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SALES TAX REVENUE 8/8/2012 6PM B.B.

SALES TAX REVENUE IN THE CITY OF GILROY HAS RISEN BY ABOUT 3 PERCENT IN THE FIRST QUARTER OF THIS YEAR, COMPARED TO THE SAME QUARTER LAST YEAR.  THIS IS THE 9TH QUARTER IN A ROW THAT THE CITY HAS SEEN A POSITIVE INCREASE IN TAX REVENUE.  THE BIGGEST SPIKE FROM LAST YEAR CAME FROM THE GILROY PREMIUM OUTLETS, WHICH SAW A 13 PERCENT SPIKE IN SPENDING COMPARED TO LAST YEAR.

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