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2025_01_27 ATT1 - Measures CC & C Status Report Q4 FY24.pdf

City Council Meeting Agenda
January 27, 2025

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2025_01_27 ATT1 - Measures CC & C Status Report Q4 FY24.pdf
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January 27, 2025
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City Council Meeting Agenda
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Text extracted from the city's file for reading and search. Open the original on culver-city.legistar1.com. That file is the official record.

www.hdlcompanies.com | 888.861.0220
Q2 2023*
Q2 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
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 Fall 2024

DISTRICT TAXES UPDATE

CULVER CITY MEASURE CC AND C
2Q 2024 (APRIL - JUNE)

DISTRICT TAX BY MAJOR BUSINESS GROUP
Tax receipts from Culver City’s voter-approved district taxes, Measure CC (0.50%) and Measure C (0.25%), decreased by 0.6% from April to June compared to the same period in 2023. However, after accounting for payment irregularities—most notably an influx of tax revenue from a motion picture and equipment company in the comparison year tied to earlier sales activity—the adjusted figures show a 1.2% increase in actual sales.

This growth slightly surpassed the City’s Bradley-Burns sales tax performance, largely due to the broader tax base of the district taxes, which were less impacted by the decline in new car sales. The increase was further supported by several new business openings over the past year, including restaurants, a family apparel store, and a convenience or liquor store.

The largest sales tax category, general consumer goods, continued to benefit from strong online shopping activity. Discount retailers also performed well, as consumers prioritized convenience and savings, though other retail sectors like department stores, specialty shops, shoe stores, and women’s apparel experienced declines as financial pressures led to reduced spending.

In comparison, taxable sales across Los Angeles County and the broader Southern California region both fell by 0.5%, excluding anomalies.

Revenue Comparison (Actual to Adopted Budget)
YTD Actual Collections net Admin Adopted FY 23/24 YTD % Budget Sales Tax 24,209,449 24,351,000 99.4%
District Tax 16,422,532 16,595,000 99.0%
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024

CULVER CITY MEASURE CC
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024

CULVER CITY MEASURE C
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024
TOTAL: $1,358,235
TOTAL: $ 2,717,398

1.2% -0.6%
STATE

CULVER CITY MEASURE CC
2Q2024
TOTAL: $2,717,398

TOP NON-CONFIDENTIAL BUSINESS TYPES
Q2 '24*
Culver City Measure CC
Business Type
HdL State
Change Change
412.6 3.8% 2.8%Discount Dept Stores
221.0 4.2% 0.7%Casual Dining
139.0 5.0% 2.3%Service Stations
126.7 -15.5% -7.7%New Motor Vehicle Dealers
111.6 -1.9% -10.2%Electronics/Appliance Stores
110.8 -3.7% -5.1%Department Stores
109.7 -3.5% -4.7%Specialty Stores
104.9 5.4% -10.5%General Merchandise
101.0 8.2% 0.9%Family Apparel
100.0 0.5% 1.2%Quick-Service Restaurants
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars

REVENUE BY BUSINESS GROUP
Culver City Measure CC This Fiscal Year*
6%
Food/Drug
5%
Fuel
18%
Restaurants
8%
Autos/Trans.
6%
Building
11%
Bus./Ind.
46%
Cons.Goods
*ADJUSTED FOR

ECONOMIC DATA
DISTRICT TAXES UPDATECULVER CITY2Q 2024
TOP 25 SALES TAX PRODUCERS
7-Eleven
Amazon Fulfillment Services
Amazon MFA
Best Buy
Bestbuy Com
Conserv Fuel
Costco
Culver City Toyota
Culver19
Howard Industries
In N Out Burger
JC Penney
Macy’s
Nordstrom Rack
Ralphs
Ross
Sephora
Target
Tesla Motors
TJ Maxx
Total Wine & More
Trader Joe’s
Uber Eats
Vons
Wolfgang Puck Catering & Events

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