budget) TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024
TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024
TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024
TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024-1.7 %
TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q20241,292,204
TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024TOTAL: $ 2,586,563
-1.6% -0.2%
STATE
CULVER CITY MEASURE CC
1Q2024CULVER CITY MEASURE CC CULVER CITY MEASURE C
REVENUE BY BUSINESS GROUP
Culver City Measure CC This Quarter*
6%
Food/Drug
5%
Fuel
19%
Restaurants
9%
Autos/Trans.
6%
Building
12%
Bus./Ind.
44%
Cons.Goods
*ADJUSTED FOR
ECONOMIC DATA
TOP NON-CONFIDENTIAL BUSINESS TYPES
Q1 '24*
Culver City Measure CC
Business Type
HdL State
Change Change
395.9 0.2% 1.6%Discount Dept Stores
208.4 -6.8% 2.4%Casual Dining
129.9 -19.5% -10.4%New Motor Vehicle Dealers
121.3 -2.7% -0.9%Service Stations
118.6 -3.0% -6.6%Electronics/Appliance Stores
102.9 0.7% -2.3%Specialty Stores
102.7 4.0% -4.2%General Merchandise
102.7 21.3% 7.7%Family Apparel
94.9 3.0% 2.7%Quick-Service Restaurants
90.9 15.8% 9.9%Department Stores
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars 7- Eleven
Amazon Fulfillment Services
Amazon MFA
Best Buy
Best Buy Com
Costco
Culver City Toyota
Culver19
Foot Locker
Howard Industries
In N Out Burger
JC Penney
Macy’s
Nordstrom Rack
Restoration Hardware
Ross
Sephora
Target
Tesla Motors
TJ Maxx
Total Wine & More
Trader Joe’s
Uber Eats
Vons
Wolfgang Puck Catering & Events
SALES TAX UPDATECULVER CITY MEASURE CC1Q 2024
TOP 25 SALES TAX PRODUCERS