HomeMy WebLinkAboutStaff Report 2302-10091
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City Council
Staff Report
From: City Manager
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: April 3, 2023
Report #:2302-1009
TITLE
Sales Tax Digest Summary Calendar 2022 Q3 (July 2022 – September 2022)
RECOMMENDATION
This report transmits the third quarter (July to September) of 2022 sales tax digest for the City
of Palo Alto (Attachment A).
The City’s sales tax cash receipts of $8.7 million for the third quarter (July to September 2022) is
$1.9 million (28.3%) higher than the same quarter of the prior year (see Attachment A,
Historical Analysis by Calendar Quarter). This increase includes late payment anomalies related
to the state sales tax extension program and other cash adjustments. When adjusted for non-
period related payments, the overall economic quarter over quarter sales tax activity (Q3 2021
to Q3 2022) in Palo Alto increased by 10.3%. due to higher prices of goods and services as a
result of inflation and increased economic activity.
For the year ending in the third quarter of 2022, cash receipts (including county pools) for the
City increased by 17.9% from the prior year. In comparison, statewide increased by 13.6% and
Northern California increased by 11.9%.
After adjustments for non-period related payments, the overall economic sales tax activity
(local business excluding pools) in Palo Alto for the year increased by 18.0%, while it increased
9.9 % for the state and decreased 1.4% in Northern California.
The third quarter includes $1.7 million of sales tax receipts from the county pool. The City’s
share of the county pool for this quarter is 5.9%, up from 5% in the third quarter of 2021.
County pools are primarily from online purchases from out-of-state companies, remote sellers
who ship merchandise to California/County destinations, and private vehicle sales that are not
directly allocated to a jurisdiction. County pools are allocated to local jurisdictions based on
each jurisdiction’s share of total sales taxes.
ATTACHMENTS
Attachment A: City of Palo Alto Sales Tax Digest Summary
APPROVED BY:
Kiely Nose, Assistant City Manager
City of Palo Alto
Sales Tax Digest Summary
Collections through December 2022
Sales July through September 2022 (2022Q3)
www.avenuinsights.com (800) 800-8181 Page 1
California Overview
For the year ending in third quarter of 2022, cash receipts increased 13.6% statewide, 11.9% in Northern
California. However, when adjusted for non-period related payments, the overall economic sales tax
activity for the year ending in third quarter of 2022 increased by 9.9% statewide, and down 1.4% in
Northern California.
City of Palo Alto
For the year ending in the third quarter of 2022, sales tax cash receipts for the city increased by 17.9%
from the prior year. However, when adjusted for non-period related payments, the overall economic sales
tax activity in Palo Alto for the year ending in third quarter of 2022 increased by 18.0%.
On a quarterly basis, sales tax cash receipts increased by 28.3% from Quarter 3 of 2021 to Quarter 3 of
2022. However, this increase includes late payment anomalies related to a state sales tax extension
program. The period’s cash receipts include tax from business activity during the period, payments for
prior periods and other cash adjustments. When adjusted for non-period related payments, the overall
economic quarter over quarter sales tax activity (Q3 2021 to Q3 2022) in Palo Alto increased by 10.3%.
A large, one-time audit decision of -$612,000 negatively impacted the city’s cash receipts this quarter.
Without the correction, sales tax cash receipts would have increased by approximately 12.4% from
Quarter 2 of 2021 to Quarter 2 of 2022. Approximately 3.8% of that adjusted 12.4% Q2 of 2022 over Q2
of 2021 increase might be attributed to inflation, based on increases in the Consumer Price Index, (CPI-
U). Very little of Palo Alto’s adjusted 12.4% increase might be attributed to increased economic activity,
based on changes in US Real GDP. Roughly 1.7% is attributable to a decrease in payments from prior
periods, due to Palo Alto taxpayers getting caught up with payments. The remaining roughly 6.9% is a
combination of recovery and other factors (consumers, businesses and organizations getting back to Pre-
Pandemic trends along with non-pandemic related business performance changes). Note that some of
these factors are based on broad based data and thus, these growth factors should be treated as rough
guidelines for economic activity changes this quarter.
Regional Overview
The first chart on page two shows adjusted economic benchmark year amounts, which means that it
shows a full calendar year from the third quarter of 2021 through third quarter of 2022 compared to third
quarter of 2020 through third quarter of 2021 (benchmark years are rolling annual comparisons through
the current quarter). The decrease is different between the state and Palo Alto because the sales tax from
businesses in Palo Alto were more impacted than those statewide.
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 2
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
Quarterly Benchmark Year
% of Total / % Change Palo Alto California
Statewide S.F. Bay Area Sacramento
Valley Central Valley South Coast Inland Empire North Coast
General Retail 27.7 / 23.5 28.2 / 8.1 26.5 / -11.1 27.8 / 9.7 36.3 / 5.6 26.2 / 12.7 32.6 / 33.3 25.6 / -27.3
Food Products 16.6 / 41.5 20.1 / 16.2 20.7 / 2.1 15.8 / 14.5 14.2 / 8.7 22.2 / 22.4 17.4 / 23.8 17.4 / -8.7
Transportation 20.4 / 1.1 24.4 / 11.7 19.6 / -16.5 27.7 / 9.0 23.3 / 10.3 25.4 / 19.4 26.0 / 33.5 30.3 / -7.3
Business to Business 31.4 / 22.9 16.2 / 7.4 21.5 / -9.4 14.2 / 12.7 14.9 / 11.2 16.2 / 13.1 10.6 / 26.0 11.1 / -0.4
Misc/Other 3.9 / -19.0 11.1 / 4.1 11.8 / -13.1 14.5 / 10.3 11.3 / 3.5 10.0 / 8.4 13.4 / 20.8 15.6 / -16.6
Total 100.0 / 18.0 100.0 / 9.9 100.0 / -9.7 100.0 / 10.8 100.0 / 7.7 100.0 / 16.0 100.0 / 29.0 100.0 / -14.4
Palo Alto California
Statewide S.F. Bay Area Sacramento
Valley Central Valley South Coast Inland Empire North Coast
Largest Segment Leasing Restaurants Restaurants Auto Sales -
New
Miscellaneous
Retail Restaurants Miscellaneous
Retail Service Stations
% of Total / % Change 20.5 / 24.4 14.1 / 23.2 14.9 / 12.7 11.3 / 2.2 13.2 / 18.9 16.0 / 29.4 15.7 / 59.7 11.9 / 19.2
2nd Largest Segment Auto Sales -
New
Auto Sales -
New
Miscellaneous
Retail Restaurants Department
Stores
Auto Sales -
New
Auto Sales -
New Restaurants
% of Total / % Change 16.1 / -5.7 11.4 / 4.1 9.8 / -11.7 10.7 / 19.3 11.0 / 4.2 12.8 / 14.6 11.0 / 20.3 11.0 / -5.3
3rd Largest Segment Restaurants Miscellaneous
Retail
Auto Sales -
New
Miscellaneous
Retail Restaurants Department
Stores Restaurants Auto Sales -
New
% of Total / % Change 14.6 / 45.4 9.5 / 17.0 9.3 / -26.7 10.4 / 21.8 9.3 / 10.2 8.1 / 13.2 10.6 / 28.1 10.9 / -23.7
BENCHMARK YEAR 2022Q3 COMPARED TO BENCHMARK YEAR 2021Q3
CITY OF PALO ALTO
ECONOMIC CATEGORY ANALYSIS FOR YEAR ENDED 3rd Quarter 2022
ECONOMIC SEGMENT ANALYSIS FOR YEAR ENDED 3rd Quarter 2022
Regional Overview Chart (Economic)
Gross Historical Sales Tax Cash Receipts by Benchmark Year and Quarter (Before Adjustments)
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 3
Anderson Honda Magnussen's Toyota of Palo Alto Tesla
Apple Stores Neiman Marcus Tesla Lease Trust
Arco AM/PM Mini Marts Nordstrom Department Store Tiffany & Company
Audi Palo Alto Richemont Union 76 Service Stations
Bloomingdale's Rivian Automotive Valero Service Stations
Hermes Shell Service Stations Varian Medical Systems
HP Enterprise Services Shreve & Co.Volvo Cars Palo Alto
Louis Vuitton Stanford Health Care Wilkes Bashford
Macy's Department Store
Leasing
20.6%
Auto Sales -New
16.1%
Restaurants
14.7%
Apparel Stores
6.8%Department Stores
6.4%
Office Equipment
6.0%
All Other
29.4%
Net Pools & Adjustments
21.4%
Net Cash Receipts for Benchmark Year third Quarter 2022: $33,450,131
*Benchmark year (BMY) is the sum of the current and 3 previous quarters (2022Q3 BMY is sum of 2022 Q3, 2022 Q2, 2022 Q1, 2021 Q4)
TOP 25 SALES/USE TAX CONTRIBUTORS
The following list identifies Palo Alto’s Top 25 Sales/Use Tax contributors. The list is in alphabetical order
and represents the year ended third quarter of 2022. The Top 25 Sales/Use Tax contributors generate
60.6% of Palo Alto’s total sales and use tax revenue.
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 4
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
Benchmark Year 2022Q3 Benchmark Year 2021Q3
Sales Tax from Largest Non-Confidential Sales Tax Segments (Economic)
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 5
Economic Category % 2022Q3 2022Q2 2022Q1 2021Q4 2021Q3 2021Q2 2021Q1 2020Q4 2020Q3 2020Q2 2020Q1
Business To Business 25.3%2,194,817 2,095,020 2,031,199 2,136,501 1,689,561 1,559,814 1,700,725 1,937,072 1,909,078 1,851,601 2,000,210
Miscellaneous/Other 18.4%1,597,816 1,724,861 1,701,538 1,687,189 1,812,731 1,743,358 1,558,859 1,777,635 1,480,228 997,005 1,227,541
General Retail 20.7%1,802,777 1,920,316 1,639,417 2,282,253 1,687,461 1,740,666 1,153,240 1,608,823 1,143,497 660,300 1,450,820
Food Products 14.2%1,230,824 1,227,240 1,018,577 1,083,309 999,729 912,939 635,705 674,469 651,271 439,540 990,266
Subtotal Economic (Local Business)78.6%6,826,234 6,967,438 6,390,731 7,189,252 6,189,482 5,956,778 5,048,529 5,997,999 5,184,075 3,948,447 5,668,837
Net Pools & Adjustments 21.4%1,862,181 686,044 1,721,924 1,806,328 584,508 1,513,663 1,741,273 1,343,184 1,339,250 1,877,921 -2,287
Total Cash Receipts 100.0%8,688,414 7,653,481 8,112,655 8,995,580 6,773,990 7,470,441 6,789,802 7,341,183 6,523,324 5,826,368 5,666,550
Economic Segment % 2022Q3 2022Q2 2022Q1 2021Q4 2021Q3 2021Q2 2021Q1 2020Q4 2020Q3 2020Q2 2020Q1
Miscellaneous/Other 47.0%4,087,158 4,008,008 3,949,786 3,969,954 3,752,178 3,570,610 3,406,995 3,982,753 3,567,251 3,181,367 3,551,274
Restaurants 12.7%1,102,248 1,093,944 902,707 947,771 884,911 799,544 540,244 557,662 546,924 342,533 867,027
Miscellaneous Retail 4.4%381,616 479,710 432,956 679,381 412,016 514,516 338,032 489,417 329,678 108,953 280,493
Apparel Stores 5.0%435,730 495,508 392,724 540,782 406,274 398,447 264,318 365,627 265,136 72,307 305,737
Department Stores 4.9%423,601 454,349 367,144 525,295 388,703 384,763 237,522 315,453 186,316 29,842 245,948
Service Stations 2.7%233,387 250,715 191,755 190,610 181,460 157,268 116,258 111,242 108,840 70,063 146,291
Food Markets 1.1%99,811 104,253 91,634 108,203 90,773 89,773 74,397 89,739 81,580 77,803 102,026
Business Services 0.7%62,683 80,950 62,025 227,256 73,169 41,858 70,763 86,107 98,350 65,579 170,042
Subtotal Economic (Local Business)78.6%6,826,234 6,967,438 6,390,731 7,189,252 6,189,482 5,956,778 5,048,529 5,997,999 5,184,075 3,948,447 5,668,837
Net Pools & Adjustments 21.4%1,862,181 686,044 1,721,924 1,806,328 584,508 1,513,663 1,741,273 1,343,184 1,339,250 1,877,921 -2,287
Total Cash Receipts 100.0%8,688,414 7,653,481 8,112,655 8,995,580 6,773,990 7,470,441 6,789,802 7,341,183 6,523,324 5,826,368 5,666,550
Historical Analysis by Calendar Quarter
The chart above shows the categories and segments in quarterly economic basis amounts. The total amount is the net cash recei pts, and it was obtained by adding
up the categories/segments with the “Net Pools & Adjustments” amount.
City of Palo Alto
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Economic Category % 2022Q3 2021Q3 2020Q3 2019Q3 2018Q3 2017Q3 2016Q3 2015Q3 2014Q3 2013Q3
Business To Business 25.8%8,645,684 7,034,140 8,246,139 8,068,576 6,118,695 5,532,072 5,274,809 4,252,574 4,537,394 4,206,253
Miscellaneous/Other 20.0%6,701,529 6,892,583 5,542,287 8,214,200 7,120,534 6,065,260 6,214,339 5,733,704 5,340,922 9,283,251
General Retail 22.9%7,644,764 6,190,190 5,167,346 7,811,723 8,448,668 8,267,871 8,066,588 8,052,871 8,085,021 7,813,954
Food Products 13.6%4,559,950 3,222,843 3,373,098 4,906,402 4,798,972 4,628,795 4,622,737 4,411,228 4,126,302 3,731,703
Subtotal Economic (Local Business)82.4%27,551,926 23,339,756 22,328,869 29,000,900 26,486,869 24,493,998 24,178,472 22,450,377 22,089,640 25,035,161
Net Pools & Adjustments 17.6%5,898,205 5,035,660 5,529,280 5,926,100 5,483,467 5,053,065 4,110,537 4,197,233 3,612,493 3,626,104
Total 100.0%33,450,131 28,375,417 27,858,150 34,927,001 31,970,337 29,547,063 28,289,009 26,647,610 25,702,133 28,661,265
Economic Segment % 2022Q3 2021Q3 2020Q3 2019Q3 2018Q3 2017Q3 2016Q3 2015Q3 2014Q3 2013Q3
Miscellaneous/Other 48.4%16,193,179 14,859,504 14,564,155 17,223,258 14,622,219 12,786,006 12,448,262 11,026,468 11,018,397 14,405,546
Restaurants 12.1%4,046,669 2,782,361 2,891,941 4,330,976 4,196,879 4,027,460 4,021,277 3,835,898 3,602,981 3,200,200
Miscellaneous Retail 5.9%1,973,663 1,753,981 1,219,614 1,656,394 1,688,326 2,033,749 1,992,497 1,520,014 1,518,777 1,394,483
Apparel Stores 5.6%1,864,744 1,434,666 1,194,705 1,959,891 1,931,586 1,721,794 1,631,712 1,656,560 1,663,440 1,617,661
Department Stores 5.3%1,770,390 1,326,441 1,014,928 1,842,137 2,085,700 2,032,059 2,188,368 2,402,334 2,376,717 2,466,909
Service Stations 2.6%866,467 566,228 506,276 693,868 671,528 601,794 554,825 668,928 784,615 760,477
Business Services 1.3%432,914 271,896 550,822 845,213 808,531 788,902 832,423 839,442 670,259 723,849
Food Markets 1.2%403,901 344,680 386,428 449,163 482,100 502,234 509,109 500,731 454,455 466,036
Subtotal Economic (Local Business)82.4%27,551,926 23,339,756 22,328,869 29,000,900 26,486,869 24,493,998 24,178,472 22,450,377 22,089,640 25,035,161
Net Pools & Adjustments 17.6%5,898,205 5,035,660 5,529,280 5,926,100 5,483,467 5,053,065 4,110,537 4,197,233 3,612,493 3,626,104
Total 100.0%33,450,131 28,375,417 27,858,150 34,927,001 31,970,337 29,547,063 28,289,009 26,647,610 25,702,133 28,661,265
Historical Analysis by Calendar BMY from 2013Q3 to 2022Q3
The chart above shows the categories and segments in benchmark year economic basis amounts. The total amount is the net cash receipts, and it was obtained by
adding up the categories/segments with the “Net Pools & Adjustments” amount. Benchmark year (BMY) is the sum of the current and 3 previous quarters
(2022Q3 BMY is sum of 2022 Q3, 2022 Q2, 2022 Q1, 2021 Q4).
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 7
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Campbell 0.8%9.2%9.2%7.3%85.3%2,704,626 2,529,056 6.9%Electronic Equipment Restaurants Light Industry Auto Sales - Used
Cupertino -6.2%17.0%17.0%-15.7%8.8%8,781,311 10,037,769 -12.5%Restaurants Service Stations Office Equipment I.T. Infrastructure
Gilroy 3.4%1.0%1.0%29.4%-13.9%4,487,889 4,241,838 5.8%Auto Sales - New Service Stations Misc. Vehicle Sales Auto Sales - Used
Los Altos -13.7%9.7%9.7%135.4%14.1%645,693 567,672 13.7%Electronic Equipment Restaurants Recreation Products Green Energy
Los Gatos 9.8%9.4%9.4%1.9%48.5%1,494,264 1,343,457 11.2%Restaurants Miscellaneous Other Food Processing Eqp Leasing
Milpitas 8.8%23.1%23.1%22.0%107.0%6,020,216 5,426,209 10.9%Office Equipment Restaurants Auto Sales - New Bldg.Matls-Whsle
Morgan Hill 4.4%9.4%9.4%-9.2%-20.2%2,604,870 2,485,592 4.8%Service Stations Restaurants Light Industry Bldg.Matls-Whsle
Mountain View -4.9%49.4%49.4%10.8%-44.2%5,078,779 4,186,355 21.3%Restaurants Auto Sales - New Business Services Furniture/Appliance
Palo Alto 6.8%23.1%-13.9%29.9%-2.5%6,826,234 6,189,482 10.3%Office Equipment Leasing Auto Sales - New Drug Stores
San Jose -0.4%12.1%12.1%29.2%0.6%57,418,270 52,477,579 9.4%Office Equipment Restaurants Miscellaneous Retail Light Industry
Santa Clara 4.0%20.7%20.7%3.5%-43.9%13,346,375 11,910,403 12.1%Auto Sales - New Office Equipment I.T. Infrastructure Electronic Equipment
County of Santa Clara 9.0%13.6%13.6%21.0%-8.0%1,337,665 1,233,561 8.4%Heavy Industry Restaurants Auto Sales - Used Light Industry
Saratoga 5.0%4.4%4.4%58.0%78.2%288,400 260,603 10.7%Business Services Restaurants Food Processing Eqp Apparel Stores
Sunnyvale 53.4%20.5%20.5%3.8%68.6%7,204,543 6,137,708 17.4%Department Stores Restaurants Light Industry Business Services
Quarterly Analysis by Sales Tax Category: Change from 2021Q3 to 2022Q3 (Economic)
Unlike the chart on page one which showed a ‘benchmark year’ th rough third quarter of 2022, the chart above shows a comparison of one quarter only – third
quarter of 2022 to third quarter of 2021. This chart is for local ‘brick and mortar’ businesses and it excludes county pools and adjustments.
City of Palo Alto
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California Avenue % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
FOOD PRODUCTS 29.4%63,121 48,765 46.9%42.0%
GENERAL RETAIL -16.2%29,306 34,980 21.8%30.1%
ALL OTHER 30.3%42,284 32,446 31.4%27.9%
TOTAL 15.9%134,710 116,191 100.0%100.0%
El Camino Real and Midtown % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
FOOD PRODUCTS 20.0%155,044 129,204 44.8%38.9%
GENERAL RETAIL 1.9%36,622 35,939 10.6%10.8%
ALL OTHER -7.5%154,688 167,234 44.7%50.3%
TOTAL 4.2%346,354 332,376 100.0%100.0%
Greater Downtown % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
FOOD PRODUCTS 26.8%477,597 376,707 56.5%56.4%
GENERAL RETAIL 29.6%302,635 233,552 35.8%35.0%
BUSINESS TO BUSINESS 21.4%41,811 34,442 4.9%5.2%
CONSTRUCTION 7.1%12,591 11,751 1.5%1.8%
MISCELLANEOUS 10.2%8,439 7,661 1.0%1.1%
TRANSPORTATION -27.9%2,852 3,957 0.3%0.6%
TOTAL 26.6%845,924 668,069 100.0%100.0%
Stanford Shopping Center % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
GENERAL RETAIL -10.8%929,201 1,041,989 70.7%72.1%
FOOD PRODUCTS 8.9%146,567 134,606 11.2%9.3%
ALL OTHER -11.1%238,362 267,999 18.1%18.6%
TOTAL -9.0%1,314,130 1,444,594 100.0%100.0%
City of Palo Alto Geo Areas & Citywide Chart Data: Change from 2021Q3 to 2022Q3 (Economic)
City of Palo Alto
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Town And Country Shopping Center % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
GENERAL RETAIL 29.9%71,170 54,803 40.2%35.9%
ALL OTHER 7.9%105,749 98,004 59.8%64.1%
TOTAL 15.8%176,919 152,807 100.0%100.0%
All Other Geos combined with Balance of Jurisdiction % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
BUSINESS TO BUSINESS 29.8%2,054,495 1,583,139 35.8%29.0%
GENERAL RETAIL -10.1%1,441,243 1,603,498 25.1%29.4%
TRANSPORTATION -16.3%1,112,941 1,330,405 19.4%24.4%
FOOD PRODUCTS 23.8%1,026,021 829,000 17.9%15.2%
CONSTRUCTION 23.8%56,223 45,412 1.0%0.8%
MISCELLANEOUS -12.2%54,741 62,346 1.0%1.1%
TOTAL 5.4%5,745,664 5,453,800 100.0%100.0%
All Geo Area Totals Comparison 22Q3 & 21Q3 % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
Balance of Jurisdiction 6.9%2,927,627 2,739,762 51.0%50.2%
Stanford Shopping Center -9.0%1,314,130 1,444,594 22.9%26.5%
Greater Downtown 26.6%845,924 668,069 14.7%12.2%
El Camino Real and Midtown 4.2%346,354 332,376 6.0%6.1%
Town And Country Shopping Center 15.8%176,919 152,807 3.1%2.8%
California Avenue 15.9%134,710 116,191 2.3%2.1%
TOTAL 5.4%5,745,664 5,453,800 100.0%100.0%
Palo Alto citywide QE 22Q3 & 21Q3 % CHANGE QoQ 2022Q3 QE 2021Q3 QE 22Q3 % OF TOTAL 21Q3 % OF TOTAL
BUSINESS TO BUSINESS 29.9%2,194,817 1,689,561 32.2%27.3%
GENERAL RETAIL 6.8%1,802,777 1,687,461 26.4%27.3%
TRANSPORTATION -13.9%1,341,557 1,558,469 19.7%25.2%
FOOD PRODUCTS 23.1%1,230,824 999,729 18.0%16.2%
MISCELLANEOUS -7.6%187,947 203,392 2.8%3.3%
CONSTRUCTION 34.3%68,311 50,869 1.0%0.8%
TOTAL 10.3%6,826,234 6,189,482 100.0%100.0%
City of Palo Alto Geo Areas & Citywide Chart Data: Change from 2021Q3 to 2022Q3 (Economic) Cont.
City of Palo Alto
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FOOD PRODUCTS,
29.4% CHANGE, $63,121 ,
46.9% TOTAL
GENERAL RETAIL, -16.2% CHANGE,
$29,306 , 21.8% TOTAL
ALL OTHER,
30.3% CHANGE, $42,284 ,
31.4% TOTAL
California Avenue 2022Q3 SALES TAX AMOUNTS
FOOD PRODUCTS, $48,765 ,
42.0%TOTAL
GENERAL RETAIL,
$34,980 , 30.1%TOTAL
ALL OTHER, $32,446 ,
27.9%TOTAL
California Avenue 2021Q3 SALES TAX AMOUNTS
FOOD PRODUCTS,
20.0%CHANGE, $155,044 ,
44.8%TOTAL
GENERAL RETAIL,
1.9% CHANGE, $36,622 ,
10.6%TOTAL
ALL OTHER,
-7.5% CHANGE,
$154,688 ,
44.7%TOTAL
El Camino Real and Midtown 2022Q3 SALES TAX AMOUNTS
FOOD PRODUCTS, $129,204 ,
38.9%TOTAL
GENERAL RETAIL,
$35,939, 10.8%TOTAL
ALL OTHER, $167,234
50.3%TOTAL
El Camino Real and Midtown 2021Q3 SALES TAX AMOUNTS
City of Palo Alto Geo Area Pie Charts
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 11
FOOD PRODUCTS,
26.8%CHANGE, $477,597 ,
56.5%TOTAL
GENERAL RETAIL,
29.6% CHANGE,
$302,635 ,
35.8%TOTAL
BUSINESS TO BUSINESS,
21.4% CHANGE, $41,811 ,
4.9%TOTAL
CONSTRUCTION,
7.1% CHANGE, $12,591 ,
1.5%TOTAL
MISCELLANEOUS, 10.2% CHANGE,
$8,439 , 1.0%TOTAL TRANSPORTATION,
-27.9% CHANGE, $2,852 ,
0.3%TOTAL
Greater Downtown 2022Q3 SALES TAX AMOUNTS
FOOD PRODUCTS,
$376,707 , 56.4%TOTAL
GENERAL RETAIL,
$233,552 , 35.0%TOTAL
BUSINESS TO BUSINESS,
$34,442 , 5.2%TOTAL
CONSTRUCTION, $11,751 ,
1.8%TOTAL
MISCELLANEOUS,
$7,661 , 1.1%TOTAL
TRANSPORTATION, $3,957 ,
0.6%TOTAL
Greater Downtown 2021Q3 SALES TAX AMOUNTS
GENERAL RETAIL
$1,041,989 ,
72.1%TOTAL
FOOD PRODUCTS, $134,606 ,
9.3%TOTAL
ALL OTHER, $267,999 ,
18.6%TOTAL
Stanford Shopping Center 2021Q3 SALES TAX AMOUNTS
GENERAL RETAIL,
-10.8% CHANGE, $929,201 ,
70.7%TOTAL
FOOD PRODUCTS,
8.9% CHANGE,
$146,567 ,
11.2%TOTAL
ALL OTHER, -11.1% CHANGE,
$238,362 , 18.1%TOTAL
Stanford Shopping Center 2022Q3 SALES TAX AMOUNTS
City of Palo Alto Geo Areas Pie Charts
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 12
GENERAL RETAIL,
29.9%CHANGE, $71,170 ,
40.2%TOTALALL OTHER,
7.9% CHANGE,
$105,749 ,
59.8%TOTAL
Town And Country Shopping Center 2022Q3 SALES TAX AMOUNTS
GENERAL RETAIL, $54,803 ,
35.9%TOTAL
ALL OTHER, $98,004 ,
64.1%TOTAL
Town And Country Shopping Center 2021Q3 SALES TAX AMOUNTS
BUSINESS TO BUSINESS,
29.8%CHANGE,
$2,054,495 ,
35.8%TOTAL
GENERAL RETAIL,
-10.1% CHANGE, $1,441,243,
25.1% TOTAL
TRANSPORTATION,
-16.3% CHANGE,
$1,112,941,
19.4% TOTAL
FOOD PRODUCTS,
23.8% CHANGE, $1,026,021 ,
17.9%TOTAL
CONSTRUCTION,
23.8% CHANGE, $56,223 ,
1.0%TOTAL
MISCELLANEOUS, -12.2% CHANGE,
$54,741 , 1.0%TOTAL
All Other Geos combined with Balance of Jurisdiction 2022Q3
SALES TAX AMOUNTS
BUSINESS TO BUSINESS,
$1,583,139 ,
29.0%TOTAL
GENERAL RETAIL, $1,603,498,
29.4% TOTAL
TRANSPORTATION,
$1,330,405,
24.4% TOTAL
FOOD PRODUCTS,
$829,000 , 15.2%TOTAL
CONSTRUCTION,
$45,412 , 0.8%TOTAL
MISCELLANEOUS,
$62,346 , 1.1%TOTAL
All Other Geos combined with Balance of Jurisdiction 2021Q3
SALES TAX AMOUNTS
City of Palo Alto Geo Area Pie Charts
City of Palo Alto
www.avenuinsights.com (800) 800-8181 Page 13
Balance of Jurisdiction,
6.9%CHANGE,
$2,927,627 ,
51.0%TOTAL
Stanford Shopping Center,
-9.0% CHANGE, $1,314,130 ,
22.9%TOTAL
Greater Downtown,
26.6% CHANGE, $845,924 ,
14.7%TOTAL
El Camino Real and Midtown,
4.2% CHANGE, $346,354 ,
6.0%TOTAL
Town And Country Shopping Center,
15.8% CHANGE, $176,919 , 3.1%TOTAL California Avenue, 15.9% CHANGE,
$134,710 , 2.3%TOTAL
All Geo Area Totals 2022Q3 SALES TAX AMOUNTS
Balance of Jurisdiction,
$2,739,762 , 50.2%TOTAL
Stanford Shopping Center,
$1,444,594 , 26.5%TOTAL
Greater Downtown,
$668,069 ,
12.2%TOTAL
El Camino Real and Midtown,
$332,376 , 6.1%TOTAL
Town And Country Shopping Center,
$152,807 , 2.8%TOTAL
California Avenue,
$116,191 , 2.1%TOTAL
All Geo Area Totals 2021Q3 SALES TAX AMOUNTS
BUSINESS TO BUSINESS,
29.9%CHANGE, $2,194,817 ,
32.2%TOTAL
GENERAL RETAIL,
6.8% CHANGE, $1,802,777 ,
26.4%TOTAL
TRANSPORTATION,
-13.9% CHANGE,
$1,341,557 ,
19.7%TOTAL
FOOD PRODUCTS,
23.1% CHANGE, $1,230,824 ,
18.0%TOTAL
MISCELLANEOUS, -7.6% CHANGE,
$187,947 , 2.8%TOTAL
CONSTRUCTION,
34.3% CHANGE,
$68,311 , 1.0%TOTAL
Palo Alto citywide 2022Q3 SALES TAX AMOUNTS
BUSINESS TO BUSINESS,
$1,689,561 , 27.3%TOTAL
GENERAL RETAIL,
$1,687,461 ,
27.3%TOTAL
TRANSPORTATION,
$1,558,469 ,
25.2%TOTAL
FOOD PRODUCTS,
$999,729 , 16.2%TOTAL
MISCELLANEOUS,
$203,392 , 3.3%TOTAL
CONSTRUCTION, $50,869 ,
0.8%TOTAL
Palo Alto citywide 2021Q3 SALES TAX AMOUNTS
City of Palo Alto Geo Area & Citywide Pie Charts