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SALES TAX REVENUE TRENDS <br />Regional Decline: Orange County taxable fell 2.,3%., <br />matching the 2.3% decline in Southern California. <br />Local Sector Highlights: <br />High interest rates weakened new car <br />sales, leading to consumer hesitation <br />on big -ticket purchases. <br />.-m_ 12[• <br />Business -to -business saw slight <br />growth, but most categories remained <br />flat or declined due to economic <br />pressures. <br />ri <br />Fuel payments dropped 13 % due to <br />lower consumption and prices, with <br />continued declines expected through <br />FY24-25. <br />MEASURE <br />X <br />BY QUARTER <br />_,_-_-_--.:_-------- ------ - - <br />10,000,00D <br />�,004,044 <br />2ND QTR 3RD QTR 4TH QTR 1ST QTR 2ND QTR 3RD QTR 4TH QTR 1ST QTR 2ND QTR <br />3RD QTR <br />4TH QTR 1ST QTR 2ND QTR 3RD QTR 4TH QTR IST QTR 2ND QTR 3RD QTR 4TH QTR IST QTR 2ND QTR <br />2019 2019 2019 202D 2020 2020 2020 2021 2021 <br />2021 <br />2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 <br />