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Attachment 5 - Sales Tax Information from MuniServicestCalifornia Taxable Sales Quarter over Quarter Percent Change CARES ACT: $2 TRILLION 3/25/2020, many taxpayers that extended in Ql catching-up. CA COVID Lockdown begins, many taxpayers file extensions New Wayfair / AB147 $ I Economy begins to slow l Consolidated Appropriations Act: $900 billion 12/20/2020 Summer Rally I COVID Resurgence Federal Reserve begins taking aggressive approach to fighting inflation, set 2% target Inflation Reduction Act: $437 billion 08/16/2022 American Rescue Plan: $1.9 trillion 3/11/2021 Russia Invades Ukraine, pushing energy prices, inflation even higher Recovery, Rising Energy Prices, Rising Inflation JURISDICTION OR REGION 2019Q3 2019Q4 Federal Funds Rate (Top ofTarget Range)»> 2020Ql 0.25% 2020Q2 0.25% -� 2020Q3 0.25% 2020Q4 0.25% 2021Ql 0.25% 2021Q2 0.25% 2021Q3 2021Q4 2022Ql 2022Q2 0.25% 0.25% 0.50% 1.75% 2022Q3 3.25% 15.-4%- -5.9-% -8.8% -10.7% -11.2% -6.0% 1.8% 5.6% 8.1% 3.2% 2.9% 2.0% -3.9% -4.9% -0.2% 8.8% 5.7% 10.2% 13.1% -6.0% -2.2% -10.5% -10.3% -5.8% 3.6% -0.9% 8.6% 5.2% 48.1% 38.9% 29.2% 23.2% 32.8% 49.9% 35.4% 44.6% 37.6% OTHER SOUTHERN CENTRAL COAST SOUTH COAST S.F. BAY AREA STATEWIDE INLAND EMPIRE SACRAMENTO VALLEY CENTRAL VALLEY NORTH COAST OTHER NORTHERN -12.5% -10.7% -7.8% -11.5% -8.8% -8.7% -8.2% -7.2% -6.0% -11.0% 5.3% 5.5% 5.7% 5.3% 4.7% 2.3% 6.0% 7.1% 7.7% -29.5% -25.9% -20.8% -20.0% -18.9% -17.6% -15.3% -11.5% -11.0% -9.2% 17.9% 28.7% 34.6% 26.1% 32.1% 37.5% 27.8% 33.7% 24.5% 26.5% 3.8% 11.1% 7.9% 34.5% 14.1% 11.4% 18.7% 13.6% 17.6% 21.9% 16.7% 19.9% 5.7% 9.2% 20.0% 18.2% 28.7% 20.2% 25.4% 30.4% 22.8% 24.3% 6.4% 9.3% 26.1% 20.5% 21.1% 19.8% 19.1% 19.1% 15.9% 14.2% 2.8% 5.6% -0.4% 4.0% 5.7% 5.6% 5.0% 6.8% 2.0% 3.7% -5.3% -4.9% -2.0% 8.5% 7.8% 10.4% 7.5% 8.3% 5.6% 5.7% -4.1% 1.2% Non-Confidential Avenu Insights & Analytics ATTACHMENT 5 1 California Taxable Sales Quarter over Quarter Percent Change CARES ACT: $2 TRILLION 3/25/2020, many taxpayers that extended in Ql catching-up. CA COVID Lockdown begins, many taxpayers file extensions New Wayfair / AB147 $J Consolidated Appropriations Act: $900 billion 12/20/2020 SuJmmer Rally I COVID Resurgence Federal Reserve begins taking aggressive approach to fighting inflation, set 2% target Inflation Reduction Act: $437 billion 08/16/2022 Amn erican Rescue Plan: $1.9 trillion 3/11/2021 Russia Invades Ukraine, pushing energy prices, inflation even higher Recovery, Rising Energy -ma�u OTHER NORTHERN -11.0% 7.7% -9.2% 3.8% 11.1% Inflation (U.S. CPI-U) >» 2.1% 0.3% 1.2% CA Gasoline Average Retail »> 4.0% -26.8% -13.5% 7.9% 1.3% -19.5% 34.5% 26.5% 9.2% 1.9% 4.9% 5.4% 2.7% 41.9% 36.6% 9.3% 6.7% 44.7% 5.6% -4.9% 8.0% 8.7% 42.2% 46.8% 1.2% 8.3% 28.9% Non-Confidential Avenu Insights & Analytics 2