Page 11 - 2023-25 Citizen's Guide to the Moreno Valley Budget
P. 11

REVENUES  SALES TAX


        The current sales tax rate in Moreno Valley is 7.75%.  For every dollar of sales tax generated in Moreno Valley, the City’s
        General Fund receives only 13¢, which supports critical local services including public safety and infrastructure.  Below is an
        illustration of how a dollar of sales tax is apportioned to the State and County (87%) and 13% to the City.
                                     For Each Dollar Of Sales Tax Revenue
























                         STATE GENERAL FUND - 50¢                 MORENO VALLEY GENERAL FUND - 13¢
                         Supports  a  wide  variety  of  programs,   Supports  critical  local  services  including
                         including K-12 education, higher education,   public safety and infrastructure.
                         health and criminal justice programs.
                                                                  COUNTY TRANSPORTATION FUNDS - 10¢
                                                                  Supports traffic congestion relief, traffic safety,
                         STATE LOCAL REVENUE FUND - 20¢           and air quality improvement programs.
                         Supports  various  health  and  social  service
                         programs such as probation, mental health,   STATE LOCAL PUBLIC SAFETY FUNDS - 7¢
                         drug and alcohol, and foster care programs.  Supports local public safety programs


        The City anticipates receiving sales tax revenue of $37.5 million during FY 2023/24.  This is based on an analysis of the trend in
        year-to-date tax receipts, macroeconomic conditions, and an examination of local business data.  Revenue growth recently
        has been driven by higher retail gas prices, autos and transportation, restaurants and hotels, and food and drug categories.







                         SALES TAX                                                 SALES TAX RATE


                                     FY 2022/23  FY 2023/24  FY 2024/25
                 FY 2018/19  FY 2019/20  FY 2020/21  FY 2020/21  AMENDED   ADOPTED   ADOPTED
                                     BUDGET  BUDGET  BUDGET
                                                                   9.00%
           $45                                                     8.75%
                                                                   8.50%
           $40
                                                                   8.25%
           $35                                                     8.00%
                                                                   7.75%
           $30                                                     7.50%
         MILLIONS  $25                                             7.25%  CORONA  HEMET  MENIFEE  MORENO  MURRIETA  PERRIS  RIVERSIDE  SAN  TEMECULA WILDOMAR
                                                                   7.00%
           $20
                                                                          AVERAGE 8.55%  VALLEY      BERNARDINO
           $15
           $10

           $5
           $0

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