The following is a news release from the City of Temecula:
The City of Temecula is pleased to report that sales tax receipts for the second quarter (April –June) of 2012 show a 9.9 percent increase compared to the same period one year ago. Genie Wilson, Chief Financial Officer, stated, “This increase is due to business and industry receipts that were much stronger than a year ago. In addition, strong sales in the auto and transportation sector also played a key factor in this reported increase”.
Mayor Chuck Washington added, “The City is very pleased with this sales tax report as it demonstrates that the local economy is continuing to recover”.
Statewide, sales tax receipts increased by 7.5 percent.