Cities Index.
Attachment 6 - 3Q 2024 Quarterly Sales Tax Report

Emeryville City Council
March 4, 2025

Document
Attachment 6 - 3Q 2024 Quarterly Sales Tax Report
Meeting
March 4, 2025
Body
Emeryville City Council
Original file
329 KB
Text extracted from the city's file for reading and search. Open the original on emeryville.legistar1.com. That file is the official record.

Top 25 Sales Tax Remitters California sales tax cash receipts decreased by 4.2% from the same quarter last year. In this jurisdiction sales tax cash AIRPORT HOME APPLIANCE receipts decreased by 1.1% from the same quarter last year APPLE STORES due to a decrease of $2,450,000 in Taxable Sales.

ASHLEY FURNITURE HOMESTORE
BEVERAGES & MORE Cash Receipts Quarter Annual
CHEVRON SERVICE STATIONS Emeryville -1.1% -7.5%
FARE RESOURCES Alameda Countywide Pool -7.4% -3.9%
FOGO DE CHAO Alameda Countywide -12.5% -13.6%
GRANITE EXPO S.F. Bay Area Region -7.4% -5.5%
GUITAR CENTER Statewide -4.2% -2.0%

HOME DEPOT
HONG KONG EAST OCEAN SEAFOOD RESTAURANT Annualized Percent Change in Sales Tax Cash Receipts

IKEA HOME FURNISHINGS

LUMIBUILD

MARSHALL'S STORES

NORDSTROM RACK
OLD NAVY CLOTHING CO.

PAULA LE DUC CATERING

ROSS STORES

SAFEWAY STORES

SEPHORA

SHELL SERVICE STATIONS

TRADER JOE'S

TRADER VIC'S
UNION 76 SERVICE STATIONS
UNIQLO
Business Activity Quarter Annual Quarter Annual
General Retail -4.2% -11.1% -1.5% -0.5%
Food Products 8.7% 6.8% 0.5% 0.1%
Transportation -8.9% -5.9% -9.1% -7.4%
Construction -6.4% -6.9% -2.3% -2.2%
Business To Business -45.5% -43.3% -2.0% -2.6%
TOTAL LOCAL BUSINESS ACTIVITY -7.1% -9.5% -3.1% -2.5%
COUNTYWIDE POOL ACTIVITY 4.7% 3.2% -13.2% -5.6%
City of Emeryville
Emeryville California
Quarterly Report on Sales Tax and Business Activity
3rd Quarter 2024 in Review
-18.0%
-12.0%
-6.0%

0.0%

6.0%

12.0%

18.0%

24.0%

30.0%

36.0%
Emeryville Alameda Countywide Statewide
Emeryville
Annual Per Capita Sales Tax
Adjusted for Inflation
(Constant 2020 $)
City of Emeryville
News
• Economic Activity: Real Gross Domestic Product (GDP) increased at an annual rate of 2.8% in the third quarter of 2024. U.S. inflation ticked up to 2.6% in October of 2024, down 6.5 percentage points from its most recent peak of 9.1% in June 2022. California's headline inflation decreased to 2.7% year over year as of August 2024, down from 3.5% in December of 2023. (DIR, BEA, BLS, November Finance Bulletin) • Employment: The U.S. unemployment rate decreased slightly to 4.1% in October of 2024. California's unemployment rate increased slightly to 5.4% in October of 2024, 0.4 percentage point higher than September of 2023 rate of 5.0%. (EDD, BLS, November Finance Bulletin) • Personal Income: U.S. personal income increased by 5.2% for the third quarter of 2024, compared to the same quarter previous year. Compensation of employees increased by 5.5%, while personal current taxes increased by 6.7% from the previous period, resulting in a net gain of 5.0% in disposable income. The increase in personal income has reduced the percent decrease in personal savings quarter over quarter for the third quarter of 2024 to 0.9%, as opposed to 29.9% decrease in the second quarter of 2024. (BEA) 2020Q3 $623 2021Q3 $651 2022Q3 $682 2023Q3 $612 2024Q3 $526 $132 $136 $130 $111 $106
$6 $2 $2
$1 $3
$66 $68 $85
$50 $26
$105 $118 $118
$108
$93
$21 $22 $23
$20
$18
$81 $74
$87
$91
$90
$212 $232
$236
$230
General Retail $189
Food Products
Transportation
Construction
Business To Business
Miscellaneous
County Pool
(Cash Basis)

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