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Sales Tax Rises Modestly in Alameda for Most Recently Reported Quarter

Sales tax revenue rose 3.5% in Alameda for the quarter ended June 30, 2010, which is the most recent quarter for which data is available, as reported to Alameda City Council earlier this week.

According to the staff report, taxable sales transactions in Alameda rose by $46,609 over the same quarter from the prior fiscal year, totaling $1.3 million. The figure includes both retail sales tax and business to business sales tax. The top 25 business in Alameda represent 52% or $712,138 of the quarter’s sales transactions. The top 25 sales tax producers include ten retailers located at Alameda Towne Centre, such as Safeway, Old Navy, TJ Maxx and Trader Joes, as well as Nob Hill Food and Fuel at the Bridgeside Shopping Center, and Svendsens Boat Works.

The Park Street, South of Lincoln District, where the historic Alameda Theater and Cineplex complex is located, saw a 1.0% year-over-year rise in same-quarter retail sales tax, generating a total of $152,615 sales tax for the City; the North of Lincoln section of Park Street, which has been hit in recent years by the loss of automobile dealers, saw a 7.8% rise, for a total of $125,933 in retail sales tax.

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