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Oro Valley financial update: general fund revenues lower on construction sales tax timing; half‑cent parks tax moved to general fund
Summary
Commissioners reviewed the town's fiscal‑year 2025‑26 financial update through August and were told general fund revenues are down about 10% year over year, driven largely by construction sales tax timing.
Commissioners reviewed the town's fiscal‑year 2025‑26 financial update through August on Oct. 21 and heard staff explain the primary drivers behind year‑to‑date variances and fund transfers.
The town's finance presenter said "Overall, revenues in the general fund are down about 10% year over year," and attributed the decline largely to timing and a drop in construction sales tax receipts. Staff reported the general fund is at about 13% of budget through August and that the year‑end estimate projects roughly 99% of budgeted revenues.
Staff flagged an additional payment to PSPRS (Public Safety Personnel Retirement System) of about $371,000 that posted in the new fiscal year; excluding that item, personnel costs are roughly 4% higher year over year and consistent with expectations after July pay increases and a new memorandum of understanding with the…
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