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HDL shows Benicia’s tax revenue dipped 2.4% in latest calendar-year comparison
Summary
HDL's quarterly analysis showed Benicia's overall sales/transaction tax revenues were down about 2.4% (roughly $164,000) year-over-year, with composition shifts driven by pool allocations and sector performance.
Consultant Ken Nordoff presented Benicia-specific revenue trend data showing a modest decline in overall receipts for the most recent calendar-year comparison.
“Revenues overall were down 2.4%, about a $164,000,” Nordoff reported while reviewing calendar-year comparisons across business groups. He emphasized that shifts in where purchases are fulfilled and the opening of in-state fulfillment centers elsewhere can change which jurisdictions record taxable point-of-sale activity.
Nordoff broke the data into industry groups — autos, restaurants, business-to-business, and pools — and explained Benicia’s relatively large business-to-business share and how that composition affects per-capita performance compared with neighboring cities. The presentation included per-capita comparisons and a discussion of leakage vs. surplus in retail categories as a tool for economic development planning.
