Latest news with #HdLCompanies
Yahoo
19-05-2025
- Business
- Yahoo
HdL Companies Recognizes Sharon Petrehn as 2025 LGSI Scholarship Recipient
BREA, Calif., May 19, 2025--(BUSINESS WIRE)--HdL Companies congratulates Sharon Petrehn, who was selected on April 8th as the recipient of its sponsored scholarship for the 2025 Local Governance Summer Institute (LGSI) at Stanford University. Awarded in partnership with the California City Management Foundation (CCMF), this scholarship supports promising leaders advancing the future of local governance. Petrehn brings over a decade of experience in local government, with notable leadership roles in Union City and Pleasanton. Her work spans strategic planning, project management, and civic engagement, consistently driving initiatives that improve organizational performance and strengthen community trust. "I'm honored to receive a scholarship supported by HdL Companies to attend Stanford's Local Governance Summer Institute," said Petrehn. "I'm excited to learn about innovative approaches to today's challenges from esteemed faculty and connect with other government leaders in this cohort. On a personal level, this opportunity is a WIN that will further strengthen my professional capabilities and equip me with valuable insights to bring back to my organization and the communities I serve." The LGSI program is a premier leadership development opportunity for local government professionals, focused on addressing contemporary challenges through data-informed, forward-thinking strategies. HdL Companies is proud to help advance the careers of public sector professionals through this investment in executive education. "Recognizing and supporting leaders like Sharon reflects HdL's commitment to helping cities thrive through strong leadership and innovation," said Andrew Nickerson, President/CEO of HdL Companies. To learn more about the CCMF scholarship program and LGSI, visit: About HdL Companies HdL Companies is dedicated to supporting local governments across the U.S. with revenue enhancement, technology and consulting services that enable cities, counties and special districts to better serve their communities. Founded in 1983, HdL Companies' comprehensive approach to revenue management is trusted by more than 900 local governments nationwide. The company has successfully recovered more than $4 billion in revenue for client agencies. For more information, visit View source version on Contacts For further information, please contact: Melissa Heiselt, HdL Companies Marketing Coordinator 714.879.5000
Business Wire
19-05-2025
- Business
- Business Wire
HdL Companies Recognizes Sharon Petrehn as 2025 LGSI Scholarship Recipient
BREA, Calif.--(BUSINESS WIRE)--HdL Companies congratulates Sharon Petrehn, who was selected on April 8th as the recipient of its sponsored scholarship for the 2025 Local Governance Summer Institute (LGSI) at Stanford University. Awarded in partnership with the California City Management Foundation (CCMF), this scholarship supports promising leaders advancing the future of local governance. 'Recognizing and supporting leaders like Sharon reflects HdL's commitment to helping cities thrive through strong leadership and innovation,' said Andrew Nickerson, President/CEO of HdL Companies. Share Petrehn brings over a decade of experience in local government, with notable leadership roles in Union City and Pleasanton. Her work spans strategic planning, project management, and civic engagement, consistently driving initiatives that improve organizational performance and strengthen community trust. 'I'm honored to receive a scholarship supported by HdL Companies to attend Stanford's Local Governance Summer Institute,' said Petrehn. 'I'm excited to learn about innovative approaches to today's challenges from esteemed faculty and connect with other government leaders in this cohort. On a personal level, this opportunity is a WIN that will further strengthen my professional capabilities and equip me with valuable insights to bring back to my organization and the communities I serve.' The LGSI program is a premier leadership development opportunity for local government professionals, focused on addressing contemporary challenges through data-informed, forward-thinking strategies. HdL Companies is proud to help advance the careers of public sector professionals through this investment in executive education. 'Recognizing and supporting leaders like Sharon reflects HdL's commitment to helping cities thrive through strong leadership and innovation,' said Andrew Nickerson, President/CEO of HdL Companies. To learn more about the CCMF scholarship program and LGSI, visit: About HdL Companies HdL Companies is dedicated to supporting local governments across the U.S. with revenue enhancement, technology and consulting services that enable cities, counties and special districts to better serve their communities. Founded in 1983, HdL Companies' comprehensive approach to revenue management is trusted by more than 900 local governments nationwide. The company has successfully recovered more than $4 billion in revenue for client agencies. For more information, visit
Yahoo
30-01-2025
- Business
- Yahoo
HdL Companies Report California Local Sales and Use Tax Declines in Q3 2024
BREA, Calif., January 30, 2025--(BUSINESS WIRE)--California's local one cent sales and use tax receipts for the months of July through September 2024 were 2.3% lower than the same quarter one year ago, after adjusting for accounting anomalies. This decline marks a weak start to the 2024-25 fiscal year for many California agencies. "The third quarter is traditionally a period of pleasant weather and robust statewide tourism," said Andy Nickerson, CEO of HdL Companies. "However, this year, we saw a notable drop in tax receipts compared to the previous year." The Autos-Transportation sector experienced a significant decline of 4.8%, marking the seventh consecutive quarter of downturn. While used auto returns and leasing activity have shown improvement, revenues from new car sales struggled due to sustained high interest rates, tightened credit standards, and increased auto insurance costs. Elevated inventories for many dealers continue to apply downward pressure on prices and growth into 2025. The home repairs and construction industry, typically buoyed by the summer season, also faced challenges. High consumer interest rates and limited access to equity for homeowners have sidelined new projects as developers await more favorable investment conditions. Brick-and-mortar general consumer retailers saw a pullback of 3.8%. Consumers are gravitating towards lower-priced and discounted items over higher-priced luxury goods, forcing merchants to reconsider inventory needs. Additionally, fierce competition from online merchants continues to impact local stores, with holiday shopping expectations remaining soft. Fuel-generating taxpayers had a rough quarter, with a combination of consumption declines and falling fuel prices driving comparisons down by 13%. The Food-Drugs category also saw a decrease of 2.8%, influenced by the contraction of national drug store locations and a steady decline from cannabis merchants dating back to 2021. Similar percentage declines are expected for the upcoming end of the 2024 quarter. Despite an improvement in statewide tourism over 2023, revenue from restaurants experienced only a modest gain of 0.7%. This included a dramatic drop from fine dining establishments, consistent with spending trends in other sectors. State-mandated minimum wage requirements remain a challenge, with higher menu prices reducing patron visits. "These sluggish results solidify 2024 as a down year," added Nickerson. "Recent reductions to the Federal Funds Rate aren't anticipated to help until later in 2025. Agencies should expect fiscal year 2024-25 sales taxes to stay flat or decline slightly as sluggish economic conditions leave consumers cautious in their spending patterns, especially for big-ticket items and discretionary products." View a complete table of sector and regional data. Each quarter, HdL Companies reports on California's sales tax receipts and their impact on local jurisdictions. About HdL Companies HdL Companies supports local governments with revenue enhancement, technology and consulting services. Founded in 1983, HdL Companies' comprehensive approach to revenue management is trusted by more than 900 local government agencies nationwide. The company has successfully recovered more than $3 billion in revenue for clients. Visit for details. View source version on Contacts For further information, please contact: MyLinh Pham, HdL Companies Marketing Manager 714.879.5000 Sign in to access your portfolio
