Oil industry woes behind drop in city sales tax revenue

Falling oil prices and oil industry equipment purchases were the main reasons why the City of Bakersfield's fourth quarter sales tax revenue dropped nearly 5 percent, officials said Monday.Finance Director Nelson Smith confirmed oil- and gas-related services and equipment sales, and service Path to Full Story on The Bakersfield Californian

Posted: Monday Apr-4-2016 5:30 PM

Bakersfield California News

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