If the current increase is sustained in the second half of the year, the SCFD (one-tenth of a cent sales tax) could add more than $10 million in revenue, jumping at years-end from $64 million in 2020 to a record $74 million this year.
Wednesday, September 22, 2021
Midpoint in the Year Sales Tax Revenue Roars In
Scientific and Cultural Facilities District (SCFD). At the end of last year, metropolitan tax revenue was off by about 3 percent due to the shutdown. But the recession was short and the recovery started by summer’s end, so projections of a 10 percent loss was not realized.
Posted by Floyd Ciruli at 1:43:00 PM