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Sales Tax

NEWS
August 13, 2003
Jackson Bell Retail sales in Burbank grew 5.6% between 1996 and 2001, according to a statewide survey, but city officials said 2002 figures jumped to 8.2% following the opening of the Burbank Empire Center. The study, released late last month by California Retail Survey, analyzed and ranked 470 cities and 58 counties throughout California based on actual sales results from each of the state's 360,000 retailers. The survey measured everything from department store and women's apparel sales to sales of jewelry and automobiles.
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NEWS
July 9, 2003
Jackson Bell The war in Iraq, an epidemic scare and the state budget crisis had little effect on the local economy during the first quarter of 2003, according to the city's economic profile. The report, a quarterly analysis of Burbank's economic health prepared by the Community Development Department, examined a variety of indicators, including unemployment rates, travel, real estate sales, and parking, occupancy and sales tax revenues. "Based on the figures, Burbank does seem to be faring pretty well compared to other cities," said Ross Young, an administrative assistant who prepared the report.
NEWS
July 2, 2003
Jackson Bell Since Burbank Empire Center opened in November 2001, several of the center's stores and restaurants are exceeding projections. But some residents and retailers are feeling the side effects of success. Panda Express and Outback Steakhouse are topping their parent companies in franchise sales, and major retailers Target and Lowe's are in the top 10% of sales for their respective companies, according to Ben Reiling, president of Zelman Development Co., the site developer.
NEWS
May 17, 2003
Airport a valuable city asset Why should the city be made to return the money for the people with the "leave-us-alone-we-don't- want-to-grow-up-like-the- rest-of-the-world" attitude? They use short-term thinking and are often in the city only a short time. The airport has long been a producer of income in many ways to our city. Wake up! Don't be a loser of a Burbank citizen. Dreams can only become reality when a decision to change is made. Time is the most precious thing we have and so much has been wasted in not going ahead.
NEWS
May 17, 2003
Laura Sturza and Molly Shore City and school district officials breathed a sigh of relief following the release of Gov. Gray Davis' revised budget plan, but won't take anything for granted until a final budget is adopted. Davis' $96-billion spending plan, released Wednesday, relies more heavily on new taxes and borrowing than drastic spending cuts feared by the school district and city, which is facing a $9-million deficit. "Overall, we were pretty pleased," City Manager Mary Alvord said.
NEWS
May 29, 2002
Karen S. Kim BURBANK -- For years, it's been apparent that people who come to Burbank, sure do like to eat. That is, except for last year, according to a city report. And city officials are pointing to Sept. 11 as cause for the drop in restaurant sales tax revenue in 2001. "There definitely was an impact with that tragedy, especially with higher-end restaurants," said Susan Bowers, executive director of the Burbank Chamber of Commerce. "But I'm very optimistic about it. Things are already getting back to normal."
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
February 27, 2002
Karen S. Kim BURBANK -- A softening economy and the crippling Sept. 11 attacks are being cited as the two major causes for a drop in certain sources of city revenue. The revenues received from sales, transient occupancy and transient parking taxes dipped substantially in the first half of fiscal year 2001-2002, according to a city report. "We're still fine at a fund balance standpoint because we still have more revenues than we're spending," city Financial Services Director Derek Hanway said.
NEWS
October 24, 2001
Karen S. Kim BURBANK -- When it comes to local sales-tax revenue improvement, Burbank leads the pack. Burbank's second quarter receipts for sales from April through June 2001 soared 8.2% above its second-quarter receipts for 2000. "We knew we'd have a good quarter, but I think it was better than we expected," Burbank City Manager Bud Ovrom said. "I think the key to us is that we just have a very strong diversified economy. Because of that, we tend to weather whatever fluctuations we may face."
NEWS
July 11, 2001
Karen S. Kim BURBANK -- Sales-tax reports in Burbank show that around here, people sure do like to eat. Last year, revenue from Burbank's sales tax -- which is the largest source of the city's general fund revenue -- increased 7.2% from 1999's totals. "We feel very good about it," City Manager Bud Ovrom said. "It means that we have a very strong local economy, and we know it's going to get better because you have the whole Empire Center coming online."
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