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Sales Tax

NEWS
February 11, 2004
Ryan Carter City sales tax revenue soared in the third quarter of 2003, exceeding modest projections, according to a recently released report. Fueled by sales at the Empire Center, tax receipts grew by 8.6% compared to the same three-month period in 2002, city Finance Director Derek Hanway said Monday. "It was an excellent quarter," Hanway said. "It was above our expectations. We're still being conservative, and we are now looking to fourth quarter sales receipts, which are critical.
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NEWS
April 17, 2002
Karen S. Kim BURBANK -- The much-awaited opening of the Burbank Empire Center sent Burbank's sales-tax revenues into the black during the city's fourth quarter, showing a 4.6% increase. The leap in revenues bucks a declining trend seen in Burbank's third quarter, when reports showed a 4.7% drop in sales tax receipts. "You can see there's a significant impact from the Empire Center, and this happened to be a holiday quarter too," said Derek Hanway, financial services director for Burbank.
NEWS
October 15, 2003
MICHAEL D. ANTONOVICH Our county's new Gold Line rail system is successfully playing a vital role in the realization of our county's regional transit plan. However, a ballot measure by Gov. Gray Davis to raise the sales tax by a half-cent for the budget-busting subway threatens this plan. The Gold Line can be expanded by utilizing existing freeway medians and abandoned railroad rights-of-way for a comprehensive at-grade and aboveground rail system.
THE818NOW
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | March 12, 2014
This post was updated to include more information. Swedish furniture giant IKEA got the unanimous green light from the Burbank City Council this week to build its largest furniture store in the nation in Burbank. The retailer, which opened in Burbank in 1990 as its first store in California and sixth in the United States, will relocate roughly a mile away to a nearly 23-acre lot located at 805 S. San Fernando Blvd. The 470,000-square-foot megastore - which will be nearly double the size of its current location - is scheduled to open in August 2016.
NEWS
March 13, 2002
Karen S. Kim BURBANK -- Slowly but surely, Burbank's slowing economy is turning around, city officials said. City reports show revenues improved moderately in January, with sales tax, transient occupancy tax, transient parking tax, electric sales and airport passenger levels climbing steadily over the last month. "We saw improvement in January," said Derek Hanway, financial services director for Burbank. "It's not as fast as we'd like, but we're getting there."
NEWS
October 2, 2002
Gretchen Hoffman Shoppers at a Home Depot store set to open in about a year and a half will be able to walk to Glendale and back without leaving the store. At Tuesday's Redevelopment Agency meeting, the Glendale City Council voted unanimously to go ahead with the 140,000-square-foot hardware headquarters, which will straddle the two cities at 1200 S. Flower St. in Burbank and 801 Allen Ave. in Glendale. The cities will divvy up the sales-tax revenues in proportion to how much of the store sits in each city -- 77% to Burbank and 23% to Glendale -- in the first tax-sharing venture between the neighbors, Glendale City Manager Jim Starbird said.
NEWS
March 6, 2012
I had to chuckle at a Mailbag letter from a Burbank resident congratulating Rancho residents for rejecting Urban West's revised proposal while on the same page there appeared Bert Ring's cartoon of a senior-and-disabled shuttle bus with the caption, “Sorry you can't afford it, but it's mandatory.” It was referring to new mandatory fares that may be implemented because the service, which is currently “sales-tax-based and varies depending on...
NEWS
By Alene Tchekmedyian, alene.tchekmedyian@latimes.com | May 17, 2013
The days appear numbered for Got Wheels!, Burbank's summer bus system for youth, after city officials this week proposed cutting the program. While roughly 2,000 kids are registered to use Got Wheels! - the summer bus line for 10- to 18-year-olds that circulates to schools, skate parks, libraries, malls and community centers - officials logged just 475 trips over a two-month period last summer. The bus program costs roughly $61,000 to operate each year. "It's never been terribly efficient," said Community Development Director Joy Forbes.
NEWS
By Zain Shauk | November 1, 2008
GLENDALE — In the wake of a meeting where Gov. Arnold Schwarzenegger reportedly told educators he may call for up to $4 billion in midyear budget cuts to education, state and local officials expressed concern about a crisis that may further impair an already struggling state education system. In the private meeting, the governor told legislators Tuesday to brace for the midyear cuts, adding that he would make a push for a sales tax increase to help in closing the budget gap, according to Rick Pratt, assistant executive director for governmental relations at the California School Boards Assn.
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