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Cerritos Auto Square bouncing back after car sales plummeted during the second quarter

Auto sales account for a third of sales tax revenue generated in the City of Cerritos, with the Cerritos Auto Square bringing in $10.9 million in 2019. The city’s fiscal year 2020-21 budget—which went into effect July 1—is $124.4 million, which accounts for any anticipated impacts by COVID-19, meaning auto sales account for nearly 9% of the city’s annual budget.