Top Sales Tax Generators
Since sales taxes account for over 25 percent of the City’s revenues, sales tax trends are an important indicator of the City’s economic health. Sales tax is divided by seven major categories: Business & Industry, General Consumer Goods, Building and Construction, Restaurants & Hotels, Food & Drugs, Autos & Transportation, and Fuel Service Stations. In the City of San Carlos, the top three tax generating categories are: Business & Industry, General Consumer Goods, and Building & Construction related businesses. Breaking revenues down further, 55% of the total sales tax revenues are received from only two categories: Business & Industry and Building & Construction. The following list is the top 25 producers in alphabetical order.