Saturday, April 24, 2010

Sales tax revenue plummets in Sacramento region

The Sacramento Bee reports:
In the last five years, sales tax revenue in the Sacramento region dropped by $76 million as consumers increasingly stayed home in the harsh economy, a Bee survey finds.

The Bee looked at revenue streams for 18 local governments, including Sacramento, Yolo, El Dorado and Placer counties, and 14 cities.