El Dorado County Sales Tax Revenue Increase Spurred by Gas Sales
Mountain Democrat Report
(PLACERVILLE, CALIFORNIA) Aug 24, 2022 — Auditor-Controller Joe Harn has posted the El Dorado County sales tax update to the county’s website. The report covers the quarter ending March 2022.
The report indicates the county’s sales tax revenues increased by 12.9% compared to the same time period in 2021. This increase in sales tax revenue is largely due to gasoline sales, Harn noted.
“Revenues generated by service stations increased 24% because of the drastic inflation in petroleum products,” the auditor states in a news release. “This report is good news for the county’s revenue picture but it is the result of considerable suffering on the part of county residents as they feel the adverse effects of price increases in food and all types of energy.” […]
The report can be found at: https://www.edcgov.us/Government/Auditor-Controller/Documents/Sales%20Tax/2022-1.pdf