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Controller: downtown business remittances still below pre-pandemic levels; recovery uneven across ZIP codes
Summary
The committee heard a controller analysis showing downtown ZIP codes remain about 20% below pre-pandemic counts of businesses remitting sales tax, with uneven recovery across ZIP codes; the city's economic development office described activation and workforce strategies to boost downtown foot traffic.
The Government Audit and Oversight Committee heard a controller's office briefing on Nov. 2 showing downtown business activity remains below pre-pandemic levels and that the recovery has been uneven across ZIP codes.
Ted Egan, chief economist in the controller's office, presented sales-tax-remittance data for downtown (ZIP codes 94102, 94103, 94104, 94105, 94108 and 94111). He said downtown had roughly 4,000 businesses remitting sales tax before the pandemic and…
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