Newport Beach : Tax Consultant Hired to Find More Income
The city of Newport Beach has hired a tax consulting firm to make sure the city is receiving all the sales tax it is entitled to, officials have announced.
The Westlake Village-based firm, Municipal Resource Consultants, plans to generate additional income for the city by identifying point-of-sale taxpayer errors that often go unnoticed.
Sales tax produces $12 million annually for Newport Beach, roughly a quarter of the city’s general fund. City officials did not know how much more income to expect due to the service.
City Finance Director George Pappas() said MRC has conducted similar surveys for other Orange County cities including Irvine, Fullerton and Santa Ana. The firm’s services will be self-funding; MRC will keep 25% of the income it finds for the city.
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