.Berkeley Tax Revenues Are Up

While city budgets are tanking around the state because of the steep recession, sales tax revenues in Berkeley actually rose this year, according to the Chron. City Manager Phil Kamlarz credited the increase to the success of the city’s shopping districts, which are full of small, diverse stores that tend to soften the impact of both economic downturns and upturns. By contrast, cities that depend on a few big-box retailers tend to experience booms and busts, mirroring the fortunes of those businesses.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

East Bay Express E-edition East Bay Express E-edition
19,045FansLike
14,598FollowersFollow
61,790FollowersFollow
spot_img