By Brittney Sherman
Similar to results for the State (-0.6%), the Bay Area (-1.7%), and the County (-1.7%), Morgan Hill’s sales tax revenue continues to yield negative numbers in 2024. For the second quarter in a row the auto and transportation category decreased 9%, a trend experienced throughout the state. In addition, due to a reduction in construction activity and the seasonal nature of business industry sales, Morgan Hill’s Business and Industry category dropped 28%. There were some positive points, with slight growth found in the Restaurant and Hotels, and Fuel and Service Station (2.8%) categories. HdL Company Analysts are projecting additional minor corrections and a rebalancing of sales tax in the final quarter of 2024.
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