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EDC reports $428,891 projected fund balance carryover; sales tax up about 4.5% year-to-date
5792761 · September 18, 2025
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Summary
EDC staff told the board the fiscal-year carryover is expected to be about $428,891 and that sales tax revenue is approximately 4.65% higher year-to-date (about 4.5% for the fiscal year), with sales-tax collections about $112,000 above last year.
EDC staff reported Wednesday that the fiscal-year fund balance is projected to carry over about $428,891 to next year and that sales-tax receipts have increased year-to-date.
"So far, it's carrying over 428,000 to the next year's fund balance," staff said in response to board questions.…
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