Q2 2021 Sales Tax Update
By Brittney Sherman
Morgan Hill’s Q2 Sales Tax Update, spanning the months of April-June 2021, has just been released. Here are some high level takeaways-
-Sales tax revenue for the city this quarter was up 30.5%, a number higher than the county but lower than the state.
-Compared to Q2 2020, the Auto/Transportation Industry showed significant growth of more than $225,000 in alignment with the statewide trend of increased auto and RV sales and pricing.
- Restaurant/Hotel and Fuel/Service Industries grew $100,000 each in comparison to Q2 2020, most likely due to the reopening of the economy and the return of commuters to the workplace. Building/Construction numbers also increased mainly due to the rise in steel and lumber prices.
-The Food/Drug Industry numbers stayed flat, as there were minimal disruptions to this industry during the pandemic.
Have questions? please contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov
This report is provided by HdL Companies, a leading provider of revenue and key economic insights to local government agencies since 1983.