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Way to eat, Alameda!

Submitted by on 1, May 22, 2008 – 7:45 amNo Comment

The city released its latest quarterly sales tax data, and the news is … good! The city raked in an additional 1.1 percent in tax revenues for the quarter ending on March 31, driven in part by increased grocery sales and increased tabs from all our new, schmancy restaurants. New stores at Alameda Towne Center (or South Shore, in deference to any Alamedians who are reading this) are also continuing to drive tax dollars into the city’s coffers, as are the shops and food joints (and of course, Nob Hill Foods) at Bridgeside Center. Not surprisingly, auto sales continue to decline, as has construction. But our on-Island eating and shopping has more than made up for it. The extra $15,000 or so the city collected in sales taxes this past quarter should make an oh-so-tiny dent in the $4 million deficit they’ll be staring down for next year.

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