Thursday, December 4, 2008 |
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Riverdale sales down 10 percent
RIVERDALE — City Administrator Larry Hansen recently said the latest report on sales tax shows a 10.2 percent decrease for Riverdale businesses, with car dealerships taking the biggest hit.Hansen said the city budget may be affected, but Riverdale is in a better position than other cities because it has had an action plan to deal with loss of sales tax since 2005 when the Legislature took 20 percent of the city’s sales tax revenue.
At that time, the Legislature also guaranteed Riverdale $4.5 million a year in sales tax, which may be advantageous to the city for 2009, according to Hansen.
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