Economic Profile - City of Cerritos

Major RevenuesSales Tax by Geographic SectorThe Cerritos Towne Center, which has a retail and office component, is the City’s third highest sales taxgenerator. Sales tax revenue at the Cerritos Towne Center increased from $443,336 in quarter 2008-4 to$451,498 in quarter 2009-4, which is an increase of approximately 2%. The Cerritos Industrial Park is thefourth highest sales tax generator in Cerritos. Since quarter 2008-4, sales tax revenues have decreasedgradually. The Cerritos Industrial Park generated $384,064 in sales tax revenue in quarter 2009-4, which is adecrease of 26.3% from quarter 2008-4. This drop in sales tax revenue may be attributed to the currenteconomic climate of industrial uses.Cerritos Towne Center - Total$500,000.00$450,000.00$400,000.00$350,000.00$300,000.00$250,000.00$200,000.00$150,000.00$100,000.00$50,000.00$0.002008/1 2008/2 2008/3 2008/4 2009/1 2009/2 2009/3 2009/4Cerritos Towne Center - TotalCerritos Industrial Park$600,000.00$500,000.00$400,000.00$300,000.00$200,000.00Cerritos Industrial Park$100,000.00$0.002008/1 2008/2 2008/3 2008/4 2009/1 2009/2 2009/3 2009/4Source: City of Cerritos Finance Division, GIS DivisionCerritos Economic Profile - Spring 20106