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City staff presented a monthly sales-tax report to the advisory board on Oct. 21 showing collections for the period were down 5.41% compared with the same month a year earlier. Staff said the figure reflects consumer behavior amid persistent inflationary pressures and that year-to-date collections for the most recent four months are 2% below the same four months of the prior year.
Staff called the trend a reminder to pursue grant opportunities and to prioritize projects in the CIP list. The board discussed potential impacts on general-fund budgeting and future CIP decisions; staff noted the city had budgeted for zero growth but actual receipts were below that assumption and that staff will continue to monitor and adjust as necessary.
A public commenter urged the board to preserve reserves and use grant leverage where possible, saying dollars will become harder to find in a tighter economy. Board members thanked staff and noted the need to prioritize projects in light of revenue trends.
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