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July financials: Brentwood staff report modest summer sales-tax decline, rising use tax from online purchases
Summary
At the Sept. 4 Ways and Means meeting finance staff presented July financial statements and a revenue analysis showing sales-tax receipts running about 3% lower in some funds while use taxes rose (1% in July, 4% in August), which staff said may reflect increased deliveries rather than store purchases.
Finance staff presented July financial statements and revenue analyses at the Sept. 4 Ways and Means Committee meeting and described recent sales-tax and use-tax trends.
Why it matters: Sales-tax receipts are a major revenue source for municipal operations; downward trends could affect future budgeting if sustained.
Michelle…
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