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Port Orchard finance staff report sales tax decline but REET holding pace with budget
Summary
Finance Director Noah Crocker told the finance committee Sept. 16 that year‑over‑year sales tax receipts are down about 4% but remain roughly 7% above the adopted budget; Real Estate Excise Tax (REET) receipts have grown compared with 2024 and are close to meeting the 2025 budget.
Finance Director Noah Crocker said Sept. 16 that city sales tax collections for August were about 4% lower than the same month a year earlier, though they remain roughly 7% above the city’s adopted budget. The Real Estate Excise Tax (REET) was stronger year‑to‑date compared with 2024 and is close to fulfilling the 2025 REET budget.
The council’s finance committee heard the revenue update at a regular meeting. Crocker, speaking to the committee chaired by Mark Trenary, said the city tracks sales tax and REET closely because together they…
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