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Cerritos posts modest Q2 2025 sales-tax gain; auto dealers remain the largest revenue source
Summary
Cerritos reported a 1.5% rise in sales tax receipts for April—June 2025 versus the same quarter in 2024; after adjusting for one-time items, HDL Companies recorded 0.4% actual growth. Autos and transportation, general consumer goods and business/industry make up roughly 70% of the city's sales-tax base.
At the Nov. 12 meeting, city staff presented HDL Companies' second-quarter 2025 sales tax update showing a modest gain for Cerritos and highlighting revenue concentration in auto sales.
Miss Miranda summarized HDL's findings: Cerritos experienced a 1.5% increase in sales tax for April—June 2025 compared with Q2 2024; after accounting for one-time reporting factors net sales rose 0.4%. In…
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