4Q South Lake Tahoe sales tax collection dropped 6% due to lower visitor numbers, less snowfall, and inflation impacts.
4Q sales tax collection in South Lake Tahoe dropped 6% compared to the same period in 2022, with actual sales down 4.8% excluding anomalies. Lower sales came from general consumer goods, sporting goods, specialty shops, and art/gift/novelty shops. The city experienced less snowfall, delaying ski resort openings and reducing visitor numbers. Inflation concerns and fluctuating fuel prices also impacted local service stations' returns.
May 26, 2024
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