Laserfiche WebLink
Conclusions <br />Positive local economic fundamentals (which assume continued modest <br />overall national growth) are largely offset by challenges specific to local <br />retail in San Marcos, including rising competition (both from nearby <br />communities and e-commerce) and issues affecting malls, suggesting little <br />change in 2018 (and 2019) net local sales tax collections. <br />Best Buy is the X factor <br />share of their sales tax rebate could translate into into an incremental $2 to <br />$2.5 million per year. Based on this, the forecast is for overall City sales tax <br />(including the net Best Buy impact) to rise 6.2% during 2018, with more <br />modest growth in the 3- <br />investment in San Marcos suggests that their impact should be substantial <br />for the foreseeable future, although there are no long-term guarantees, <br />28 <br /> <br />